Highwoods Properties (NYSE:HIW) Updates FY 2026 Earnings Guidance

Highwoods Properties (NYSE:HIW) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.460-3.700 for the period, compared to the consensus earnings per share estimate of 3.530. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HIW. Truist Financial lifted their target price on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Mizuho lifted their price objective on Highwoods Properties from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Wells Fargo & Company boosted their price objective on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Morgan Stanley increased their target price on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.00.

Highwoods Properties Stock Down 0.7%

Shares of NYSE HIW traded down $0.23 during mid-day trading on Tuesday, hitting $33.62. The company had a trading volume of 1,757,854 shares, compared to its average volume of 1,559,179. The company has a market capitalization of $3.71 billion, a PE ratio of 40.02 and a beta of 1.07. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.50 and a quick ratio of 1.50. Highwoods Properties has a 1-year low of $20.45 and a 1-year high of $34.03. The business’s 50-day simple moving average is $29.68 and its 200 day simple moving average is $25.95.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.42. Highwoods Properties had a net margin of 11.64% and a return on equity of 3.97%. The company had revenue of $216.38 million during the quarter, compared to the consensus estimate of $212.15 million. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. On average, analysts predict that Highwoods Properties will post 3.53 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, August 17th. Highwoods Properties’s dividend payout ratio is currently 238.10%.

Highwoods Properties announced that its Board of Directors has initiated a share repurchase plan on Wednesday, April 22nd that permits the company to repurchase $250.00 million in 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 plans are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Highwoods Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC raised its stake in shares of Highwoods Properties by 9.9% during the fourth quarter. Corient Private Wealth LLC now owns 44,286 shares of the real estate investment trust’s stock worth $1,137,000 after purchasing an additional 3,996 shares during the last quarter. XTX Topco Ltd purchased a new position in Highwoods Properties in the 4th quarter valued at $2,017,000. Wellington Management Group LLP increased its stake in Highwoods Properties by 29.3% in the 4th quarter. Wellington Management Group LLP now owns 419,028 shares of the real estate investment trust’s stock valued at $10,819,000 after buying an additional 94,858 shares during the period. Tudor Investment Corp ET AL acquired a new position in Highwoods Properties in the 4th quarter valued at $5,631,000. Finally, Millennium Management LLC raised its position in Highwoods Properties by 18.5% during the 4th quarter. Millennium Management LLC now owns 86,845 shares of the real estate investment trust’s stock worth $2,242,000 after buying an additional 13,537 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other 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.