Highwoods Properties (NYSE:HIW) Director Sells $138,030.00 in Stock
Highwoods Properties Director David John Hartzell sold 4,300 shares at $32.10 each, totaling $138,030, representing a 13.53% decrease in his ownership. Post-sale, he holds 27,489 shares valued at approximately $882,396.90. The transaction was disclosed to the SEC. The company's stock traded at $32.17, with a market cap of $3.48 billion and a P/E ratio of 27.03. Highwoods recently announced a quarterly dividend of $0.50 per share, yielding 6.2%. Analysts have a consensus "Hold" rating with an average price target of $32.17.
Highwoods Properties, Inc. (NYSE:HIW - Get Free Report) Director David John Hartzell sold 4,300 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $32.10, for a total value of $138,030.00. Following the transaction, the director directly owned 27,489 shares in the company, valued at $882,396.90. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
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Highwoods Properties Stock Performance
- Highwoods Properties, High-quality Real Estate for a Discount
Shares of HIW traded up $0.36 during trading hours on Thursday, reaching $32.17. 771,644 shares of the company's stock traded hands, compared to its average volume of 1,016,443. The business's fifty day simple moving average is $30.40 and its two-hundred day simple moving average is $29.72. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 27.03 and a beta of 1.27. Highwoods Properties, Inc. has a twelve month low of $24.18 and a twelve month high of $36.78. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.38 and a quick ratio of 1.38.
Highwoods Properties (NYSE:HIW - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.04. The firm had revenue of $200.60 million for the quarter, compared to analyst estimates of $203.22 million. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.Highwoods Properties's revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. Analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.
Highwoods Properties Announces Dividend
- REITS to Consider as U.S. Housing Market Tumbles
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 18th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Monday, August 18th. Highwoods Properties's payout ratio is presently 168.07%.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on HIW. Truist Financial lifted their target price on Highwoods Properties from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Mizuho lifted their price target on Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $32.17.
Check Out Our Latest Report on Highwoods Properties
Hedge Funds Weigh In On Highwoods Properties
Several institutional investors and hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC grew its stake in Highwoods Properties by 2.9% during 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in 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 valued at $248,000 after acquiring an additional 383 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings 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 valued at $456,000 after buying an additional 396 shares during the last quarter. Truist Financial Corp lifted its holdings 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 valued at $284,000 after buying an additional 434 shares during the last quarter. Finally, GC Wealth Management RIA LLC lifted its holdings 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 valued at $379,000 after buying an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company's stock.
About Highwoods Properties
(Get Free Report)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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