Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 95,380 Highwoods Properties, Inc. $HIW

Key Points

• Mitsubishi UFJ Asset Management acquired 95,380 Highwoods Properties shares worth approximately $2.88 million, while institutional investors collectively own 96.31% of HIW.
• Analysts remain broadly cautious: one analyst rates HIW a Buy and seven rate it Hold, producing a consensus Hold rating and an average price target of $31.67.
• Highwoods reported quarterly revenue of $216.38 million, up 7.9% year over year, but EPS of $0.85 slightly missed estimates. The REIT declared a $0.50 quarterly dividend, equal to a 6.4% annualized yield.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 95,380 shares of the real estate investment trust's stock, valued at approximately $2,877,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Highwoods Properties as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HIW. Caitong International Asset Management Co. Ltd increased its stake in shares of Highwoods Properties by 88.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 372 shares during the period. Elevation Wealth Partners LLC boosted its stake in Highwoods Properties by 752.0% during the second 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. Geneos Wealth Management Inc. boosted its position in shares of Highwoods Properties by 292.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 1,252 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Highwoods Properties by 285.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,983 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 1,469 shares during the period. Finally, State of Wyoming acquired a new stake in Highwoods Properties in the 1st quarter valued at $57,000. 96.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on HIW shares. Truist Financial boosted their price objective on Highwoods Properties from $23.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, June 26th. Morgan Stanley lifted their price objective on shares of Highwoods Properties from $23.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company upped their price target on Highwoods Properties from $24.00 to $26.00 and gave the company an "equal weight" rating in a research report on Monday, June 1st. Weiss Ratings upgraded shares of Highwoods Properties from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Finally, Mizuho raised their target price on Highwoods Properties from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Highwoods Properties currently has an average rating of "Hold" and a consensus price target of $31.67.

Highwoods Properties Price Performance

HIW stock opened at $31.41 on Friday. The firm's 50-day moving average price is $31.53 and its two-hundred day moving average price is $26.66. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 20.66 and a beta of 1.05. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.37. Highwoods Properties, Inc. has a 12-month low of $20.45 and a 12-month high of $35.44.

Highwoods Properties (NYSE:HIW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $212.15 million. During the same period in the prior year, the firm earned $0.89 earnings per share. 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. As a group, equities analysts predict that Highwoods Properties, Inc. will post 3.53 earnings per share for the current year.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.4%. Highwoods Properties's dividend payout ratio is presently 131.58%.

Highwoods Properties Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company's portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.

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