Highwoods Properties, Inc. (NYSE:HIW) Receives Average Rating of “Hold” from Analysts

Highwoods Properties, Inc. (NYSE:HIW) has received an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $32.5556.

HIW has been the topic of a number of analyst reports. Weiss Ratings upgraded Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Morgan Stanley lifted their price objective on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Wells Fargo & Company boosted their target price on shares of Highwoods Properties from $26.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Citigroup boosted their target price on shares of Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Mizuho set a $32.00 target price on shares of Highwoods Properties in a report on Tuesday, September 8th.

Highwoods Properties Stock Down 3.5%

Shares of HIW opened at $29.69 on Friday. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 19.53 and a beta of 1.05. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.37. Highwoods Properties has a 12 month low of $20.45 and a 12 month high of $35.44. The company has a 50-day moving average price of $31.69 and a two-hundred day moving average price of $27.82.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The company had revenue of $216.38 million during the quarter, compared to the consensus estimate of $212.15 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Equities analysts predict that Highwoods Properties will post 3.55 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were given a $0.50 dividend. The ex-dividend date was Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a yield of 6.7%. Highwoods Properties’s payout ratio is 131.58%.

Institutional Trading of Highwoods Properties

Large investors have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC raised its stake in shares of Highwoods Properties by 752.0% in the second quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 940 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Highwoods Properties during the 2nd quarter worth approximately $34,000. Allworth Financial LP acquired a new stake in Highwoods Properties during the 2nd quarter valued at $38,000. State of Wyoming acquired a new stake in Highwoods Properties during the 1st quarter valued at $57,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Highwoods Properties by 201.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,386 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 1,594 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Highwoods Properties Company Profile

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in central business districts and other prominent business locations, serving corporate, professional services, healthcare and government tenants.

Highwoods’ portfolio is concentrated in selected Sun Belt markets, including Atlanta, Charlotte, Nashville, Raleigh, Richmond, Orlando and Tampa. In addition to traditional office buildings, the company has developed and owns mixed-use properties that may include retail, residential, hospitality and entertainment components.