Hsbc Holdings PLC Acquires 21,130 Shares of Highwoods Properties, Inc. $HIW

Hsbc Holdings PLC boosted its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 9.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 242,739 shares of the real estate investment trust’s stock after purchasing an additional 21,130 shares during the period. Hsbc Holdings PLC owned about 0.22% of Highwoods Properties worth $5,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacific Heights Asset Management LLC raised its position in shares of Highwoods Properties by 40.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock worth $9,037,000 after purchasing an additional 100,000 shares during the period. Bayhunt Capital LLC purchased a new position in Highwoods Properties in the 4th quarter worth about $13,125,000. LSV Asset Management increased its stake in Highwoods Properties by 6.4% in the 4th quarter. LSV Asset Management now owns 1,187,100 shares of the real estate investment trust’s stock worth $30,651,000 after purchasing an additional 71,500 shares in the last quarter. Aew Capital Management L P raised its holdings in Highwoods Properties by 3.8% during the 4th 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 during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Highwoods Properties by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,903,497 shares of the real estate investment trust’s stock worth $436,448,000 after buying an additional 407,406 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of HIW opened at $32.83 on Friday. The company’s fifty day moving average is $29.36 and its 200-day moving average is $25.84. Highwoods Properties, Inc. has a 12 month low of $20.45 and a 12 month high of $33.88. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 39.08 and a beta of 1.07. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.46.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.13. The business had revenue of $214.03 million during the quarter, compared to analyst estimates of $209.06 million. Highwoods Properties had a net margin of 11.64% and a return on equity of 3.97%. Highwoods Properties’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. Equities analysts expect that Highwoods Properties, Inc. will post 3.53 EPS for the current fiscal year.

Highwoods Properties declared that its Board of Directors has authorized a share buyback plan on Wednesday, April 22nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.1%. Highwoods Properties’s payout ratio is currently 238.10%.

Analyst Ratings Changes

Several equities research analysts recently commented on HIW shares. Truist Financial upped their price target on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Weiss Ratings raised shares of Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Mizuho increased their target price on Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday. Wells Fargo & Company raised their target price on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Finally, Morgan Stanley lifted their price target on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.00.

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.