Highwoods Properties, Inc. (NYSE:HIW) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Highwoods Properties, with seven hold ratings and one buy rating. The average 12-month price target is $32.56, modestly above the reported $30.43 share price.
• Highwoods reported quarterly EPS of $0.85, narrowly missing the $0.86 consensus estimate, while revenue of $216.38 million exceeded expectations and rose 7.9% year over year.
• The REIT declared a quarterly dividend of $0.50, equal to $2.00 annually and a 6.6% yield. Institutional investors and hedge funds own approximately 96.3% of the stock.

Highwoods Properties, Inc. (NYSE:HIW - Get Free Report) has earned an average rating of "Hold" from the eight ratings firms that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $32.5556.

Several brokerages have recently issued reports on HIW. Truist Financial raised their target price on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, June 26th. Citigroup boosted their price target on shares of Highwoods Properties from $24.00 to $34.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. Morgan Stanley increased their price objective on shares of Highwoods Properties from $23.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, July 22nd. Wells Fargo & Company raised their price objective on shares of Highwoods Properties from $26.00 to $32.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $33.00 target price for the company. in a report on Wednesday, August 5th.

Highwoods Properties Trading Down 1.2%

HIW stock opened at $30.43 on Friday. The company has a market cap of $3.36 billion, a P/E ratio of 20.02 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 business has a fifty day moving average of $31.78 and a 200-day moving average of $27.63.

Highwoods Properties (NYSE:HIW - Get Free Report) 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, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $216.38 million for the quarter, compared to analyst estimates of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The company's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, equities research analysts expect that Highwoods Properties will post 3.55 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Monday, August 17th. Highwoods Properties's dividend payout ratio (DPR) is currently 131.58%.

Institutional Investors Weigh In On Highwoods Properties

Institutional investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC increased its holdings in Highwoods Properties by 752.0% in the second quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 940 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Highwoods Properties during the second quarter worth about $34,000. Allworth Financial LP bought a new position in Highwoods Properties during the second quarter worth about $38,000. Nykredit A S acquired a new position in shares of Highwoods Properties during the 2nd quarter worth about $66,000. Finally, Caitong International Asset Management Co. Ltd grew its position 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 worth $62,000 after buying an additional 1,594 shares during the period. 96.31% of the stock is owned by institutional investors and hedge funds.

About Highwoods Properties

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 central business districts and other prominent business locations, serving corporate, professional services, healthcare and government tenants.

Highwoods' portfolio is concentrated in selected Sun Belt markets, including Atlanta, Charlotte, Nashville, Raleigh, Richmond, Orlando and Tampa. In addition to traditional office buildings, the company has developed and owns mixed-use properties that may include retail, residential, hospitality and entertainment components.

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