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 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 Up 1.3 %

Shares of NYSE:HIW opened at $27.49 on Wednesday. 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 firm has a 50 day simple moving average of $28.47 and a 200-day simple moving average of $30.58. The company has a market capitalization of $2.96 billion, a PE ratio of 28.94 and a beta of 1.15. Highwoods Properties, Inc. has a twelve month low of $23.52 and a twelve month high of $36.78.

Highwoods Properties (NYSE:HIW) 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, equities analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is presently 210.53%.

Analyst Ratings Changes

HIW has been the topic of several research reports. Truist Financial lowered 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 report on Thursday, February 13th. Mizuho increased their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $32.00 price objective on the stock. Finally, StockNews.com cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 675 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Highwoods Properties in the fourth quarter valued at $59,000. Smartleaf Asset Management LLC raised its stake in shares of Highwoods Properties by 124.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 1,351 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Highwoods Properties by 363.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 2,331 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 327 shares in the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

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 [email protected] 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.