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

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

NYSE:HIW traded up $0.24 during mid-day trading on Friday, hitting $27.53. The stock had a trading volume of 623,527 shares, compared to its average volume of 914,011. Highwoods Properties, Inc. has a 52 week low of $23.77 and a 52 week high of $36.78. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 28.98 and a beta of 1.15. The company has a 50 day simple moving average of $28.40 and a 200-day simple moving average of $30.52.

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

Highwoods Properties Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial cut their price objective 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. StockNews.com downgraded shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 price objective for the company. Finally, Mizuho raised their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Highwoods Properties has an average rating of "Hold" and a consensus target price of $32.50.

Hedge Funds Weigh In On Highwoods Properties

Large investors have recently made changes to their positions in the business. Everhart Financial Group Inc. lifted its stake in Highwoods Properties by 42.1% during the first quarter. Everhart Financial Group Inc. now owns 16,652 shares of the real estate investment trust's stock valued at $494,000 after purchasing an additional 4,933 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Highwoods Properties by 11.7% in the first quarter. Fifth Third Bancorp now owns 9,964 shares of the real estate investment trust's stock valued at $295,000 after buying an additional 1,047 shares in the last quarter. Simon Quick Advisors LLC acquired a new stake in shares of Highwoods Properties during the 1st quarter valued at $234,000. SG Americas Securities LLC bought a new stake in shares of Highwoods Properties during the 1st quarter worth $1,045,000. Finally, GAMMA Investing LLC grew its holdings in shares of Highwoods Properties by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust's stock worth $156,000 after acquiring an additional 493 shares during the last quarter. Institutional investors own 96.31% of the company's stock.

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.

About Highwoods Properties

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.