Highwoods Properties, Inc. $HIW Stock Bought by Congress Asset Management Co.

Key Points

• Congress Asset Management increased its Highwoods Properties stake by 21.4% in the third quarter, bringing its holdings to 539,858 shares valued at approximately $15.7 million. Institutional investors and hedge funds collectively own 96.31% of the company.
• Highwoods reported quarterly revenue of $216.38 million, up 7.9% year over year, but earnings of $0.85 per share fell just short of analyst expectations. The company maintained fiscal 2026 EPS guidance of $3.46 to $3.70.
• The REIT pays a quarterly dividend of $0.50 per share, or $2.00 annually, representing a 6.7% yield; however, its payout ratio is high at 131.58%. Analysts remain generally neutral, with an average “Hold” rating and a $32.56 price target.

Congress Asset Management Co. raised its stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 21.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 539,858 shares of the real estate investment trust's stock after acquiring an additional 95,113 shares during the period. Congress Asset Management Co. owned approximately 0.49% of Highwoods Properties worth $15,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC raised its stake in Highwoods Properties by 752.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 940 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Highwoods Properties in the 2nd quarter valued at approximately $34,000. Allworth Financial LP acquired a new position in Highwoods Properties during the second quarter worth $38,000. State of Wyoming purchased a new stake in Highwoods Properties during the first quarter worth $57,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Highwoods Properties by 201.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,386 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 1,594 shares during the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Stock Up 0.6%

Highwoods Properties stock opened at $29.67 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.37. The firm's fifty day simple moving average is $31.01 and its 200-day simple moving average is $28.31. The company has a market capitalization of $3.27 billion, a P/E ratio of 19.52 and a beta of 1.06. Highwoods Properties, Inc. has a 1-year low of $20.45 and a 1-year high of $35.44.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The company had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The business'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. Sell-side analysts forecast that Highwoods Properties, Inc. will post 3.55 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were given a dividend of $0.50 per share. The ex-dividend date was Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a yield of 6.7%. Highwoods Properties's dividend payout ratio is presently 131.58%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley raised their price target on Highwoods Properties from $23.00 to $35.00 and gave the stock an "equal weight" rating in a research report 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. Citigroup upped their target price on Highwoods Properties from $24.00 to $34.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. Wells Fargo & Company increased their price target on Highwoods Properties from $26.00 to $32.00 and gave the company an "equal weight" rating in a report on Tuesday, September 1st. Finally, Mizuho set a $32.00 price target on Highwoods Properties in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $32.56.

Highwoods Properties Company Profile

Highwoods Properties, Inc NYSE: HIW is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in prominent business districts and serves corporate, professional-services and other commercial tenants.

Highwoods' portfolio is concentrated in major Sun Belt and Southeast markets, including Atlanta, Charlotte, Orlando, Raleigh, Richmond, Nashville and Tampa. In addition to leasing office space, the company provides property management and related services and pursues select development and redevelopment opportunities to support its portfolio.

Founded in 1978, Highwoods Properties became a publicly traded company in 1994.

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