Nissay Asset Management Corp Japan ADV Has $456,000 Stock Holdings in Highwoods Properties, Inc. $HIW

Nissay Asset Management Corp Japan ADV grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 2.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,397 shares of the real estate investment trust’s stock after purchasing an additional 396 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Highwoods Properties were worth $456,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Highwoods Properties by 10.1% in the 1st quarter. AQR Capital Management LLC now owns 688,858 shares of the real estate investment trust’s stock valued at $20,221,000 after purchasing an additional 62,928 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Highwoods Properties by 66.3% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 549,136 shares of the real estate investment trust’s stock valued at $16,276,000 after purchasing an additional 218,980 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Highwoods Properties by 12.7% in the 1st quarter. Royal Bank of Canada now owns 177,942 shares of the real estate investment trust’s stock valued at $5,275,000 after purchasing an additional 19,998 shares in the last quarter. Quarry LP acquired a new stake in shares of Highwoods Properties in the 1st quarter valued at $105,000. Finally, Evergreen Capital Management LLC boosted its stake in shares of Highwoods Properties by 21.1% in the 1st quarter. Evergreen Capital Management LLC now owns 17,507 shares of the real estate investment trust’s stock valued at $519,000 after purchasing an additional 3,056 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Down 0.3%

Shares of NYSE HIW opened at $31.81 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. Highwoods Properties, Inc. has a 12-month low of $24.18 and a 12-month high of $36.78. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 26.73 and a beta of 1.27. The firm’s 50-day simple moving average is $30.27 and its 200 day simple moving average is $29.59.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Highwoods Properties had a net margin of 16.15% and a return on equity of 5.57%. The company had revenue of $200.60 million for the quarter, compared to the consensus estimate of $203.22 million. During the same period in the prior year, the company posted $0.98 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. On average, research analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 18th were given a dividend of $0.50 per share. The ex-dividend date was Monday, August 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.3%. Highwoods Properties’s dividend payout ratio is presently 168.07%.

Analysts Set New Price Targets

Several brokerages have recently commented on HIW. Truist Financial boosted their target price on shares of Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Wall Street Zen downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Wells Fargo & Company reduced their price target on shares of Highwoods Properties from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Monday, May 19th. Finally, Mizuho upped their price target on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and a consensus target price of $32.17.

Highwoods Properties Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.