Analysts Set Highwoods Properties, Inc. (NYSE:HIW) Price Target at $27.78

Highwoods Properties, Inc. (NYSE:HIW) has been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $27.7778.

A number of research firms have recently issued reports on HIW. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $27.00 price objective on shares of Highwoods Properties in a research report on Thursday, February 19th. Wall Street Zen raised Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Monday, March 23rd. Mizuho cut their price target on Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Finally, Truist Financial decreased their price objective on Highwoods Properties from $29.00 to $23.00 and set a “hold” rating for the company in a report on Tuesday, March 17th.

Highwoods Properties Stock Up 1.8%

Highwoods Properties stock opened at $20.95 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.51. Highwoods Properties has a 12-month low of $20.45 and a 12-month high of $32.76. The firm’s fifty day moving average is $23.46 and its 200 day moving average is $26.71. The company has a market capitalization of $2.30 billion, a PE ratio of 14.35 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.58). Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.The company had revenue of $203.36 million during the quarter, compared to analyst estimates of $208.08 million. During the same quarter in the previous year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. As a group, sell-side analysts predict that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.00 annualized dividend and a yield of 9.5%. Highwoods Properties’s dividend payout ratio (DPR) is presently 136.99%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Highwoods Properties in the second quarter worth approximately $43,203,000. Aew Capital Management L P lifted its holdings in shares of Highwoods Properties by 95.4% in the third quarter. Aew Capital Management L P now owns 2,344,571 shares of the real estate investment trust’s stock valued at $74,604,000 after purchasing an additional 1,144,991 shares in the last quarter. GRS Advisors LLC boosted its position in shares of Highwoods Properties by 64.1% during the third quarter. GRS Advisors LLC now owns 2,046,809 shares of the real estate investment trust’s stock valued at $65,129,000 after buying an additional 799,339 shares during the last quarter. Bayhunt Capital LLC purchased a new position in shares of Highwoods Properties during the fourth quarter valued at approximately $13,125,000. Finally, Gotham Asset Management LLC grew its holdings in Highwoods Properties by 88.1% during the third quarter. Gotham Asset Management LLC now owns 910,271 shares of the real estate investment trust’s stock worth $28,965,000 after buying an additional 426,241 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

About Highwoods Properties

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.