43,893 Shares in Highwoods Properties, Inc. $HIW Acquired by BROOKFIELD Corp ON

Key Points

• BROOKFIELD Corp ON acquired 43,893 shares of Highwoods Properties, Inc. for approximately $1.3 million, marking a significant investment in the real estate investment trust during the first quarter.
• Highwoods Properties recently announced a quarterly dividend of $0.50 per share, equating to a 6.2% yield, although its payout ratio stands at 168.07%.
• Analysts have mixed views on Highwoods Properties, with target prices ranging from $30.00 to $33.00, and the stock currently holds an average rating of "Hold" with projections for a modest earnings per share growth.

BROOKFIELD Corp ON bought a new position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 43,893 shares of the real estate investment trust's stock, valued at approximately $1,301,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HIW. BNP Paribas Financial Markets raised its holdings in shares of Highwoods Properties by 13.4% in the 4th quarter. BNP Paribas Financial Markets now owns 7,441 shares of the real estate investment trust's stock worth $228,000 after purchasing an additional 879 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Highwoods Properties in the 4th quarter worth approximately $824,000. Cetera Investment Advisers raised its holdings in shares of Highwoods Properties by 26.0% in the 4th quarter. Cetera Investment Advisers now owns 12,699 shares of the real estate investment trust's stock worth $388,000 after purchasing an additional 2,619 shares in the last quarter. Cresset Asset Management LLC bought a new stake in shares of Highwoods Properties in the 4th quarter worth approximately $296,000. Finally, Deutsche Bank AG raised its holdings in shares of Highwoods Properties by 276.0% in the 4th quarter. Deutsche Bank AG now owns 212,304 shares of the real estate investment trust's stock worth $6,492,000 after purchasing an additional 155,843 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Mizuho boosted their price target on shares of Highwoods Properties from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen lowered shares of Highwoods Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, Truist Financial boosted their price target on shares of Highwoods Properties from $32.00 to $33.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $32.17.

Highwoods Properties Stock Up 1.6%

HIW stock opened at $32.31 on Friday. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $36.78. The company's 50 day simple moving average is $30.31 and its 200-day simple moving average is $29.63. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $3.49 billion, a P/E ratio of 27.15 and a beta of 1.27.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.04. Highwoods Properties had a net margin of 16.15% and a return on equity of 5.57%. The business had revenue of $200.60 million for the quarter, compared to analyst estimates of $203.22 million. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm's revenue was down 2.0% compared to the same quarter last year. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. As a group, equities research analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.2%. Highwoods Properties's payout ratio is presently 168.07%.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded NYSE: HIW, fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.

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