Highwoods Properties, Inc. $HIW Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 13.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,578 shares of the real estate investment trust’s stock after selling 19,614 shares during the period. State of Alaska Department of Revenue owned about 0.12% of Highwoods Properties worth $3,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of HIW. NorthCrest Asset Manangement LLC acquired a new stake in shares of Highwoods Properties in the third quarter valued at $449,000. GAMMA Investing LLC boosted its holdings in Highwoods Properties by 16.2% in the third quarter. GAMMA Investing LLC now owns 8,204 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 1,144 shares during the period. Farther Finance Advisors LLC grew its stake in Highwoods Properties by 113.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,999 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 2,657 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in Highwoods Properties by 21.9% during the 3rd quarter. Everhart Financial Group Inc. now owns 11,881 shares of the real estate investment trust’s stock worth $345,000 after purchasing an additional 2,131 shares during the period. Finally, Elevation Wealth Partners LLC increased its holdings in Highwoods Properties by 96.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 2,094 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 1,029 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Huntington initiated coverage on Highwoods Properties in a research note on Thursday, October 8th. They issued a “market perform” rating and a $31.00 price objective for the company. Wells Fargo & Company upped their target price on shares of Highwoods Properties from $26.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 1st. Truist Financial raised their target price on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research note on Wednesday, August 5th. Finally, Morgan Stanley boosted their price target on shares of Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.00.

Highwoods Properties Stock Performance

NYSE:HIW opened at $29.35 on Friday. The firm has a market capitalization of $3.24 billion, a PE ratio of 19.31 and a beta of 1.06. The business’s fifty day moving average price is $30.43 and its 200 day moving average price is $28.72. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.68 and a quick ratio of 1.68. Highwoods Properties, Inc. has a 12 month low of $20.45 and a 12 month high of $35.44.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $216.38 million during the quarter, compared to analyst estimates of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. On average, sell-side analysts anticipate that Highwoods Properties, Inc. will post 3.55 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is 131.58%.

About Highwoods Properties

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in prominent business districts and serves corporate, professional-services and other commercial tenants.

Highwoods’ portfolio is concentrated in major Sun Belt and Southeast markets, including Atlanta, Charlotte, Orlando, Raleigh, Richmond, Nashville and Tampa. In addition to leasing office space, the company provides property management and related services and pursues select development and redevelopment opportunities to support its portfolio.

Founded in 1978, Highwoods Properties became a publicly traded company in 1994.