Analysts Set Highwoods Properties, Inc. (NYSE:HIW) PT at $27.67

Highwoods Properties, Inc. (NYSE:HIW) has received a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $27.6667.

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $27.00 price objective on shares of Highwoods Properties in a report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a report on Thursday, January 22nd. Citigroup cut their target price on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Morgan Stanley upgraded shares of Highwoods Properties from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $24.00 to $23.00 in a research note on Tuesday, March 31st.

Hedge Funds Weigh In On Highwoods Properties

Institutional investors have recently made changes to their positions in the business. Inspire Investing LLC boosted its holdings in shares of Highwoods Properties by 32.7% in the first quarter. Inspire Investing LLC now owns 24,046 shares of the real estate investment trust’s stock worth $515,000 after buying an additional 5,924 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Highwoods Properties during the first quarter valued at approximately $235,000. Aaron Wealth Advisors LLC increased its holdings in Highwoods Properties by 36.8% during the first quarter. Aaron Wealth Advisors LLC now owns 12,060 shares of the real estate investment trust’s stock valued at $258,000 after buying an additional 3,246 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Highwoods Properties in the first quarter worth approximately $1,045,000. Finally, SG Americas Securities LLC raised its position in Highwoods Properties by 269.1% in the first quarter. SG Americas Securities LLC now owns 20,437 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 14,900 shares during the period. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Up 0.9%

HIW stock opened at $23.88 on Wednesday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 16.35 and a beta of 1.05. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.41 and a quick ratio of 1.41. Highwoods Properties has a 1-year low of $20.45 and a 1-year high of $32.76. The business has a fifty day moving average price of $22.33 and a 200-day moving average price of $25.56.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.58). Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. The business had revenue of $203.36 million for the quarter, compared to analysts’ expectations of $208.08 million. During the same period last year, the business earned $0.85 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Equities analysts forecast that Highwoods Properties will post 3.55 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Monday, May 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $2.00 annualized dividend and a dividend yield of 8.4%. Highwoods Properties’s payout ratio is presently 136.99%.

Highwoods Properties declared that its Board of Directors has initiated a stock repurchase program on Wednesday, April 22nd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.