Highwoods Properties, Inc. $HIW Shares Acquired by Aew Capital Management L P

Key Points

• Aew Capital Management L P increased its stake in Highwoods Properties, Inc. by 13.3% in Q1, now holding over 1.15 million shares, which is about 1.7% of its portfolio.
• Highwoods Properties reported $0.89 EPS for the last quarter, exceeding forecasts, but saw a 2.0% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.50 per share, representing an annual yield of 6.7% and a payout ratio of 168.07%.

Aew Capital Management L P increased its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 13.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,158,110 shares of the real estate investment trust's stock after purchasing an additional 136,200 shares during the quarter. Highwoods Properties comprises about 1.7% of Aew Capital Management L P's portfolio, making the stock its 19th biggest holding. Aew Capital Management L P owned 1.07% of Highwoods Properties worth $34,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of HIW. POM Investment Strategies LLC bought a new stake in Highwoods Properties in the first quarter worth about $28,000. Avalon Trust Co bought a new stake in Highwoods Properties in the first quarter worth about $35,000. GF Fund Management CO. LTD. bought a new stake in Highwoods Properties in the fourth quarter worth about $59,000. Spirit of America Management Corp NY acquired a new stake in Highwoods Properties during the 1st quarter worth about $59,000. Finally, Bayforest Capital Ltd acquired a new stake in Highwoods Properties during the 1st quarter worth about $82,000. Institutional investors and hedge funds own 96.31% of the company's stock.

Highwoods Properties Trading Up 2.3%

Shares of NYSE HIW opened at $29.8830 on Friday. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 25.11 and a beta of 1.21. The business has a 50 day simple moving average of $30.32 and a 200 day simple moving average of $29.42. Highwoods Properties, Inc. has a 52 week low of $24.18 and a 52 week high of $36.78. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.38 and a current ratio of 1.38.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. The business had revenue of $200.60 million during the quarter, compared to analysts' expectations 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 in the previous 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 predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, August 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.7%. Highwoods Properties's payout ratio is 168.07%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Mizuho boosted their price objective on Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wall Street Zen downgraded Highwoods Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Truist Financial cut 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, Wells Fargo & Company lowered their target price on 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. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Highwoods Properties presently has a consensus rating of "Hold" and an average price target 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.

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