Chicago Partners Investment Group LLC Purchases Shares of 12,224 Highwoods Properties, Inc. $HIW

Key Points

• Chicago Partners Investment Group LLC purchased 12,224 shares of Highwoods Properties, Inc. valued at approximately $377,000 during the second quarter.
• Highwoods Properties' stock rating has shifted recently, with Mizuho increasing their price target and Wall Street Zen downgrading the stock to a sell rating, while the consensus remains a hold.
• In insider news, Director David John Hartzell sold 4,300 shares at an average price of $32.10, reducing his position by 13.53%.

Chicago Partners Investment Group LLC purchased a new stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,224 shares of the real estate investment trust's stock, valued at approximately $377,000.

A number of other hedge funds also recently bought and sold shares of HIW. Massachusetts Financial Services Co. MA raised its position in Highwoods Properties by 87.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust's stock valued at $181,358,000 after purchasing an additional 2,852,877 shares in the last quarter. Invesco Ltd. raised its position in Highwoods Properties by 15.1% in the 1st quarter. Invesco Ltd. now owns 2,959,480 shares of the real estate investment trust's stock valued at $87,719,000 after purchasing an additional 388,332 shares in the last quarter. Nuveen LLC acquired a new stake in Highwoods Properties in the 1st quarter valued at about $9,331,000. Eisler Capital Management Ltd. acquired a new stake in Highwoods Properties in the 1st quarter valued at about $6,811,000. Finally, Adage Capital Partners GP L.L.C. raised its position in Highwoods Properties by 66.3% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 549,136 shares of the real estate investment trust's stock valued at $16,276,000 after purchasing an additional 218,980 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company's stock.

Insider Transactions at Highwoods Properties

In related news, Director David John Hartzell sold 4,300 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total transaction of $138,030.00. Following the transaction, the director owned 27,489 shares in the company, valued at $882,396.90. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on HIW. Mizuho increased their price target on Highwoods Properties from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Highwoods Properties in a report on Wednesday, October 8th. Wall Street Zen downgraded Highwoods Properties from a "hold" rating to a "sell" rating in a report on Sunday, October 19th. Truist Financial increased their price objective on Highwoods Properties from $32.00 to $33.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Finally, New Street Research set a $30.00 price objective on Highwoods Properties in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Highwoods Properties has a consensus rating of "Hold" and an average target price of $31.25.

Highwoods Properties Trading Up 0.3%

NYSE:HIW opened at $29.65 on Friday. The stock's 50 day moving average price is $30.97 and its 200 day moving average price is $30.12. The company has a market capitalization of $3.20 billion, a PE ratio of 24.91 and a beta of 1.24. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $35.87.

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, topping analysts' consensus estimates of $0.85 by $0.04. The firm 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 firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. On average, research analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

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.

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