Bank of America Corp DE Makes New $36.28 Million Investment in Highwoods Properties, Inc. $HIW

Key Points

• Bank of America acquired 1.2 million Highwoods Properties shares worth approximately $36.3 million, giving it a 1.09% stake. Institutional investors collectively own 96.31% of HIW.
• Highwoods Properties reported quarterly revenue of $216.4 million, up 7.9% year over year, but earnings per share of $0.85 narrowly missed analyst expectations. The company maintained fiscal 2026 EPS guidance of $3.46–$3.70.
• The REIT pays a quarterly dividend of $0.50, equivalent to $2.00 annually and a 6.4% yield. Analysts remain broadly neutral, with a consensus “Hold” rating and an average price target of $32.56.

Bank of America Corp DE acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,203,072 shares of the real estate investment trust's stock, valued at approximately $36,285,000. Bank of America Corp DE owned about 1.09% of Highwoods Properties at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HIW. Odyssean LLC grew its holdings in Highwoods Properties by 101.7% during the second quarter. Odyssean LLC now owns 50,792 shares of the real estate investment trust's stock valued at $1,532,000 after purchasing an additional 25,606 shares during the period. Jupiter Topco LLC purchased a new position in shares of Highwoods Properties in the second quarter valued at about $25,432,000. Hsbc Holdings PLC bought a new position in shares of Highwoods Properties during the second quarter worth $7,062,000. EFG International AG purchased a new position in shares of Highwoods Properties during the second quarter valued at about $695,000. Finally, Legal & General Group Plc bought a new stake in Highwoods Properties in the 2nd quarter worth approximately $22,627,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Stock Up 2.5%

HIW stock opened at $31.18 on Tuesday. The company has a market capitalization of $3.44 billion, a P/E ratio of 20.51 and a beta of 1.05. Highwoods Properties, Inc. has a 12 month low of $20.45 and a 12 month high of $35.44. The firm's fifty day simple moving average is $31.77 and its 200-day simple moving average is $27.72. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.68 and a quick ratio of 1.68.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $216.38 million during the quarter, compared to analyst estimates of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, equities research analysts forecast that Highwoods Properties, Inc. will post 3.55 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Monday, August 17th. Highwoods Properties's dividend payout ratio (DPR) is presently 131.58%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HIW. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a "buy" rating to a "hold" rating and set a $33.00 target price for the company. in a research report on Wednesday, August 5th. Weiss Ratings raised Highwoods Properties from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Wells Fargo & Company boosted their target price on shares of Highwoods Properties from $26.00 to $32.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 1st. Morgan Stanley raised their price target on shares of Highwoods Properties from $23.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 22nd. Finally, Truist Financial lifted their price target on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, June 26th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $32.56.

Highwoods Properties Company Profile

Highwoods Properties, Inc NYSE: HIW is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in central business districts and other prominent business locations, serving corporate, professional services, healthcare and government tenants.

Highwoods' portfolio is concentrated in selected Sun Belt markets, including Atlanta, Charlotte, Nashville, Raleigh, Richmond, Orlando and Tampa. In addition to traditional office buildings, the company has developed and owns mixed-use properties that may include retail, residential, hospitality and entertainment components.

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