Wolverine Asset Management LLC Has $2.94 Million Stock Holdings in Highwoods Properties, Inc. $HIW

Wolverine Asset Management LLC grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 2,285.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 92,388 shares of the real estate investment trust’s stock after purchasing an additional 88,515 shares during the period. Wolverine Asset Management LLC’s holdings in Highwoods Properties were worth $2,940,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kera Capital Partners Inc. increased its position in shares of Highwoods Properties by 25.5% during the third quarter. Kera Capital Partners Inc. now owns 13,096 shares of the real estate investment trust’s stock valued at $417,000 after acquiring an additional 2,659 shares in the last quarter. Quent Capital LLC bought a new position in shares of Highwoods Properties during the third quarter valued at $185,000. Warwick Investment Management Inc. purchased a new stake in shares of Highwoods Properties during the third quarter valued at $223,000. Oliver Luxxe Assets LLC increased its holdings in Highwoods Properties by 3.3% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 74,555 shares of the real estate investment trust’s stock worth $2,372,000 after buying an additional 2,371 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Highwoods Properties by 146.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 83,199 shares of the real estate investment trust’s stock valued at $2,647,000 after acquiring an additional 49,444 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. New Street Research set a $30.00 target price on Highwoods Properties in a report on Monday, October 13th. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, January 6th. Wells Fargo & Company cut their price objective on shares of Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Finally, Morgan Stanley lifted their target price on Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Highwoods Properties has an average rating of “Hold” and a consensus price target of $30.75.

Highwoods Properties Trading Up 1.2%

HIW opened at $27.52 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s 50 day moving average price is $26.79 and its 200-day moving average price is $29.17. Highwoods Properties, Inc. has a one year low of $24.18 and a one year high of $32.76. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 23.52 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. Highwoods Properties had a return on equity of 5.48% and a net margin of 15.98%.The company had revenue of $201.77 million during the quarter, compared to analysts’ expectations of $205.74 million. During the same quarter in the previous year, the business earned $0.90 EPS. Highwoods Properties’s revenue was down 1.2% compared to the same quarter last year. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. On average, equities analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Monday, November 17th. Highwoods Properties’s payout ratio is presently 170.94%.

Highwoods Properties 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.