Gotham Asset Management LLC Boosts Holdings in Highwoods Properties, Inc. $HIW

Gotham Asset Management LLC lifted its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 88.1% in the third quarter, HoldingsChannel reports. The firm owned 910,271 shares of the real estate investment trust’s stock after buying an additional 426,241 shares during the quarter. Gotham Asset Management LLC’s holdings in Highwoods Properties were worth $28,965,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Highwoods Properties by 12.7% during the first quarter. Royal Bank of Canada now owns 177,942 shares of the real estate investment trust’s stock worth $5,275,000 after acquiring an additional 19,998 shares during the period. Goldman Sachs Group Inc. increased its holdings in Highwoods Properties by 15.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 822,655 shares of the real estate investment trust’s stock worth $24,383,000 after purchasing an additional 110,489 shares during the period. Empowered Funds LLC raised its position in Highwoods Properties by 10.4% in the 1st quarter. Empowered Funds LLC now owns 13,243 shares of the real estate investment trust’s stock valued at $393,000 after purchasing an additional 1,248 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Highwoods Properties by 292.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Highwoods Properties by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 2,046,968 shares of the real estate investment trust’s stock valued at $63,650,000 after buying an additional 23,168 shares during the period. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Trading Up 0.0%

NYSE:HIW opened at $21.45 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.51. Highwoods Properties, Inc. has a 52-week low of $21.18 and a 52-week high of $32.76. The stock’s 50 day moving average price is $24.65 and its 200 day moving average price is $27.45. The company has a market capitalization of $2.36 billion, a PE ratio of 14.69 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.58). The business had revenue of $203.36 million for the quarter, compared to analysts’ expectations of $208.08 million. Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.The business’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. On average, research analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.3%. Highwoods Properties’s dividend payout ratio (DPR) is currently 136.99%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HIW. Citigroup reduced their target price on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Sunday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $27.00 price target on shares of Highwoods Properties in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Highwoods Properties in a research report on Thursday, January 22nd. Finally, Mizuho decreased their target price on Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Highwoods Properties presently has an average rating of “Hold” and an average price target of $28.89.

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.