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HIW Highwoods Properties

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

Company profile

Ticker
HIW
Exchange
CEO
Theodore Klinck
Employees
Incorporated
Location
Fiscal year end
Former names
HIGHWOODS PROPERTIES INC
SEC CIK
IRS number
561871668

HIW stock data

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Calendar

27 Apr 21
13 Jun 21
31 Dec 21
Quarter (USD)
Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 May 21 David John Hartzell Common Stock Sell Dispose S No No 44 600 26.4K 25,163
12 May 21 David John Hartzell Common Stock Sell Dispose S No No 43.5 662 28.8K 25,763
1 Mar 21 Anne H Lloyd Common Stock Grant Aquire A No No 0 2,215 0 7,640
1 Mar 21 Gene H Anderson Common Stock Grant Aquire A No No 0 2,215 0 78,974
1 Mar 21 Charles Albert Anderson Common Stock Grant Aquire A No No 0 2,215 0 13,313
1 Mar 21 Jeffrey Douglas Miller Common Stock Sale back to company Dispose D No No 0 1,646 0 106,062
1 Mar 21 Jeffrey Douglas Miller Common Stock Payment of exercise Dispose F No No 0 3,194 0 107,708
1 Mar 21 Jeffrey Douglas Miller Common Stock Grant Aquire A No No 0 15,008 0 110,902

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

94.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 283 291 -2.7%
Opened positions 34 37 -8.1%
Closed positions 42 43 -2.3%
Increased positions 108 100 +8.0%
Reduced positions 100 121 -17.4%
13F shares
Current Prev Q Change
Total value 4.29B 3.92B +9.4%
Total shares 98.37M 99.05M -0.7%
Total puts 20.5K 22.5K -8.9%
Total calls 79.4K 139.9K -43.2%
Total put/call ratio 0.3 0.2 +60.5%
Largest owners
Shares Value Change
Vanguard 14.83M $636.85M +2.6%
BLK Blackrock 11.87M $509.79M +2.5%
CNS Cohen & Steers 7.65M $328.49M +1545.5%
FMR 5.83M $250.19M -15.0%
Victory Capital Management 5.16M $221.48M +8.4%
STT State Street 4.87M $209.32M +8.8%
GS Goldman Sachs 4.04M $173.57M +64.0%
IVZ Invesco 2.55M $109.3M -1.6%
Dimensional Fund Advisors 1.93M $82.94M -7.5%
BAM Brookfield Asset Management 1.79M $76.92M -11.3%
Largest transactions
Shares Bought/sold Change
CNS Cohen & Steers 7.65M +7.18M +1545.5%
Wellington Management 0 -2.13M EXIT
BMO Bank of Montreal 351.45K -1.92M -84.5%
GS Goldman Sachs 4.04M +1.58M +64.0%
Norges Bank 0 -1.22M EXIT
Lord, Abbett & Co. 0 -1.05M EXIT
Miller Howard Investments 1.04M +1.04M NEW
FMR 5.83M -1.03M -15.0%
Lasalle Investment Management Securities 0 -1.01M EXIT
Heitman Real Estate Securities 0 -960.17K EXIT

Financial report summary

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Management Discussion
  • Rental and other revenues were $9.0 million, or 4.7%, lower in the first quarter of 2021 as compared to 2020 primarily due to lost revenue from property dispositions and lower same property revenues, which decreased rental and other revenues by $10.3 million and $3.6 million, respectively. Same property rental and other revenues were lower primarily due to a decrease in average occupancy and lower cost recovery and parking income as a result of reduced usage of our assets because of the COVID-19 pandemic, partly offset by higher average GAAP rents per rentable square foot. These decreases were partly offset by the acquisition of our joint venture partner’s 75.0% interest in the Forum, the recognition of deferred leasing commission income that was received in connection with the acquisition and development properties placed in service, which increased rental and other revenues by $3.3 million, $1.5 million and $0.7 million, respectively. We expect rental and other revenues to be higher for the remainder of 2021 as compared to 2020 due to the acquisition of our joint venture partner’s 75.0% interest in the Forum, development properties placed in service and higher same property revenues, partly offset by lost revenue from property dispositions. Rental and other revenues, particularly same property revenues, could be adversely affected, perhaps significantly, in the event customers default on their leases, file bankruptcy and/or otherwise experience significant financial difficulty as a result of the COVID-19 pandemic or if our overall leasing and demand for office space are negatively impacted by potential changes in customer behavior, such as the continued social acceptance, desirability and perceived economic benefits of work-from-home arrangements.
Content analysis
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H.S. junior Avg
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