Highwoods Properties (NYSE:HIW) Updates 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) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.370-3.450 for the period, compared to the consensus earnings per share estimate of 3.392. The company issued revenue guidance of -.

Highwoods Properties Trading Down 1.5%

NYSE HIW traded down $0.43 during trading hours on Friday, hitting $28.58. 1,433,367 shares of the company's stock were exchanged, compared to its average volume of 880,036. The stock has a 50-day simple moving average of $30.74 and a 200 day simple moving average of $29.48. Highwoods Properties has a 1-year low of $24.18 and a 1-year high of $36.78. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 24.02 and a beta of 1.22. The company has a current ratio of 1.38, a quick ratio of 1.50 and a debt-to-equity ratio of 1.42.

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, topping the consensus estimate of $0.85 by $0.04. The business had revenue of $200.60 million for 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%. The company's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. On average, equities analysts forecast that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Monday, August 18th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 18th. This represents a $2.00 annualized dividend and a yield of 7.0%. Highwoods Properties's dividend payout ratio is presently 168.07%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HIW. Goldman Sachs Group Inc. lifted its holdings in Highwoods Properties by 15.5% during the first 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 during the period. Royal Bank of Canada lifted its holdings in Highwoods Properties by 12.7% during the first 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 during the period. Empowered Funds LLC lifted its holdings in Highwoods Properties by 10.4% during the first 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 during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Highwoods Properties by 292.5% during the first 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 during the period. Institutional investors own 96.31% of the company's stock.

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.