Oak Thistle LLC Has $1.99 Million Stock Holdings in Highwoods Properties, Inc. $HIW

Oak Thistle LLC raised its stake in Highwoods Properties, Inc. (NYSE:HIW) by 947.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,243 shares of the real estate investment trust’s stock after buying an additional 69,870 shares during the quarter. Oak Thistle LLC owned 0.07% of Highwoods Properties worth $1,994,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in Highwoods Properties by 88.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 372 shares during the period. Bell Investment Advisors Inc increased its stake in Highwoods Properties by 921.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 774 shares during the period. Avalon Trust Co acquired a new position in Highwoods Properties in the 3rd quarter valued at approximately $37,000. Beacon Financial Strategies CORP acquired a new position in Highwoods Properties in the 4th quarter valued at approximately $34,000. Finally, SJS Investment Consulting Inc. acquired a new position in Highwoods Properties in the 3rd quarter valued at approximately $49,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of HIW opened at $22.25 on Thursday. The company’s fifty day moving average is $22.78 and its 200-day moving average is $26.23. Highwoods Properties, Inc. has a 12 month low of $20.45 and a 12 month high of $32.76. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 15.24 and a beta of 1.05. 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 (NYSE:HIW) last posted its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.58). The firm had revenue of $203.36 million for the quarter, compared to the consensus estimate of $208.08 million. Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.Highwoods Properties’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Equities analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend was Tuesday, February 17th. Highwoods Properties’s dividend payout ratio is currently 136.99%.

Analysts Set New Price Targets

HIW has been the topic of several research reports. Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Monday, March 23rd. Mizuho dropped their price target on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Robert W. Baird set a $29.00 price target on shares of Highwoods Properties in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $27.00 price target on shares of Highwoods Properties in a research note on Thursday, February 19th. Finally, Truist Financial dropped their price target on shares of Highwoods Properties from $29.00 to $23.00 and set a “hold” rating on the stock in a research note on Tuesday, March 17th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Highwoods Properties presently has an average rating of “Hold” and an average price target of $27.67.

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.