Victory Capital Management Increases Investment in Highwoods Properties, Inc

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Victory Capital Management Inc. recently announced that it has increased its investment in Highwoods Properties ($NYSE:HIW), Inc. Highwoods Properties, Inc is a publicly traded real estate investment trust, or REIT, that specializes in the ownership and operation of office properties in the United States. The company has also made significant investments in technology, creating its own tenant engagement platform, allowing tenants to manage many of their tenant services through a single, secure application. It also has a strong balance sheet, with an investment grade credit rating of BBB+ from S&P Global Ratings.

Highwoods Properties continues to be an attractive investment option for Victory Capital Management Inc., as it provides a steady income stream and a diversified portfolio of office properties. With this additional investment from Victory Capital Management Inc., Highwoods Properties is poised for further growth and success.

Market Price

On Monday, Victory Capital Management Inc. announced that it had increased its investment in Highwoods Properties, Inc., a real estate investment trust (REIT). Following the announcement, Highwoods Properties’ stock opened at $25.3 and closed at the same price, up by 0.2% from the prior closing price of $25.2. The additional investment from Victory Capital affirms their confidence in Highwoods Properties’ ability to generate long-term value for shareholders; the company owns and operates office, industrial, and retail properties throughout the United States. This renewed investment is an important step for Highwoods Properties to continue its growth trajectory and further drive value for its investors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Highwoods Properties. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Highwoods Properties. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Highwoods Properties. More…

Key Ratios Snapshot

Some of the financial key ratios for Highwoods Properties are shown below. More…

Analysis

At GoodWhale, we have conducted a thorough analysis of HIGHWOODS PROPERTIES‘ fundamentals. Based on the Star Chart, we have classified the company as a ‘cow’, or a company with a track record of consistent and sustainable dividend payments. Investors who are looking for steady, reliable income may find HIGHWOODS PROPERTIES to be a good fit for their portfolio. However, the company has a low health score of 2/10 with regard to its cashflows and debt, which suggests that it is less likely to safely ride out any crisis without the risk of bankruptcy. In terms of its other fundamentals, HIGHWOODS PROPERTIES is strong in asset, dividend, and profitability; however, it is weak in growth. More…

Peers

The company was founded in 1992 and has since grown to become one of the largest office REITs in the United States. Highwoods owns and operates a portfolio of approximately 86 office properties totaling nearly 20 million square feet, concentrated primarily in the Sunbelt region. Highwoods’ chief competitors in the office REIT space are Piedmont Office Realty Trust Inc., Cousins Properties Inc., and Corporate Office Properties Trust. These companies are all large, publicly traded REITs with substantial portfolios of office properties across the United States.

– Piedmont Office Realty Trust Inc ($NYSE:PDM)

Piedmont Office Realty Trust, Inc. is a publicly traded real estate investment trust that owns, operates, manages, acquires, develops and redevelops high-quality, Class A office properties in select central business districts (“CBDs”) in the United States. As of March 31, 2021, the Company’s portfolio consisted of 109 properties totaling approximately 23.0 million square feet. The Company is an owner and operator of high-quality office assets in some of the most desirable locations in the United States, including Atlanta, Boston, Chicago, Dallas, Denver, Houston, Los Angeles, Minneapolis, New York, San Francisco, Seattle and Washington, D.C.

– Cousins Properties Inc ($NYSE:CUZ)

Cousins Properties Inc is a real estate investment trust that focuses on office buildings in the Sunbelt region of the United States. As of 2022, its market cap is 3.76B. The company owns and operates office buildings, hotels, and retail centers. It also has a development pipeline of office, residential, and mixed-use projects.

– Corporate Office Properties Trust ($NYSE:OFC)

Corporate Office Properties Trust is a real estate investment trust that owns, manages, and develops office properties in the United States. The company’s market cap is $2.98 billion as of 2022. Corporate Office Properties Trust is headquartered in Maryland.

Summary

Victory Capital Management Inc. has recently increased its holdings in Highwoods Properties, Inc., a real estate investment trust (REIT) that owns, develops, and operates office and industrial properties in the United States. Victory believes that investing in Highwoods is a sound decision due to the company’s strong fundamentals, such as its diversified portfolio of office and industrial properties across the US, and its solid balance sheet. The REIT also benefits from low interest rates, which will help it finance new acquisitions and developments. As a result, Victory Capital Management Inc. has deemed Highwoods a good investment to maximize returns for its clients.