Caxton Associates LLP Makes New $565,000 Investment in Highwoods Properties, Inc. $HIW

Key Points

• Caxton Associates LLP acquired a new stake in Highwoods Properties, Inc., purchasing 19,046 shares valued at approximately $565,000 in the first quarter.
• Highwoods Properties announced a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 6.2%.
• The current consensus rating for Highwoods Properties stock is "Hold" with an average price target of $32.17, reflecting moderate confidence from analysts.

Caxton Associates LLP purchased a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,046 shares of the real estate investment trust's stock, valued at approximately $565,000.

A number of other hedge funds have also recently modified their holdings of HIW. Goldman Sachs Group Inc. raised its position in shares of Highwoods Properties by 15.5% during the 1st 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 during the period. Presima Securities ULC increased its stake in Highwoods Properties by 1.6% during the first quarter. Presima Securities ULC now owns 53,352 shares of the real estate investment trust's stock worth $1,581,000 after acquiring an additional 816 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in Highwoods Properties by 2.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,397 shares of the real estate investment trust's stock valued at $456,000 after purchasing an additional 396 shares during the period. AQR Capital Management LLC lifted its stake in shares of Highwoods Properties by 10.1% in the 1st quarter. AQR Capital Management LLC now owns 688,858 shares of the real estate investment trust's stock valued at $20,221,000 after purchasing an additional 62,928 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of Highwoods Properties by 66.3% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 549,136 shares of the real estate investment trust's stock worth $16,276,000 after purchasing an additional 218,980 shares during the period. Hedge funds and other institutional investors own 96.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HIW shares. Truist Financial boosted their price objective 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. Wall Street Zen upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Mizuho upped their price objective on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $32.17.

Highwoods Properties Stock Down 0.2%

NYSE:HIW traded down $0.07 during trading hours on Wednesday, hitting $32.13. The company's stock had a trading volume of 170,659 shares, compared to its average volume of 1,011,710. The stock has a market capitalization of $3.47 billion, a P/E ratio of 27.03 and a beta of 1.27. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.42. The stock has a fifty day moving average of $30.38 and a 200-day moving average of $29.71. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $36.78.

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

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 18th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.2%. The ex-dividend date was Monday, August 18th. Highwoods Properties's dividend payout ratio (DPR) is currently 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.