Highwoods PropertiesHIW
Market Cap: 3.25B
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 Q1 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 0 [Q4 2023] → 1 (+1) [Q1 2024]
18% more capital invested
Capital invested by funds: $2.47B [Q4 2023] → $2.91B (+$436M) [Q1 2024]
17% more call options, than puts
Call options by funds: $4.08M | Put options by funds: $3.49M
12% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 97
5% less funds holding
Funds holding: 300 [Q4 2023] → 284 (-16) [Q1 2024]
5.37% less ownership
Funds ownership: 110.64% [Q4 2023] → 105.27% (-5.37%) [Q1 2024]
33% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 48
Research analyst outlook
5 Wall Street Analysts provided 1 year price forecasts over the past 6 months
5 analyst ratings
Deutsche Bank Omotayo Okusanya | 1%upside $31 | Buy Maintained | 6 May 2024 |
Morgan Stanley Ronald Kamdem | 31%downside $21 | Underweight Maintained | 28 Mar 2024 |
Baird David Rodgers | 15%downside $26 | Neutral Maintained | 14 Feb 2024 |
Truist Securities Michael Lewis | 5%downside $29 | Buy Maintained | 13 Feb 2024 |
Deutsche Bank Omotayo Okusanya | 9%downside $28 | Buy Initiated | 30 Jan 2024 |
Financial journalist opinion
Based on 17 articles about HIW published over the past 30 days