Highwoods Properties (NYSE:HIW) Stock Crosses Above 200-Day Moving Average – What’s Next?

Highwoods Properties, Inc. (NYSE:HIW) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $28.03 and traded as high as $29.57. Highwoods Properties shares last traded at $28.6170, with a volume of 1,684,185 shares traded.

Analysts Set New Price Targets

HIW has been the subject of a number of analyst reports. Citigroup raised their price objective on Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Morgan Stanley boosted their target price on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Mizuho set a $32.00 target price on Highwoods Properties in a research note on Tuesday, September 8th. Wells Fargo & Company raised their price target on Highwoods Properties from $26.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Finally, Weiss Ratings raised Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Highwoods Properties presently has a consensus rating of “Hold” and an average price target of $32.56.

Highwoods Properties Trading Up 0.2%

The firm’s 50 day moving average price is $31.33 and its 200-day moving average price is $28.09. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market cap of $3.21 billion, a P/E ratio of 19.13 and a beta of 1.05.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The firm had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. During the same period last year, the business earned $0.89 EPS. Highwoods Properties’s revenue was up 7.9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, equities research analysts forecast that Highwoods Properties, Inc. will post 3.55 earnings per share for the current year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.9%. Highwoods Properties’s dividend payout ratio (DPR) is presently 131.58%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Elevation Wealth Partners LLC increased its holdings in 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 worth $32,000 after buying an additional 940 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Highwoods Properties during the 2nd quarter valued at about $34,000. Allworth Financial LP bought a new position in Highwoods Properties during the 2nd quarter valued at about $38,000. State of Wyoming purchased a new stake in shares of Highwoods Properties during the 1st quarter valued at about $57,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Highwoods Properties by 201.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,386 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 1,594 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Highwoods Properties Company Profile

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in prominent business districts and serves corporate, professional-services and other commercial tenants.

Highwoods’ portfolio is concentrated in major Sun Belt and Southeast markets, including Atlanta, Charlotte, Orlando, Raleigh, Richmond, Nashville and Tampa. In addition to leasing office space, the company provides property management and related services and pursues select development and redevelopment opportunities to support its portfolio.

Founded in 1978, Highwoods Properties became a publicly traded company in 1994.