Highwoods Properties, Inc. (NYSE:HIW) Receives Average Rating of “Hold” from Brokerages

Shares of Highwoods Properties, Inc. (NYSE:HIW) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $31.6667.

HIW has been the subject of a number of recent analyst reports. Weiss Ratings raised Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Truist Financial raised their price target on Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Morgan Stanley boosted their price target on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a report on Wednesday, August 5th. Finally, Wells Fargo & Company increased their price objective on shares of Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Highwoods Properties by 88.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 372 shares during the period. Elevation Wealth Partners LLC increased its position in shares of Highwoods Properties by 752.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 940 shares during the period. Allworth Financial LP acquired a new position in shares of Highwoods Properties in the 2nd quarter valued at $38,000. Geneos Wealth Management Inc. raised its stake in Highwoods Properties by 292.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Highwoods Properties by 285.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,983 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,469 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Price Performance

Shares of HIW opened at $31.76 on Tuesday. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 20.89 and a beta of 1.05. Highwoods Properties has a twelve month low of $20.45 and a twelve month high of $35.44. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $31.57 and a two-hundred day moving average of $26.71.

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

Highwoods Properties Announces Dividend

The business 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties’s payout ratio is currently 131.58%.

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.