WINTON GROUP Ltd Buys Shares of 202,213 Highwoods Properties, Inc. $HIW

Key Points

• WINTON GROUP Ltd acquired 202,213 Highwoods Properties shares worth approximately $6.1 million, giving it a 0.18% stake. Institutional investors and hedge funds collectively own 96.31% of the REIT.
• Analysts remain cautious: Highwoods has an average “Hold” rating and a consensus price target of $32.56, despite several recent target increases.
• Highwoods reported quarterly revenue of $216.38 million, up 7.9% year over year, but narrowly missed EPS estimates. It paid a quarterly dividend of $0.50 per share, representing a 6.6% annualized yield.

WINTON GROUP Ltd bought a new position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 202,213 shares of the real estate investment trust's stock, valued at approximately $6,099,000. WINTON GROUP Ltd owned 0.18% of Highwoods Properties at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pacific Heights Asset Management LLC raised its holdings in shares of Highwoods Properties by 40.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust's stock valued at $9,037,000 after purchasing an additional 100,000 shares during the period. SCS Capital Management LLC bought a new stake in shares of Highwoods Properties during the second quarter valued at approximately $17,659,000. LSV Asset Management lifted its holdings in shares of Highwoods Properties by 6.4% in the 4th quarter. LSV Asset Management now owns 1,187,100 shares of the real estate investment trust's stock worth $30,651,000 after purchasing an additional 71,500 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Highwoods Properties during the second quarter worth about $1,649,000. Finally, Aew Capital Management L P lifted its holdings in shares of Highwoods Properties by 3.8% in the fourth quarter. Aew Capital Management L P now owns 2,433,243 shares of the real estate investment trust's stock valued at $62,826,000 after purchasing an additional 88,672 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Highwoods Properties from $26.00 to $32.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a "buy" rating to a "hold" rating and set a $33.00 price objective on the stock. in a research note on Wednesday, August 5th. Morgan Stanley raised their target price on Highwoods Properties from $23.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Highwoods Properties from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Finally, Truist Financial increased their price target on Highwoods Properties from $23.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $32.56.

Highwoods Properties Stock Performance

NYSE:HIW opened at $30.43 on Friday. The stock has a market cap of $3.36 billion, a P/E ratio of 20.02 and a beta of 1.05. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.37. The business's 50-day moving average price is $31.89 and its two-hundred day moving average price is $27.33. Highwoods Properties, Inc. has a twelve month low of $20.45 and a twelve month high of $35.44.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The company had revenue of $216.38 million for 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 business's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, equities analysts predict that Highwoods Properties, Inc. will post 3.55 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Monday, August 17th. Highwoods Properties's dividend payout ratio is currently 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.

Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties, Inc. (NYSE:HIW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.