Eisler Capital Management Ltd. Purchases New Holdings in Highwoods Properties, Inc. $HIW

Key Points

• Eisler Capital Management Ltd. acquired a new stake in Highwoods Properties, purchasing 229,764 shares valued at approximately $6.81 million, representing a 0.21% interest in the company.
• Highwoods Properties recently reported $0.89 earnings per share for the last quarter, exceeding analysts' estimates, but its quarterly revenue decreased by 2.0% year-over-year.
• The company is set to distribute a $0.50 quarterly dividend on September 9th, for an annual yield of 6.7%, with a high dividend payout ratio of 168.07%.

Eisler Capital Management Ltd. bought a new position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 229,764 shares of the real estate investment trust's stock, valued at approximately $6,811,000. Eisler Capital Management Ltd. owned 0.21% of Highwoods Properties at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Highwoods Properties by 5.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,105 shares of the real estate investment trust's stock worth $248,000 after acquiring an additional 383 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Highwoods Properties by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust's stock worth $156,000 after acquiring an additional 493 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Highwoods Properties by 7.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,908 shares of the real estate investment trust's stock worth $205,000 after acquiring an additional 496 shares during the last quarter. US Bancorp DE boosted its stake in shares of Highwoods Properties by 2.5% during the 1st quarter. US Bancorp DE now owns 22,514 shares of the real estate investment trust's stock worth $667,000 after acquiring an additional 558 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Highwoods Properties by 3.4% during the 1st quarter. Cerity Partners LLC now owns 17,106 shares of the real estate investment trust's stock worth $507,000 after acquiring an additional 560 shares during the last quarter. Institutional investors own 96.31% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on HIW shares. Wells Fargo & Company dropped 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 research note on Monday, May 19th. Wall Street Zen cut shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Truist Financial cut shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a research note on Wednesday, July 2nd. Finally, Mizuho boosted their price target on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Highwoods Properties presently has a consensus rating of "Hold" and a consensus price target of $32.00.

Highwoods Properties Price Performance

Shares of Highwoods Properties stock traded up $0.44 during trading hours on Friday, reaching $31.54. The company's stock had a trading volume of 1,719,205 shares, compared to its average volume of 1,188,720. The firm has a 50 day moving average price of $30.22 and a 200-day moving average price of $29.48. Highwoods Properties, Inc. has a one year low of $24.18 and a one year high of $36.78. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $3.41 billion, a P/E ratio of 26.50 and a beta of 1.21.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share for the quarter, topping 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 firm had revenue of $200.60 million for the quarter, compared to the consensus estimate of $203.22 million. During the same period in the previous year, the firm posted $0.98 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. On average, analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 18th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.3%. Highwoods Properties's payout ratio is 168.07%.

Highwoods Properties 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.