111,355 Shares in Highwoods Properties, Inc. $HIW Bought by Ieq Capital LLC

Ieq Capital LLC bought a new position in Highwoods Properties, Inc. (NYSE:HIW) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 111,355 shares of the real estate investment trust’s stock, valued at approximately $3,358,000. Ieq Capital LLC owned approximately 0.10% of Highwoods Properties as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in Highwoods Properties by 88.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 372 shares during the period. Elevation Wealth Partners LLC grew its stake in shares of Highwoods Properties by 752.0% in the second quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 940 shares during the last quarter. Allworth Financial LP bought a new position in Highwoods Properties during the 2nd quarter worth $38,000. Geneos Wealth Management Inc. raised its position in Highwoods Properties by 292.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Highwoods Properties by 285.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,983 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 1,469 shares during the period. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Trading Up 1.1%

NYSE HIW opened at $31.76 on Tuesday. The business has a 50 day simple moving average of $31.57 and a 200 day simple moving average of $26.71. Highwoods Properties, Inc. has a one year low of $20.45 and a one year high of $35.44. The stock has a market capitalization of $3.50 billion, a P/E ratio of 20.89 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.68 and a quick ratio of 1.68.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $216.38 million during the quarter, compared to analyst estimates of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. Highwoods Properties’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Research analysts expect that Highwoods Properties, Inc. will post 3.53 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.00 annualized dividend and a yield of 6.3%. Highwoods Properties’s dividend payout ratio is currently 131.58%.

Analysts Set New Price Targets

A number of research firms recently commented on HIW. Morgan Stanley lifted their price objective on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Wednesday, August 5th. Wells Fargo & Company boosted their price target on shares of Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Mizuho increased their price objective on shares of Highwoods Properties from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.67.

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.