Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 95,380 Highwoods Properties, Inc. $HIW

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) in the second quarter, HoldingsChannel.com reports. The firm acquired 95,380 shares of the real estate investment trust’s stock, valued at approximately $2,877,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HIW. Vanguard Group Inc. raised its stake 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. State Street Corp lifted its stake in Highwoods Properties by 1.2% in the 4th quarter. State Street Corp now owns 6,699,130 shares of the real estate investment trust’s stock worth $172,972,000 after purchasing an additional 81,348 shares in the last quarter. Aew Capital Management L P lifted its position in shares of Highwoods Properties by 3.8% in 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. raised its holdings in shares of 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 in the last quarter. Finally, Geode Capital Management LLC lifted its position in Highwoods Properties by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,149,230 shares of the real estate investment trust’s stock valued at $55,503,000 after purchasing an additional 16,327 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Price Performance

Shares of HIW opened at $31.41 on Friday. The company’s fifty day moving average price is $31.53 and its 200-day moving average price is $26.66. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $3.46 billion, a PE ratio of 20.66 and a beta of 1.05. Highwoods Properties, Inc. has a 1-year low of $20.45 and a 1-year high of $35.44.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The firm had revenue of $216.38 million during the quarter, compared to analysts’ expectations of $212.15 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. The company’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. On average, equities research analysts predict that Highwoods Properties, Inc. will post 3.53 EPS for the current year.

Highwoods Properties Announces Dividend

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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is currently 131.58%.

Analyst Ratings Changes

HIW has been the subject of several analyst reports. Mizuho raised their price objective on Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Citigroup boosted their price objective on shares of Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Truist Financial increased their price objective on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Finally, Morgan Stanley raised their price objective on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.