Highwoods Properties, Inc. $HIW Holdings Raised by Versor Investments LP

Key Points

• Versor Investments LP increased its stake in Highwoods Properties by 55.8%, acquiring an additional 13,100 shares, bringing its total holdings to 36,580 shares valued at approximately $1,084,000.
• Highwoods Properties reported a 0.89 EPS for the last quarter, exceeding analysts' expectations, despite a year-over-year revenue decrease of 2%.
• The company has announced a quarterly dividend of $0.50 per share with a yield of 6.8%, despite a high payout ratio of 168.07%.

Versor Investments LP raised its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 55.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 36,580 shares of the real estate investment trust's stock after purchasing an additional 13,100 shares during the period. Versor Investments LP's holdings in Highwoods Properties were worth $1,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. POM Investment Strategies LLC acquired a new stake in shares of Highwoods Properties in the 1st quarter worth $28,000. Avalon Trust Co acquired a new position in Highwoods Properties during the 1st quarter worth about $35,000. GF Fund Management CO. LTD. purchased a new position in Highwoods Properties in the 4th quarter valued at approximately $59,000. Spirit of America Management Corp NY purchased a new stake in Highwoods Properties during the 1st quarter worth about $59,000. Finally, Bayforest Capital Ltd purchased a new stake in Highwoods Properties during the 1st quarter worth about $82,000. Hedge funds and other institutional investors own 96.31% of the company's stock.

Highwoods Properties Trading Up 2.3%

Shares of Highwoods Properties stock traded up $0.6730 during trading hours on Friday, hitting $29.8830. The company's stock had a trading volume of 753,479 shares, compared to its average volume of 999,687. The company has a market capitalization of $3.23 billion, a PE ratio of 25.11 and a beta of 1.21. The business has a fifty day moving average of $30.35 and a 200 day moving average of $29.41. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. Highwoods Properties, Inc. has a 1-year low of $24.18 and a 1-year high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $203.22 million. Highwoods Properties had a net margin of 16.15% and a return on equity of 5.57%. The business's quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. As a group, equities analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

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