Paralel Advisors LLC Makes New $2.41 Million Investment in Highwoods Properties, Inc. $HIW

Key Points

• Paralel Advisors LLC acquired 79,800 shares of Highwoods Properties valued at approximately $2.41 million, representing about 0.07% of the REIT. Institutional investors and hedge funds collectively own 96.31% of the company.
• Analysts remain generally cautious, with one Buy rating and seven Hold ratings. The consensus price target is $31.67, while several firms recently raised their targets to between $30 and $35.
• Highwoods reported quarterly revenue of $216.38 million, up 7.9% year over year, though EPS of $0.85 narrowly missed estimates. The company declared a $0.50 quarterly dividend, equivalent to a 6.3% annualized yield.

Paralel Advisors LLC bought a new position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 79,800 shares of the real estate investment trust's stock, valued at approximately $2,407,000. Paralel Advisors LLC owned approximately 0.07% of Highwoods Properties at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in 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 worth $25,000 after purchasing an additional 372 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Highwoods Properties by 0.5% in the second quarter. California State Teachers Retirement System now owns 98,051 shares of the real estate investment trust's stock valued at $3,048,000 after buying an additional 489 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Highwoods Properties by 3.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,896 shares of the real estate investment trust's stock valued at $514,000 after buying an additional 572 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Highwoods Properties by 3.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 22,218 shares of the real estate investment trust's stock valued at $574,000 after buying an additional 720 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Highwoods Properties by 33.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,159 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 797 shares during the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HIW has been the topic of a number of research analyst reports. Mizuho increased their price objective on shares of Highwoods Properties from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Morgan Stanley increased their price target on shares of Highwoods Properties from $23.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 22nd. Truist Financial raised their price target on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a "hold" rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft cut shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $33.00 price objective for the company. in a research report on Wednesday, August 5th. Finally, Citigroup increased their price objective on Highwoods Properties from $24.00 to $34.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $31.67.

Highwoods Properties Stock Performance

Highwoods Properties stock opened at $31.50 on Friday. 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 1 year low of $20.45 and a 1 year high of $35.44. The company has a market cap of $3.47 billion, a PE ratio of 20.72 and a beta of 1.05. The company's 50-day moving average is $31.50 and its two-hundred day moving average is $26.63.

Highwoods Properties (NYSE:HIW - Get Free Report) last issued its earnings results 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 net margin of 20.74% and a return on equity of 7.06%. The business had revenue of $216.38 million during the quarter, compared to the consensus estimate of $212.15 million. During the same period last year, the business posted $0.89 EPS. The firm'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. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.53 earnings per share for the current year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a yield of 6.3%. Highwoods Properties's dividend payout ratio (DPR) is presently 131.58%.

Highwoods Properties Company 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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