750,223 Shares in Highwoods Properties, Inc. $HIW Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 750,223 shares of the real estate investment trust’s stock, valued at approximately $22,627,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Highwoods Properties during the 2nd quarter valued at about $633,717,000. Vanguard Group Inc. lifted 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 in the last quarter. State Street Corp grew its holdings in shares of Highwoods Properties by 1.2% during the fourth quarter. State Street Corp now owns 6,699,130 shares of the real estate investment trust’s stock valued at $172,972,000 after buying an additional 81,348 shares during the last quarter. Aew Capital Management L P grew its holdings in shares of Highwoods Properties by 3.8% during the fourth 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 buying an additional 88,672 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Highwoods Properties by 0.7% during the third 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 acquiring an additional 14,410 shares in the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Stock Down 0.7%

HIW opened at $31.16 on Friday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 20.50 and a beta of 1.05. The firm has a 50 day moving average price of $31.76 and a 200-day moving average price of $26.86. Highwoods Properties, Inc. has a twelve month low of $20.45 and a twelve month high of $35.44. 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 (NYSE:HIW) last issued its earnings results 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 company had revenue of $216.38 million during the quarter, compared to analysts’ expectations of $212.15 million. During the same quarter in the prior year, the business posted $0.89 EPS. 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. Equities research analysts forecast that Highwoods Properties, Inc. will post 3.53 earnings per share for the current year.

Highwoods Properties Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HIW shares. Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a report on Wednesday, August 5th. Mizuho increased 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. Truist Financial boosted their price target on Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Wells Fargo & Company upped their price target on Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, Weiss Ratings raised Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.