Highwoods Properties, Inc. $HIW Stock Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in Highwoods Properties, Inc. (NYSE:HIW) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 772,326 shares of the real estate investment trust’s stock after buying an additional 61,443 shares during the quarter. JPMorgan Chase & Co. owned about 0.70% of Highwoods Properties worth $24,575,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HIW. Caitong International Asset Management Co. Ltd lifted its stake in Highwoods Properties by 88.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 372 shares during the last quarter. Samalin Investment Counsel LLC increased its stake in shares of Highwoods Properties by 5.0% during the 3rd quarter. Samalin Investment Counsel LLC now owns 9,075 shares of the real estate investment trust’s stock worth $289,000 after purchasing an additional 435 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Highwoods Properties by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 31,902 shares of the real estate investment trust’s stock valued at $1,015,000 after purchasing an additional 443 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Highwoods Properties by 1.4% in the 3rd quarter. Amalgamated Bank now owns 32,927 shares of the real estate investment trust’s stock valued at $1,048,000 after purchasing an additional 467 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of Highwoods Properties by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 98,051 shares of the real estate investment trust’s stock valued at $3,048,000 after purchasing an additional 489 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on HIW. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $27.00 target price on shares of Highwoods Properties in a report on Thursday, February 19th. Citigroup lowered their price objective on Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Robert W. Baird set a $29.00 target price on Highwoods Properties in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Highwoods Properties in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.78.

Highwoods Properties Price Performance

Shares of NYSE:HIW opened at $21.22 on Tuesday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 14.54 and a beta of 1.07. The business has a 50 day moving average price of $24.08 and a 200 day moving average price of $27.09. 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 twelve month low of $20.50 and a twelve month high of $32.76.

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

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.00 dividend on an annualized basis and a yield of 9.4%. Highwoods Properties’s dividend payout ratio is 136.99%.

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.