Highwoods Properties (NYSE:HIW) Issues Earnings Results

Highwoods Properties (NYSE:HIW) released its earnings results on Tuesday. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01), FiscalAI reports. Highwoods Properties had a net margin of 11.64% and a return on equity of 3.97%. The business had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. During the same quarter in the previous year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Highwoods Properties updated its FY 2026 guidance to 3.460-3.700 EPS.

Highwoods Properties Price Performance

Shares of NYSE:HIW opened at $35.17 on Wednesday. The firm’s 50 day moving average is $29.85 and its two-hundred day moving average is $26.00. The firm has a market capitalization of $3.88 billion, a P/E ratio of 42.18 and a beta of 1.07. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.46. Highwoods Properties has a 52 week low of $20.45 and a 52 week high of $35.23.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be given a $0.50 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.00 annualized dividend and a yield of 5.7%. Highwoods Properties’s dividend payout ratio is 238.10%.

Highwoods Properties announced that its Board of Directors has approved a stock repurchase plan 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 reacquire up to 9.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Truist Financial upped their target price on Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $28.00 price target on shares of Highwoods Properties in a research report on Thursday, May 14th. Finally, Mizuho boosted their price objective on Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Hedge Funds Weigh In On Highwoods Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HIW. Caitong International Asset Management Co. Ltd raised its stake in Highwoods Properties by 88.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 372 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of 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 valued at $50,000 after purchasing an additional 1,252 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Highwoods Properties by 97.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,242 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,106 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Highwoods Properties by 562.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,167 shares during the period. Finally, Quarry LP grew its position in Highwoods Properties by 683.6% in the 4th quarter. Quarry LP now owns 4,098 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 3,575 shares in the last quarter. 96.31% of the stock is owned by institutional investors.

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.