Brokerages Set Highwoods Properties, Inc. (NYSE:HIW) PT at $31.67

Highwoods Properties, Inc. (NYSE:HIW) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $31.6667.

A number of research firms have commented on HIW. Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Wednesday, August 5th. Morgan Stanley raised their price target on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Citigroup lifted their price target on Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Wells Fargo & Company boosted their price objective on shares of Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Finally, Weiss Ratings raised shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st.

Highwoods Properties Price Performance

Shares of HIW opened at $30.61 on Tuesday. Highwoods Properties has a fifty-two week low of $20.45 and a fifty-two week high of $35.44. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 20.14 and a beta of 1.05. The firm has a 50-day simple moving average of $31.78 and a 200-day simple moving average of $26.90. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $216.38 million during the quarter, compared to analyst estimates of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. On average, equities research analysts anticipate that Highwoods Properties will post 3.53 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.00 annualized dividend and a yield of 6.5%. Highwoods Properties’s payout ratio is presently 131.58%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HIW. Amundi boosted its stake in Highwoods Properties by 4.3% in the 2nd quarter. Amundi now owns 87,182 shares of the real estate investment trust’s stock worth $2,629,000 after buying an additional 3,600 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Highwoods Properties in the second quarter worth approximately $228,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Highwoods Properties in the second quarter valued at approximately $1,966,000. California State Teachers Retirement System grew its holdings in Highwoods Properties by 2,835.3% in the second quarter. California State Teachers Retirement System now owns 3,853,362 shares of the real estate investment trust’s stock valued at $127,764,000 after purchasing an additional 3,722,086 shares during the period. Finally, Readystate Asset Management LP acquired a new position in Highwoods Properties during the second quarter worth approximately $269,000. Hedge funds and other institutional investors 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.