Highwoods Properties (NYSE:HIW) Announces Quarterly Earnings Results, Misses Expectations By $0.58 EPS

Highwoods Properties (NYSE:HIW) issued its earnings results on Tuesday. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.58), FiscalAI reports. The firm had revenue of $203.36 million for the quarter, compared to analysts’ expectations of $208.08 million. Highwoods Properties had a return on equity of 5.48% and a net margin of 15.98%.Highwoods Properties’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Highwoods Properties updated its FY 2026 guidance to 3.400-3.680 EPS.

Highwoods Properties Stock Up 0.6%

Shares of NYSE:HIW opened at $25.95 on Wednesday. The firm has a 50 day simple moving average of $26.17 and a 200-day simple moving average of $28.58. Highwoods Properties has a twelve month low of $24.18 and a twelve month high of $32.76. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $2.85 billion, a PE ratio of 22.18 and a beta of 1.06.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.7%. The ex-dividend date is Tuesday, February 17th. Highwoods Properties’s dividend payout ratio is currently 170.94%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Highwoods Properties by 12.7% in the 1st quarter. Royal Bank of Canada now owns 177,942 shares of the real estate investment trust’s stock valued at $5,275,000 after buying an additional 19,998 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Highwoods Properties by 15.5% in the first quarter. Goldman Sachs Group Inc. now owns 822,655 shares of the real estate investment trust’s stock valued at $24,383,000 after acquiring an additional 110,489 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Highwoods Properties by 10.4% during the first quarter. Empowered Funds LLC now owns 13,243 shares of the real estate investment trust’s stock worth $393,000 after acquiring an additional 1,248 shares during the period. Geneos Wealth Management Inc. raised its holdings in Highwoods Properties by 292.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Highwoods Properties by 9.4% in the second quarter. Cetera Investment Advisers now owns 17,846 shares of the real estate investment trust’s stock valued at $555,000 after purchasing an additional 1,534 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Morgan Stanley upped their price objective on Highwoods Properties from $23.00 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company decreased their target price on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft raised Highwoods Properties from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Highwoods Properties currently has a consensus rating of “Hold” and a consensus target price of $30.75.

Highwoods Properties Company Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.