Corient Private Wealth LP Takes Position in Highwoods Properties, Inc. $HIW

Key Points

• Corient Private Wealth LP acquired 351,950 shares of Highwoods Properties worth approximately $10.6 million, while institutional investors collectively own 96.31% of the REIT.
• Analysts remain cautious: Highwoods has an average “Hold” rating and a $31.67 price target, despite several recent target-price increases.
• Highwoods reported quarterly revenue of $216.38 million, up 7.9% year over year, but narrowly missed EPS estimates. The company declared a $0.50 quarterly dividend, equivalent to a 6.4% annualized yield.

Corient Private Wealth LP bought a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 351,950 shares of the real estate investment trust's stock, valued at approximately $10,615,000. Corient Private Wealth LP owned 0.32% of Highwoods Properties as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Highwoods Properties in the second quarter valued at $633,717,000. CORDA Investment Management LLC. acquired a new position in shares of Highwoods Properties during the second quarter valued at about $38,747,000. Bank of New York Mellon Corp bought a new position in shares of Highwoods Properties during the 2nd quarter worth about $38,595,000. Bank of America Corp DE bought a new position in shares of Highwoods Properties during the 2nd quarter worth about $36,285,000. Finally, Quantinno Capital Management LP grew its stake in shares of Highwoods Properties by 133.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,808,104 shares of the real estate investment trust's stock valued at $38,712,000 after buying an additional 1,034,694 shares during the period. 96.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HIW. Mizuho boosted their target price on Highwoods Properties from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Citigroup increased their price target on Highwoods Properties from $24.00 to $34.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Morgan Stanley raised their price objective on Highwoods Properties from $23.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Highwoods Properties from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a "buy" rating to a "hold" rating and set a $33.00 target price on the stock. in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $31.67.

Highwoods Properties Trading Down 0.7%

NYSE:HIW opened at $31.16 on Friday. The company has a market cap of $3.44 billion, a P/E ratio of 20.50 and a beta of 1.05. The stock's fifty day moving average price is $31.76 and its two-hundred day moving average price is $26.86. Highwoods Properties, Inc. has a 1 year low of $20.45 and a 1 year high of $35.44. 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 announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The company had revenue of $216.38 million during the quarter, compared to analysts' expectations of $212.15 million. During the same quarter last year, the firm posted $0.89 earnings per share. Highwoods Properties's revenue for the quarter was up 7.9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, analysts expect that Highwoods Properties, Inc. will post 3.53 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties's payout ratio is presently 131.58%.

About Highwoods Properties

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company's portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.

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