Highwoods PropertiesHIW
Market Cap: $3.34B
About: Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. The majority of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.
Employees: 349
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
80% more call options, than puts
Call options by funds: $3.75M | Put options by funds: $2.09M
16% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 96
0% more funds holding
Funds holding: 291 [Q1] → 291 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 36
3% less capital invested
Capital invested by funds: $2.96B [Q1] → $2.87B (-$95.1M) [Q2]
3.96% less ownership
Funds ownership: 107.21% [Q1] → 103.25% (-3.96%) [Q2]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Baird David Rodgers 67% 1-year accuracy 4 / 6 met price target | 5%downside $30 | Neutral Maintained | 31 Jul 2024 |
Truist Securities Michael Lewis 80% 1-year accuracy 28 / 35 met price target | 5%upside $33 | Buy Maintained | 30 Jul 2024 |
Financial journalist opinion
Based on 3 articles about HIW published over the past 30 days