Highwoods Properties, Inc. $HIW Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Highwoods Properties by 3.7% in the 1st quarter, now owning approximately 1.90% of the company, valued at $60.86 million.
• Highwoods Properties reported quarterly earnings of $0.89 per share, exceeding analysts' expectations, despite a 2% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.50 per share, with a yield of 6.8%, reflecting a high dividend payout ratio of 168.07%.

Charles Schwab Investment Management Inc. reduced its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,053,393 shares of the real estate investment trust's stock after selling 79,849 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.90% of Highwoods Properties worth $60,863,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. POM Investment Strategies LLC bought a new stake in Highwoods Properties in the 1st quarter valued at $28,000. Avalon Trust Co bought a new stake in Highwoods Properties in the 1st quarter valued at $35,000. GF Fund Management CO. LTD. bought a new stake in Highwoods Properties in the 4th quarter valued at $59,000. Spirit of America Management Corp NY bought a new stake in shares of Highwoods Properties in the 1st quarter worth about $59,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Highwoods Properties in the 1st quarter worth about $82,000. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Stock Up 1.3%

Shares of HIW traded up $0.38 during mid-day trading on Tuesday, hitting $29.25. The company's stock had a trading volume of 306,149 shares, compared to its average volume of 999,913. The company's 50-day moving average is $30.49 and its 200-day moving average is $29.42. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $36.78. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 24.58 and a beta of 1.21. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.42.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its earnings results 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. Highwoods Properties had a net margin of 16.15% and a return on equity of 5.57%. The company had revenue of $200.60 million during the quarter, compared to analysts' expectations of $203.22 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. Highwoods Properties's revenue for the quarter 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. On average, equities research analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 18th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.8%. The ex-dividend date is Monday, August 18th. Highwoods Properties's dividend payout ratio (DPR) is currently 168.07%.

Analyst Ratings Changes

HIW has been the subject of a number of analyst reports. Wall Street Zen downgraded Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Saturday. Truist Financial downgraded shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a report on Wednesday, July 2nd. Mizuho upped 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. Finally, Wells Fargo & Company cut their price target 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. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.00.

Highwoods Properties Company Profile

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.