Odyssean LLC Acquires 25,606 Shares of Highwoods Properties, Inc. $HIW

Odyssean LLC lifted its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 101.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,792 shares of the real estate investment trust’s stock after purchasing an additional 25,606 shares during the quarter. Odyssean LLC’s holdings in Highwoods Properties were worth $1,532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Royal Bank of Canada boosted its holdings in Highwoods Properties by 12.7% in 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 purchasing an additional 19,998 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Highwoods Properties by 15.5% during the first quarter. Goldman Sachs Group Inc. now owns 822,655 shares of the real estate investment trust’s stock valued at $24,383,000 after buying an additional 110,489 shares in the last quarter. Empowered Funds LLC raised its holdings in Highwoods Properties by 10.4% during the first quarter. Empowered Funds LLC now owns 13,243 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 1,248 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Highwoods Properties by 292.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,252 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Highwoods Properties by 9.4% in the second quarter. Cetera Investment Advisers now owns 17,846 shares of the real estate investment trust’s stock worth $555,000 after buying an additional 1,534 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Trading Up 0.5%

Shares of HIW stock opened at $31.94 on Wednesday. Highwoods Properties, Inc. has a 1 year low of $20.45 and a 1 year high of $35.44. The firm’s fifty day simple moving average is $31.62 and its 200 day simple moving average is $26.75. The firm has a market capitalization of $3.52 billion, a P/E ratio of 21.02 and a beta of 1.05. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.37.

Highwoods Properties (NYSE:HIW) last issued 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). The company had revenue of $216.38 million during the quarter, compared to the consensus estimate of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. Highwoods Properties’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, sell-side analysts predict that Highwoods Properties, Inc. will post 3.53 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is presently 131.58%.

Analysts Set New Price Targets

Several analysts have recently issued reports on HIW shares. Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research note on Wednesday, August 5th. Truist Financial raised their price objective on Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Wells Fargo & Company boosted their target price on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Citigroup upped their target price on Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently 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.