XTX Topco Ltd Makes New $753,000 Investment in Highwoods Properties, Inc. (NYSE:HIW)

Key Points

• XTX Topco Ltd has made a new investment of approximately $753,000 by purchasing 25,392 shares of Highwoods Properties, Inc. in the first quarter.
• In recent evaluations, Wall Street analysts have shifted their ratings on Highwoods Properties, with a consensus rating of "Hold" and an average price target of $32.00.
• Highwoods Properties has declared a quarterly dividend of $0.50 payable on September 9th, reflecting an annualized yield of 7.0%.

XTX Topco Ltd purchased a new position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,392 shares of the real estate investment trust's stock, valued at approximately $753,000.

A number of other hedge funds have also modified their holdings of HIW. LPL Financial LLC boosted its position in shares of Highwoods Properties by 7.9% in the fourth quarter. LPL Financial LLC now owns 40,266 shares of the real estate investment trust's stock worth $1,231,000 after purchasing an additional 2,931 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Highwoods Properties by 6.5% during the fourth quarter. JPMorgan Chase & Co. now owns 699,013 shares of the real estate investment trust's stock worth $21,376,000 after acquiring an additional 42,744 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Highwoods Properties during the fourth quarter worth $240,000. Wellington Management Group LLP boosted its position in shares of Highwoods Properties by 328.8% during the fourth quarter. Wellington Management Group LLP now owns 126,631 shares of the real estate investment trust's stock worth $3,872,000 after acquiring an additional 97,100 shares during the last quarter. Finally, ExodusPoint Capital Management LP boosted its position in shares of Highwoods Properties by 138.2% during the fourth quarter. ExodusPoint Capital Management LP now owns 140,499 shares of the real estate investment trust's stock worth $4,296,000 after acquiring an additional 81,511 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Truist Financial lowered shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 target price for the company. in a research report on Wednesday, July 2nd. Mizuho upped their target price on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company dropped their target price on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $32.00.

Highwoods Properties Price Performance

Highwoods Properties stock opened at $28.46 on Tuesday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 23.91 and a beta of 1.21. The firm's fifty day moving average is $30.74 and its 200 day moving average is $29.46. 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 52-week low of $24.18 and a 52-week 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. 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 for the quarter, compared to the consensus estimate of $203.22 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was down 2.0% on a year-over-year basis. Sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 18th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Monday, August 18th. Highwoods Properties's dividend payout ratio (DPR) is currently 168.07%.

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.

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