EFG International AG Makes New Investment in Highwoods Properties, Inc. $HIW

EFG International AG purchased a new stake in Highwoods Properties, Inc. (NYSE:HIW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,033 shares of the real estate investment trust’s stock, valued at approximately $695,000.

Several other large investors have also recently modified their holdings of HIW. BlackRock Inc. acquired a new position in shares of Highwoods Properties during the second quarter worth $633,717,000. Vanguard Group Inc. increased its holdings in 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 valued at $436,448,000 after purchasing an additional 407,406 shares during the period. State Street Corp raised its position in Highwoods Properties by 1.2% during 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 during the last quarter. Aew Capital Management L P raised its position 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 purchasing an additional 88,672 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Highwoods Properties by 0.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,348 shares of the real estate investment trust’s stock valued at $70,174,000 after buying an additional 14,410 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of HIW opened at $31.41 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.37. The firm’s fifty day simple moving average is $31.72 and its two-hundred day simple moving average is $26.83. Highwoods Properties, Inc. has a 12 month low of $20.45 and a 12 month high of $35.44. The stock has a market capitalization of $3.46 billion, a P/E ratio of 20.66 and a beta of 1.05.

Highwoods Properties (NYSE:HIW) last posted 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 business had revenue of $216.38 million during the quarter, compared to the consensus estimate of $212.15 million. Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, analysts predict that Highwoods Properties, Inc. will post 3.53 EPS for the current year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.00 annualized dividend and a yield of 6.4%. Highwoods Properties’s dividend payout ratio (DPR) is currently 131.58%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HIW. Wells Fargo & Company increased their price target on Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Morgan Stanley lifted their price objective on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Mizuho upped their target price on Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average 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.