Van Lanschot Kempen Investment Management N.V. Cuts Stock Position in 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 stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 44.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 quarter.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Highwoods Properties in the fourth quarter valued at about $6,565,000. Mariner LLC increased its stake in shares of Highwoods Properties by 6.8% in the fourth quarter. Mariner LLC now owns 37,689 shares of the real estate investment trust's stock worth $1,152,000 after purchasing an additional 2,404 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Highwoods Properties by 5.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 248,879 shares of the real estate investment trust's stock worth $7,603,000 after purchasing an additional 12,722 shares in the last quarter. GeoWealth Management LLC boosted its position in shares of Highwoods Properties by 42.9% in the fourth quarter. GeoWealth Management LLC now owns 10,322 shares of the real estate investment trust's stock valued at $316,000 after acquiring an additional 3,098 shares during the period. Finally, Natixis bought a new position in shares of Highwoods Properties in the fourth quarter valued at approximately $1,990,000. 96.31% of the stock is owned by institutional investors.

Highwoods Properties Price Performance

HIW traded up $0.6730 during trading on Friday, reaching $29.8830. 753,479 shares of the company traded hands, compared to its average volume of 1,312,695. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.38 and a current ratio of 1.38. Highwoods Properties, Inc. has a 12-month low of $24.18 and a 12-month high of $36.78. The firm has a fifty day simple moving average of $30.32 and a 200 day simple moving average of $29.42. The company has a market cap of $3.23 billion, a P/E ratio of 25.11 and a beta of 1.21.

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

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.7%. Highwoods Properties's dividend payout ratio (DPR) is 168.07%.

Analyst Ratings Changes

HIW has been the subject of a number of analyst reports. Truist Financial lowered shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research report on Wednesday, July 2nd. Wall Street Zen cut shares of Highwoods Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Mizuho upped their price target on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company dropped their price target on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $32.00.

Highwoods Properties Profile

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.