Highwoods Properties, Inc. $HIW Shares Acquired by Odyssean LLC

Odyssean LLC lifted its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 101.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,792 shares of the real estate investment trust’s stock after purchasing an additional 25,606 shares during the period. Odyssean LLC’s holdings in Highwoods Properties were worth $1,532,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HIW. Pacific Heights Asset Management LLC lifted its stake in 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 valued at $9,037,000 after buying an additional 100,000 shares in the last quarter. SCS Capital Management LLC purchased a new position in shares of Highwoods Properties in the second quarter worth approximately $17,659,000. LSV Asset Management raised its holdings in shares of Highwoods Properties by 6.4% during the fourth quarter. LSV Asset Management now owns 1,187,100 shares of the real estate investment trust’s stock valued at $30,651,000 after acquiring an additional 71,500 shares during the period. Vanguard Group Inc. raised its holdings in shares of Highwoods Properties by 2.5% during 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 acquiring an additional 407,406 shares during the period. Finally, Aew Capital Management L P lifted its position in shares of Highwoods Properties by 3.8% in the 4th quarter. Aew Capital Management L P now owns 2,433,243 shares of the real estate investment trust’s stock valued at $62,826,000 after acquiring an additional 88,672 shares in the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HIW shares. Wells Fargo & Company boosted their target price on shares of Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Citigroup upped their price target on Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Truist Financial raised their price objective on Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Mizuho lifted their target price on Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.67.

Highwoods Properties Trading Up 0.5%

Shares of NYSE:HIW opened at $31.94 on Wednesday. The firm has a fifty day moving average of $31.62 and a two-hundred day moving average of $26.75. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.37. Highwoods Properties, Inc. has a 12-month low of $20.45 and a 12-month high of $35.44. The firm has a market capitalization of $3.52 billion, a P/E ratio of 21.02 and a beta of 1.05.

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). Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The company had revenue of $216.38 million during the quarter, compared to analyst estimates of $212.15 million. During the same period last year, the company posted $0.89 earnings per share. The company’s revenue 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 analysts expect that Highwoods Properties, Inc. will post 3.53 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.3%. Highwoods Properties’s dividend payout ratio (DPR) is 131.58%.

About Highwoods Properties

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.