Rep. Jefferson Shreve Sells Off Shares of Highwoods Properties, Inc. (NYSE:HIW)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Highwoods Properties, Inc. NYSE: HIW. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Highwoods Properties stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Highwoods Properties Stock Down 0.0%

Shares of HIW stock traded down $0.01 during trading hours on Friday, hitting $30.22. 734,286 shares of the company were exchanged, compared to its average volume of 669,563. The business has a 50 day moving average of $30.75 and a two-hundred day moving average of $29.47. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.40. Highwoods Properties, Inc. has a 52 week low of $24.18 and a 52 week high of $36.78. The company has a market capitalization of $3.26 billion, a PE ratio of 18.77 and a beta of 1.21.

Highwoods Properties (NYSE:HIW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. Highwoods Properties had a net margin of 21.53% and a return on equity of 7.43%. The company had revenue of $200.38 million during the quarter, compared to the consensus estimate of $201.31 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The firm's revenue was down 5.2% compared to the same quarter last year. Analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 18th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend is Monday, August 18th. Highwoods Properties's dividend payout ratio is 124.22%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HIW. Mizuho raised their target price on shares of Highwoods Properties from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Wells Fargo & Company decreased 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. Wall Street Zen raised shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Truist Financial downgraded 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. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Highwoods Properties currently has an average rating of "Hold" and an average price target of $32.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Voya Investment Management LLC grew its position in shares of Highwoods Properties by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 13,033 shares of the real estate investment trust's stock valued at $386,000 after acquiring an additional 367 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Highwoods Properties by 5.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,105 shares of the real estate investment trust's stock worth $248,000 after buying an additional 383 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Highwoods Properties by 2.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,397 shares of the real estate investment trust's stock worth $456,000 after buying an additional 396 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Highwoods Properties by 5.0% during the 2nd quarter. Truist Financial Corp now owns 9,146 shares of the real estate investment trust's stock worth $284,000 after buying an additional 434 shares during the last quarter. Finally, GC Wealth Management RIA LLC lifted its stake in shares of Highwoods Properties by 4.2% during the 2nd quarter. GC Wealth Management RIA LLC now owns 12,205 shares of the real estate investment trust's stock worth $379,000 after buying an additional 489 shares during the last quarter. Institutional investors own 96.31% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Highwoods Properties Company 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.