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

Shares of Highwoods Properties, Inc. (NYSE:HIW) have received a consensus rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $29.20.

A number of equities analysts have weighed in on the stock. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research report on Thursday, January 22nd. Mizuho dropped their price target on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Wells Fargo & Company cut their price objective on shares of Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Finally, Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Saturday.

Highwoods Properties Stock Performance

Shares of HIW opened at $22.16 on Tuesday. Highwoods Properties has a 1 year low of $21.56 and a 1 year high of $32.76. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.41 and a quick ratio of 1.41. The stock’s fifty day moving average price is $25.14 and its two-hundred day moving average price is $27.81. The firm has a market cap of $2.44 billion, a PE ratio of 15.18 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.58). Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.The firm had revenue of $203.36 million for the quarter, compared to the consensus estimate of $208.08 million. During the same quarter in the previous year, the company posted $0.85 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. On average, equities research analysts forecast that Highwoods Properties will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a $0.50 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.00 annualized dividend and a dividend yield of 9.0%. Highwoods Properties’s payout ratio is 136.99%.

Institutional Trading of Highwoods Properties

A number of institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its position 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 valued at $25,000 after buying an additional 372 shares during the period. Bell Investment Advisors Inc lifted its holdings in shares of Highwoods Properties by 921.4% in the third quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 774 shares in the last quarter. Beacon Financial Strategies CORP bought a new position in shares of Highwoods Properties in the fourth quarter valued at approximately $34,000. Avalon Trust Co bought a new position in shares of Highwoods Properties in the third quarter valued at approximately $37,000. Finally, SJS Investment Consulting Inc. purchased a new position in Highwoods Properties during the third quarter valued at approximately $49,000. 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.