Van Lanschot Kempen Investment Management N.V. Sells 228,766 Shares of Highwoods Properties, Inc. $HIW

Key Points

• Van Lanschot Kempen Investment Management N.V. has reduced its stake in Highwoods Properties, Inc. by 44.1%, selling 228,766 shares and retaining 289,587 shares valued at approximately $8.58 million.
• Highwoods Properties announced a quarterly dividend of $0.50, yielding 6.8%, with a dividend payout ratio of 168.07%.
• Analysts have adjusted their ratings and price targets for Highwoods Properties, with Wells Fargo lowering their price target from $35 to $31 and keeping an "equal weight" rating.

Van Lanschot Kempen Investment Management N.V. cut its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 44.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 289,587 shares of the real estate investment trust's stock after selling 228,766 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 0.27% of Highwoods Properties worth $8,583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HIW. POM Investment Strategies LLC acquired a new stake in shares of Highwoods Properties in the first quarter valued at $28,000. Avalon Trust Co acquired a new stake in shares of Highwoods Properties in the first quarter valued at $35,000. GF Fund Management CO. LTD. acquired a new stake in shares of Highwoods Properties in the fourth quarter valued at $59,000. Spirit of America Management Corp NY acquired a new stake in shares of Highwoods Properties in the first quarter valued at $59,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Highwoods Properties in the first quarter valued at $82,000. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Up 0.1%

Shares of NYSE:HIW traded up $0.0270 during trading on Monday, hitting $29.9170. 168,019 shares of the company's stock traded hands, compared to its average volume of 994,462. Highwoods Properties, Inc. has a 52 week low of $24.18 and a 52 week high of $36.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.42. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 25.15 and a beta of 1.21. The company has a 50-day moving average price of $30.32 and a 200-day moving average price of $29.42.

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

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 18th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, August 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.7%. Highwoods Properties's dividend payout ratio (DPR) is currently 168.07%.

Analysts Set New Price Targets

Several research firms recently issued reports on HIW. Wells Fargo & Company decreased their price target on Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Mizuho raised their price target on Highwoods Properties from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen cut Highwoods Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, Truist Financial cut Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $32.00.

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.