Deutsche Bank AG Reduces Stock Position in Highwoods Properties, Inc. $HIW

Key Points

• Deutsche Bank AG significantly reduced its holdings in Highwoods Properties, Inc. by 74.6%, selling 158,456 shares and retaining only 53,848 shares valued at $1,596,000.
• Institutional investors own approximately 96.31% of Highwoods Properties' stock, with several, including Massachusetts Financial Services Co. MA, increasing their stakes substantially during the first quarter.
• Analysts have recently adjusted their ratings and price targets for Highwoods Properties, with Truist Financial lowering its rating to "hold" and setting a target price of $32.00.

Deutsche Bank AG decreased its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 74.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,848 shares of the real estate investment trust's stock after selling 158,456 shares during the period. Deutsche Bank AG's holdings in Highwoods Properties were worth $1,596,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Highwoods Properties by 5.0% in 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 buying an additional 383 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Highwoods Properties by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust's stock worth $156,000 after buying an additional 493 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Highwoods Properties by 7.7% in 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 buying an additional 496 shares during the last quarter. US Bancorp DE increased its holdings in shares of Highwoods Properties by 2.5% in the 1st quarter. US Bancorp DE now owns 22,514 shares of the real estate investment trust's stock worth $667,000 after buying an additional 558 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Highwoods Properties by 3.4% in the 1st quarter. Cerity Partners LLC now owns 17,106 shares of the real estate investment trust's stock valued at $507,000 after purchasing an additional 560 shares in the last quarter. Institutional investors own 96.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial cut shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research note on Wednesday, July 2nd. Wells Fargo & Company cut their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Mizuho upped their price objective on shares of Highwoods Properties from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Wall Street Zen cut shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $32.00.

Highwoods Properties Trading Up 0.9%

HIW traded up $0.27 during trading on Thursday, hitting $31.08. 1,507,134 shares of the stock traded hands, compared to its average volume of 1,209,986. The firm has a market capitalization of $3.36 billion, a P/E ratio of 26.12 and a beta of 1.21. 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 firm has a 50-day moving average of $30.22 and a 200 day moving average of $29.46. Highwoods Properties, Inc. has a 12-month low of $24.18 and a 12-month high of $36.78.

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 earnings per share 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 net margin of 16.15% and a return on equity of 5.57%. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. Equities research analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, August 18th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.00 annualized dividend and a yield of 6.4%. Highwoods Properties's dividend payout ratio is presently 168.07%.

About Highwoods Properties

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.