Syon Capital LLC Makes New $688,000 Investment in Highwoods Properties, Inc. $HIW

Syon Capital LLC acquired a new stake in Highwoods Properties, Inc. (NYSE:HIW) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 22,805 shares of the real estate investment trust’s stock, valued at approximately $688,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HIW. BlackRock Inc. bought a new position in shares of Highwoods Properties during the second quarter worth approximately $633,717,000. State Street Corp grew its position in Highwoods Properties by 1.2% during the fourth quarter. State Street Corp now owns 6,699,130 shares of the real estate investment trust’s stock worth $172,972,000 after buying an additional 81,348 shares in the last quarter. Aew Capital Management L P grew its position in Highwoods Properties by 3.8% during the fourth quarter. Aew Capital Management L P now owns 2,433,243 shares of the real estate investment trust’s stock worth $62,826,000 after buying an additional 88,672 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Highwoods Properties by 0.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,348 shares of the real estate investment trust’s stock worth $70,174,000 after acquiring an additional 14,410 shares during the period. Finally, Geode Capital Management LLC increased its stake in Highwoods Properties by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,149,230 shares of the real estate investment trust’s stock worth $55,503,000 after acquiring an additional 16,327 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Up 0.1%

Shares of NYSE:HIW opened at $31.22 on Tuesday. Highwoods Properties, Inc. has a 52-week low of $20.45 and a 52-week high of $35.44. The company has a market capitalization of $3.44 billion, a PE ratio of 20.54 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68. The company has a fifty day moving average of $31.92 and a 200-day moving average of $27.18.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $216.38 million for 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%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. On average, equities analysts predict that Highwoods Properties, Inc. will post 3.54 EPS 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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is presently 131.58%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HIW. Weiss Ratings upgraded Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Morgan Stanley raised their price target on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on Highwoods Properties from $26.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Truist Financial upped their price objective on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.33.

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.