Rep. Jefferson Shreve Buys Highwoods Properties, Inc. (NYSE:HIW) Stock

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 5th. 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 trading on Friday, reaching $27.53. The company's stock had a trading volume of 623,527 shares, compared to its average volume of 914,612. Highwoods Properties, Inc. has a 12 month low of $23.92 and a 12 month high of $36.78. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 28.98 and a beta of 1.15. The firm has a 50 day moving average of $28.37 and a 200-day moving average of $30.48. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25.

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

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.26%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties's dividend payout ratio is presently 210.53%.

Institutional Investors Weigh In On Highwoods Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Highwoods Properties during the fourth quarter valued at approximately $32,727,000. Janus Henderson Group PLC boosted its holdings in Highwoods Properties by 512.9% in the 4th quarter. Janus Henderson Group PLC now owns 1,274,443 shares of the real estate investment trust's stock valued at $38,961,000 after purchasing an additional 1,066,508 shares during the period. Aew Capital Management L P purchased a new position in shares of Highwoods Properties during the 4th quarter valued at $31,250,000. Franklin Resources Inc. increased its holdings in shares of Highwoods Properties by 40.9% in the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock worth $107,155,000 after purchasing an additional 908,401 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Highwoods Properties by 20.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,265,824 shares of the real estate investment trust's stock worth $99,869,000 after buying an additional 556,828 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Jefferies Financial Group began coverage on Highwoods Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $32.00 target price on the stock. Truist Financial dropped their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Mizuho increased their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Highwoods Properties currently has a consensus rating of "Hold" and an average target price of $32.50.

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.