Highwoods Properties, Inc. (NYSE:HIW) Receives Average Rating of "Hold" from Brokerages

Key Points

• Highwoods Properties, Inc. has a consensus rating of "Hold" from six research firms, with five rating the stock as hold and one as buy.
• The company's average one-year price target among brokers is $32.1667, with recent adjustments from firms like Truist Financial and Wells Fargo affecting their target prices.
• Highwoods recently declared a quarterly dividend of $0.50, with a yield of 6.3% and a dividend payout ratio of 168.07%.

Highwoods Properties, Inc. (NYSE:HIW - Get Free Report) has earned a consensus rating of "Hold" from the six analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $32.1667.

HIW has been the subject of several recent analyst reports. Mizuho lifted their price target on Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wells Fargo & Company reduced their price target on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Wall Street Zen raised shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Truist Financial upped their price target on shares of Highwoods Properties from $32.00 to $33.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd.

Highwoods Properties Stock Up 0.2%

Shares of HIW stock traded up $0.08 during mid-day trading on Tuesday, reaching $32.40. 1,009,338 shares of the company's stock traded hands, compared to its average volume of 1,055,974. Highwoods Properties has a 12 month low of $24.18 and a 12 month high of $36.78. The company has a market cap of $3.50 billion, a P/E ratio of 27.23 and a beta of 1.27. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. The company's 50-day moving average price is $30.33 and its 200-day moving average price is $29.67.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. The firm had revenue of $200.60 million during the quarter, compared to analyst estimates of $203.22 million. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.Highwoods Properties's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. On average, equities analysts expect that Highwoods Properties will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 18th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, August 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.2%. Highwoods Properties's payout ratio is 168.07%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Highwoods Properties by 1.3% in the 2nd quarter. State Street Corp now owns 6,564,027 shares of the real estate investment trust's stock worth $204,076,000 after purchasing an additional 86,506 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Highwoods Properties by 87.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust's stock worth $181,358,000 after purchasing an additional 2,852,877 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Highwoods Properties by 0.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,660,872 shares of the real estate investment trust's stock worth $108,509,000 after purchasing an additional 10,331 shares during the period. Invesco Ltd. grew its position in shares of Highwoods Properties by 15.1% during the 1st quarter. Invesco Ltd. now owns 2,959,480 shares of the real estate investment trust's stock worth $87,719,000 after buying an additional 388,332 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Highwoods Properties by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,190,938 shares of the real estate investment trust's stock worth $68,116,000 after buying an additional 8,525 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.

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.