Highwoods Properties, Inc. (NYSE:HIW) Stock Holdings Lifted by Abich Financial Wealth Management LLC

Abich Financial Wealth Management LLC increased its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 45.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,855 shares of the real estate investment trust’s stock after purchasing an additional 580 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Highwoods Properties were worth $49,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Highwoods Properties in the fourth quarter valued at approximately $31,000. Riverview Trust Co bought a new stake in Highwoods Properties in the 1st quarter valued at $34,000. GAMMA Investing LLC bought a new stake in Highwoods Properties in the 4th quarter valued at $53,000. Pathway Financial Advisers LLC bought a new stake in Highwoods Properties in the 1st quarter valued at $107,000. Finally, Parallel Advisors LLC boosted its stake in shares of Highwoods Properties by 36.6% in the 4th quarter. Parallel Advisors LLC now owns 5,013 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 1,342 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Trading Down 2.3 %

NYSE:HIW traded down $0.72 on Friday, hitting $29.92. 820,090 shares of the stock were exchanged, compared to its average volume of 1,020,664. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 24.52 and a beta of 1.26. Highwoods Properties, Inc. has a 52 week low of $17.06 and a 52 week high of $31.58. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50-day moving average price is $26.93 and its 200 day moving average price is $25.44.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.31). The firm had revenue of $204.74 million for the quarter, compared to the consensus estimate of $205.06 million. Highwoods Properties had a return on equity of 6.33% and a net margin of 18.30%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share. On average, equities research analysts forecast that Highwoods Properties, Inc. will post 3.58 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be paid a $0.50 dividend. The ex-dividend date is Monday, August 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.68%. Highwoods Properties’s dividend payout ratio (DPR) is presently 163.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HIW shares. Robert W. Baird boosted their target price on shares of Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday. Truist Financial boosted their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Highwoods Properties from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.86.

Highwoods Properties 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.