Invesco Ltd. Has $87.72 Million Stock Position in Highwoods Properties, Inc. $HIW

Key Points

• Invesco Ltd. increased its stake in Highwoods Properties, Inc. by 15.1%, acquiring a total of 2,959,480 shares worth approximately $87.7 million.
• Several hedge funds also adjusted their positions, with notable increases from entities like Nuveen Asset Management and Teacher Retirement System of Texas.
• Currently, Highwoods Properties has mixed analyst ratings, with one sell rating, five hold ratings, and one buy rating, alongside an average price target of $32.00.

Invesco Ltd. lifted its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 15.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,959,480 shares of the real estate investment trust's stock after acquiring an additional 388,332 shares during the quarter. Invesco Ltd. owned approximately 2.75% of Highwoods Properties worth $87,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its stake in shares of Highwoods Properties by 87.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust's stock worth $181,358,000 after acquiring an additional 2,852,877 shares during the period. Northern Trust Corp boosted its stake in shares of Highwoods Properties by 29.0% during the 4th quarter. Northern Trust Corp now owns 1,854,835 shares of the real estate investment trust's stock worth $56,721,000 after acquiring an additional 416,791 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Highwoods Properties by 512.9% during the 4th quarter. Janus Henderson Group PLC now owns 1,274,443 shares of the real estate investment trust's stock worth $38,961,000 after acquiring an additional 1,066,508 shares during the period. CORDA Investment Management LLC. boosted its stake in shares of Highwoods Properties by 19.7% during the 1st quarter. CORDA Investment Management LLC. now owns 1,019,186 shares of the real estate investment trust's stock worth $30,209,000 after acquiring an additional 167,510 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Highwoods Properties by 14.0% during the 1st quarter. Victory Capital Management Inc. now owns 981,140 shares of the real estate investment trust's stock worth $29,081,000 after acquiring an additional 120,568 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HIW shares. Wall Street Zen downgraded Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Truist Financial downgraded Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 price target for the company. in a research note on Wednesday, July 2nd. Mizuho boosted their price target on Highwoods Properties from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company reduced their price target on 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. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $32.00.

Highwoods Properties Price Performance

Shares of NYSE:HIW traded down $0.1150 during trading on Thursday, reaching $29.1750. 675,137 shares of the company traded hands, compared to its average volume of 1,298,553. The company's 50 day moving average is $30.35 and its two-hundred day moving average is $29.41. The firm has a market capitalization of $3.15 billion, a PE ratio of 24.52 and a beta of 1.21. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. Highwoods Properties, Inc. has a 52 week low of $24.18 and a 52 week high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.04. The firm had revenue of $200.60 million during the quarter, compared to the consensus estimate of $203.22 million. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.The company's revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. As a group, sell-side analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 18th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Monday, August 18th. 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.