Highwoods Properties, Inc. (NYSE:HIW) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Highwoods Properties, Inc. (NYSE:HIW) have earned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $31.00.

Several equities analysts recently issued reports on the stock. New Street Research set a $30.00 price objective on shares of Highwoods Properties in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. Truist Financial lifted their price target on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Wall Street Zen upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Morgan Stanley lifted their target price on Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, October 21st.

Institutional Investors Weigh In On Highwoods Properties

Several institutional investors have recently bought and sold shares of HIW. Norges Bank acquired a new position in shares of Highwoods Properties during the second quarter worth $43,203,000. Aew Capital Management L P grew its stake in Highwoods Properties by 95.4% during the 3rd quarter. Aew Capital Management L P now owns 2,344,571 shares of the real estate investment trust’s stock worth $74,604,000 after buying an additional 1,144,991 shares during the last quarter. GRS Advisors LLC increased its position in Highwoods Properties by 64.1% during the 3rd quarter. GRS Advisors LLC now owns 2,046,809 shares of the real estate investment trust’s stock valued at $65,129,000 after buying an additional 799,339 shares in the last quarter. Gotham Asset Management LLC raised its stake in Highwoods Properties by 88.1% in the third quarter. Gotham Asset Management LLC now owns 910,271 shares of the real estate investment trust’s stock valued at $28,965,000 after buying an additional 426,241 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in Highwoods Properties by 52.8% in the second quarter. Quantinno Capital Management LP now owns 1,040,302 shares of the real estate investment trust’s stock worth $32,343,000 after acquiring an additional 359,332 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

HIW stock opened at $25.61 on Thursday. Highwoods Properties has a 1-year low of $24.18 and a 1-year high of $32.76. The business has a 50-day moving average price of $28.20 and a 200 day moving average price of $29.92. The company has a market capitalization of $2.81 billion, a P/E ratio of 21.88 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.39 and a quick ratio of 1.39.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The business had revenue of $201.77 million for the quarter, compared to the consensus estimate of $205.74 million. During the same quarter last year, the firm posted $0.90 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. As a group, equities research analysts forecast that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.8%. Highwoods Properties’s payout ratio is presently 170.94%.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.