Rep. Jefferson Shreve Buys Highwoods Properties, Inc. (NYSE:HIW) Shares

Representative Jefferson Shreve (R-Indiana) recently bought shares of Highwoods Properties, Inc. NYSE: HIW. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Highwoods Properties stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Highwoods Properties Stock Performance

Shares of NYSE:HIW traded up $0.24 during trading on Friday, hitting $27.53. The company's stock had a trading volume of 623,527 shares, compared to its average volume of 915,591. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 28.98 and a beta of 1.15. The company has a 50-day moving average of $28.37 and a 200-day moving average of $30.44. Highwoods Properties, Inc. has a 12 month low of $24.03 and a 12 month high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. On average, sell-side analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.26%. Highwoods Properties's dividend payout ratio is currently 210.53%.

Analysts Set New Price Targets

Several research firms have issued reports on HIW. StockNews.com lowered Highwoods Properties from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. Mizuho increased their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Truist Financial decreased their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Jefferies Financial Group began coverage on shares of Highwoods Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $32.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $32.50.

Institutional Investors Weigh In On Highwoods Properties

Institutional investors have recently added to or reduced their stakes in the stock. Everhart Financial Group Inc. lifted its holdings in shares of Highwoods Properties by 42.1% in the first quarter. Everhart Financial Group Inc. now owns 16,652 shares of the real estate investment trust's stock worth $494,000 after buying an additional 4,933 shares in the last quarter. Fifth Third Bancorp lifted its stake in Highwoods Properties by 11.7% in the 1st quarter. Fifth Third Bancorp now owns 9,964 shares of the real estate investment trust's stock worth $295,000 after purchasing an additional 1,047 shares in the last quarter. Simon Quick Advisors LLC bought a new position in shares of Highwoods Properties during the 1st quarter valued at about $234,000. SG Americas Securities LLC purchased a new position in shares of Highwoods Properties during the first quarter valued at about $1,045,000. Finally, GAMMA Investing LLC increased its holdings in shares of Highwoods Properties by 10.3% in the first quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust's stock worth $156,000 after purchasing an additional 493 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

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.