Highwoods Properties (NYSE:HIW) Issues FY 2025 Earnings Guidance

Key Points

• Highwoods Properties issued its FY 2025 earnings guidance, projecting an EPS of 3.370-3.450, slightly below the consensus estimate of 3.392.
• The company's stock recently traded at $30.25 with a market capitalization of $3.26 billion, showing a PE ratio of 18.79.
• Highwoods Properties declared a quarterly dividend of $0.50 per share, yielding 6.61%, with an associated payout ratio of 124.22%.

Highwoods Properties (NYSE:HIW - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 3.370-3.450 for the period, compared to the consensus EPS estimate of 3.392. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Mizuho raised their target price on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Truist Financial cut shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $32.00.

Highwoods Properties Stock Performance

Shares of Highwoods Properties stock traded up $0.52 on Tuesday, hitting $30.25. 1,801,546 shares of the company's stock were exchanged, compared to its average volume of 961,177. The company has a 50-day simple moving average of $30.74 and a 200-day simple moving average of $29.48. The stock has a market capitalization of $3.26 billion, a PE ratio of 18.79 and a beta of 1.21. Highwoods Properties has a 1 year low of $24.18 and a 1 year high of $36.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.50 and a current ratio of 1.50.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. Highwoods Properties had a net margin of 21.53% and a return on equity of 7.43%. As a group, equities analysts anticipate that Highwoods Properties will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 18th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.00 annualized dividend and a yield of 6.61%. Highwoods Properties's payout ratio is 124.22%.

Hedge Funds Weigh In On Highwoods Properties

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Highwoods Properties by 12.7% in the 1st quarter. Royal Bank of Canada now owns 177,942 shares of the real estate investment trust's stock worth $5,275,000 after acquiring an additional 19,998 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Highwoods Properties by 15.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 822,655 shares of the real estate investment trust's stock worth $24,383,000 after acquiring an additional 110,489 shares in the last quarter. Empowered Funds LLC raised its position in shares of Highwoods Properties by 10.4% in the 1st quarter. Empowered Funds LLC now owns 13,243 shares of the real estate investment trust's stock worth $393,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Highwoods Properties by 292.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 1,252 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Company Profile

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.

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