Jupiter Topco LLC Makes New $25.43 Million Investment in Highwoods Properties, Inc. $HIW

Jupiter Topco LLC bought a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 842,713 shares of the real estate investment trust’s stock, valued at approximately $25,432,000. Jupiter Topco LLC owned about 0.76% of Highwoods Properties at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Hsbc Holdings PLC bought a new position in shares of Highwoods Properties in the second quarter worth about $7,062,000. EFG International AG bought a new stake in Highwoods Properties during the 2nd quarter valued at about $695,000. Legal & General Group Plc bought a new stake in Highwoods Properties during the 2nd quarter valued at about $22,627,000. The Manufacturers Life Insurance Company purchased a new stake in Highwoods Properties in the 2nd quarter valued at about $1,649,000. Finally, Cullen Capital Management LLC purchased a new stake in Highwoods Properties in the 2nd quarter valued at about $399,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Trading Down 0.7%

HIW opened at $31.16 on Friday. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 20.50 and a beta of 1.05. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.37. Highwoods Properties, Inc. has a 12 month low of $20.45 and a 12 month high of $35.44. The stock has a fifty day moving average price of $31.76 and a 200-day moving average price of $26.86.

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

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is currently 131.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HIW. Morgan Stanley raised their target price on shares of Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Truist Financial boosted their price target on Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Mizuho increased their price objective on Highwoods Properties from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Wells Fargo & Company raised their price objective on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Finally, Weiss Ratings upgraded Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Highwoods Properties has an average rating of “Hold” and a consensus price target of $31.67.

Highwoods Properties Company 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.