SCS Capital Management LLC Invests $17.66 Million in Highwoods Properties, Inc. $HIW

Key Points

• SCS Capital Management acquired 585,500 Highwoods Properties shares worth approximately $17.66 million, representing about 0.53% of the REIT. Institutional investors and hedge funds collectively own 96.31% of the stock.
• Highwoods reported quarterly revenue of $216.38 million, up 7.9% year over year, but earnings per share of $0.85 fell slightly short of estimates. The company reaffirmed fiscal 2026 EPS guidance of $3.46–$3.70.
• The REIT authorized a $250 million share repurchase program and declared a quarterly dividend of $0.50, equivalent to a 6.3% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $31.67.

SCS Capital Management LLC acquired a new position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 585,500 shares of the real estate investment trust's stock, valued at approximately $17,659,000. SCS Capital Management LLC owned approximately 0.53% of Highwoods Properties at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its stake in Highwoods Properties by 88.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 372 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Highwoods Properties by 752.0% in the second quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 940 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Highwoods Properties by 292.5% in the first 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 increased its holdings in shares of Highwoods Properties by 285.8% during 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 purchasing an additional 1,469 shares during the period. Finally, State of Wyoming acquired a new position in shares of Highwoods Properties during the first quarter valued at $57,000. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Down 0.9%

Shares of HIW stock opened at $31.52 on Friday. Highwoods Properties, Inc. has a 1 year low of $20.45 and a 1 year high of $35.44. The stock has a market cap of $3.48 billion, a PE ratio of 20.74 and a beta of 1.05. The business's fifty day moving average is $31.39 and its 200-day moving average is $26.48. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68.

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 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The firm had revenue of $216.38 million during the quarter, compared to the consensus estimate of $212.15 million. Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Equities analysts expect that Highwoods Properties, Inc. will post 3.53 earnings per share for the current fiscal year.

Highwoods Properties announced that its Board of Directors has authorized a share buyback plan on Wednesday, April 22nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Highwoods Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HIW shares. Truist Financial lifted their price objective on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, June 26th. Morgan Stanley increased their target price on shares of Highwoods Properties from $23.00 to $35.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 22nd. Citigroup raised their target price on shares of Highwoods Properties from $24.00 to $34.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Highwoods Properties from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $33.00 price target for the company. in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $31.67.

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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