Strs Ohio Sells 4,994 Shares of Highwoods Properties, Inc. $HIW

Strs Ohio lessened its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 168,624 shares of the real estate investment trust’s stock after selling 4,994 shares during the period. Strs Ohio owned approximately 0.16% of Highwoods Properties worth $5,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Voya Investment Management LLC raised its position in shares of Highwoods Properties by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 13,033 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 367 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of Highwoods Properties by 2.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,397 shares of the real estate investment trust’s stock valued at $456,000 after buying an additional 396 shares in the last quarter. Truist Financial Corp raised its position in shares of Highwoods Properties by 5.0% during the 2nd quarter. Truist Financial Corp now owns 9,146 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 434 shares in the last quarter. GC Wealth Management RIA LLC raised its position in shares of Highwoods Properties by 4.2% during the 2nd quarter. GC Wealth Management RIA LLC now owns 12,205 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 489 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Highwoods Properties by 7.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,908 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 496 shares in the last quarter. Institutional investors own 96.31% of the company’s stock.

Insider Activity at Highwoods Properties

In other news, Director David John Hartzell sold 4,300 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $32.10, for a total value of $138,030.00. Following the completion of the sale, the director directly owned 27,489 shares of the company’s stock, valued at approximately $882,396.90. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

HIW has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. Wolfe Research initiated coverage on shares of Highwoods Properties in a research report on Wednesday, October 8th. They set an “outperform” rating and a $38.00 price objective on the stock. Truist Financial raised their price objective on shares of Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. New Street Research set a $30.00 target price on shares of Highwoods Properties in a research report on Monday, October 13th. Finally, Morgan Stanley increased their price target on shares of Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.14.

Highwoods Properties Trading Up 0.2%

NYSE:HIW opened at $28.69 on Monday. The company has a 50-day moving average price of $30.94 and a 200-day moving average price of $30.31. Highwoods Properties, Inc. has a 12 month low of $24.18 and a 12 month high of $34.30. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 1.44. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 24.52 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 EPS for the quarter, hitting the consensus estimate of $0.86. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The firm had revenue of $201.77 million during the quarter, compared to analysts’ expectations of $205.74 million. During the same period last year, the company posted $0.90 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. Equities analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Monday, November 17th. Highwoods Properties’s dividend payout ratio (DPR) is currently 170.94%.

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.