GRS Advisors LLC Purchases 356,530 Shares of Highwoods Properties, Inc. $HIW

GRS Advisors LLC lifted its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 40.0% during the second quarter, Holdings Channel.com reports. The firm owned 1,247,470 shares of the real estate investment trust’s stock after buying an additional 356,530 shares during the quarter. Highwoods Properties accounts for 3.7% of GRS Advisors LLC’s portfolio, making the stock its 12th biggest holding. GRS Advisors LLC’s holdings in Highwoods Properties were worth $38,784,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HIW. Geneos Wealth Management Inc. raised its position in shares of Highwoods Properties by 292.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,252 shares in the last quarter. MAI Capital Management increased its stake in Highwoods Properties by 67.3% during the 2nd quarter. MAI Capital Management now owns 1,803 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 725 shares during the period. EverSource Wealth Advisors LLC increased its stake in Highwoods Properties by 97.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,242 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,106 shares during the period. Bayforest Capital Ltd acquired a new position in Highwoods Properties in the 1st quarter valued at $82,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Highwoods Properties by 25.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,060 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 626 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director David John Hartzell sold 4,300 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total transaction of $138,030.00. Following the sale, the director owned 27,489 shares in the company, valued at $882,396.90. The trade was a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on HIW. Truist Financial boosted their price target on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. Morgan Stanley upped their price target on shares of Highwoods Properties from $23.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, October 21st. New Street Research set a $30.00 price objective on shares of Highwoods Properties in a research note on Monday, October 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Highwoods Properties has a consensus rating of “Hold” and a consensus price target of $31.00.

Highwoods Properties Trading Down 1.4%

HIW opened at $25.66 on Tuesday. The company’s 50 day moving average is $29.06 and its 200-day moving average is $30.10. Highwoods Properties, Inc. has a 1-year low of $24.18 and a 1-year high of $32.76. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.44. The company has a market cap of $2.82 billion, a P/E ratio of 21.93 and a beta of 1.06.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The business had revenue of $201.77 million during the quarter, compared to analysts’ expectations of $205.74 million. During the same period in the prior year, the company earned $0.90 EPS. The firm’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 research analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.00 annualized dividend and a dividend yield of 7.8%. Highwoods Properties’s dividend payout ratio (DPR) is 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.