Highwoods Properties, Inc. $HIW Shares Acquired by CORDA Investment Management LLC.

CORDA Investment Management LLC. raised its position in Highwoods Properties, Inc. (NYSE:HIW) by 27.8% during the 1st quarter, Holdings Channel reports. The firm owned 1,281,348 shares of the real estate investment trust’s stock after acquiring an additional 278,504 shares during the quarter. Highwoods Properties comprises about 1.9% of CORDA Investment Management LLC.’s holdings, making the stock its 25th biggest position. CORDA Investment Management LLC.’s holdings in Highwoods Properties were worth $27,434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in Highwoods Properties by 88.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 372 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Highwoods Properties by 0.5% in the second quarter. California State Teachers Retirement System now owns 98,051 shares of the real estate investment trust’s stock worth $3,048,000 after acquiring an additional 489 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Highwoods Properties by 3.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,896 shares of the real estate investment trust’s stock valued at $514,000 after acquiring an additional 572 shares in the last quarter. Maryland State Retirement & Pension System increased its position in Highwoods Properties by 3.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 22,218 shares of the real estate investment trust’s stock worth $574,000 after purchasing an additional 720 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its stake in Highwoods Properties by 921.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 774 shares during the last quarter. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Stock Up 0.0%

Shares of Highwoods Properties stock opened at $31.23 on Monday. The company has a fifty day moving average price of $28.07 and a 200 day moving average price of $25.40. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.46. Highwoods Properties, Inc. has a twelve month low of $20.45 and a twelve month high of $32.76. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 37.18 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. The business had revenue of $214.03 million during the quarter, compared to analyst estimates of $209.06 million. Highwoods Properties had a return on equity of 3.97% and a net margin of 11.64%.The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. Equities research analysts forecast that Highwoods Properties, Inc. will post 3.53 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Monday, May 18th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, May 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.4%. Highwoods Properties’s dividend payout ratio (DPR) is currently 238.10%.

Highwoods Properties announced that its board has authorized a share repurchase program on Wednesday, April 22nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the real estate investment trust to buy up to 9.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HIW shares. Morgan Stanley raised shares of Highwoods Properties from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $24.00 to $23.00 in a research note on Tuesday, March 31st. Truist Financial increased their target price on Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $28.00 target price on shares of Highwoods Properties in a report on Thursday, May 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.11.

Highwoods Properties Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.