Highwoods Properties (HIW) Stock Price, News & Analysis

Company Overview

Highwoods Properties, Inc. (NYSE:HIW) is a leading real estate investment trust (REIT) specializing in the ownership, development and management of office properties across primary markets in the Southeastern United States and Texas. Headquartered in Raleigh, North Carolina, the company focuses on creating vibrant business environments through high-quality, Class A office buildings, multi-tenant complexes and business parks. Since its founding in 1971, Highwoods has built a diversified portfolio of properties in major metropolitan centers including Atlanta, Charlotte, Nashville, Tampa, Orlando, Austin and Raleigh.

The company’s business activities encompass land acquisition, project design, construction and leasing, as well as comprehensive asset and property management services. Highwoods works closely with corporate, governmental and professional service tenants to deliver customized real estate solutions, integrating modern amenities, sustainable building practices and strategic locations to enhance performance and tenant satisfaction. By leveraging in-house design and construction expertise, the firm pursues value-added redevelopment and adaptive reuse projects to reposition assets in evolving markets.

Highwoods Properties has evolved through strategic acquisitions and disciplined development initiatives since its initial public offering in 1993. Over the years, the company has expanded its presence beyond the Carolinas into high-growth Sun Belt markets, capitalizing on demographic trends and robust economic activity. In March 2022, Highwoods was acquired by Prologis, Inc., reflecting the high regard for its portfolio quality and market positioning. This transaction underscored the strategic value of Highwoods’ assets and its established platform for future real estate endeavors.

The leadership team at Highwoods was spearheaded by John A. Williams, who served as Chairman, President and Chief Executive Officer, guiding the company through multiple economic cycles and growth phases. Under his stewardship, the firm emphasized disciplined capital allocation, tenant-focused service delivery and sustainable development practices. The company’s management and board were composed of seasoned real estate professionals committed to maintaining high operational standards and fostering community partnerships in the regions it serves.

Key Stats

• Today's Range: $30.66 to $31.13
• 50-Day Range: $27.72 to $31.84
• 52-Week Range: $24.19 to $36.78
• Volume: 903,817 shs
• Average Volume: 933,470 shs
• Market Capitalization: $3.35 billion
• P/E Ratio: 19.32
• Dividend Yield: 6.43%
• Price Target: $31.83
• Consensus Rating: Hold

Highwoods Properties Stock Analysis - MarketRank™

Highwoods Properties scored higher than 59% of companies evaluated by MarketBeat, and ranked 540th out of 938 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Highwoods Properties has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Highwoods Properties has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.85%

Earnings Growth

Earnings for Highwoods Properties are expected to grow by 6.85% in the coming year, from $3.36 to $3.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Highwoods Properties is 19.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Highwoods Properties is 19.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.95.

Price to Book Value per Share Ratio

Highwoods Properties has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.71% of the float of Highwoods Properties has been sold short.

Short Interest Ratio / Days to Cover

Highwoods Properties has a short interest ratio ("days to cover") of 6.5.

Change versus previous month

Short interest in Highwoods Properties has recently increased by 33.04%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Highwoods Properties is a leading dividend payer. It pays a dividend yield of 6.40%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Highwoods Properties does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Highwoods Properties is 124.22%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Highwoods Properties will have a dividend payout ratio of 55.71% next year. This indicates that Highwoods Properties will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -2.25

Percentage of Shares Shorted

5.71% of the float of Highwoods Properties has been sold short.

Short Interest Ratio / Days to Cover

Highwoods Properties has a short interest ratio ("days to cover") of 6.5.

Change versus previous month

Short interest in Highwoods Properties has recently increased by 33.04%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: 0.04

News Sentiment

Highwoods Properties has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.86 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Highwoods Properties this week, compared to 6 articles on an average week.

Search Interest

Only 3 people have searched for HIW on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Highwoods Properties insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.90% of the stock of Highwoods Properties is held by insiders.

Percentage Held by Institutions

96.31% of the stock of Highwoods Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HIW Stock Analysis - Frequently Asked Questions

How have HIW shares performed this year?

Highwoods Properties' stock was trading at $30.58 on January 1st, 2025. Since then, HIW stock has increased by 1.7% and is now trading at $31.10.
View the best growth stocks for 2025 here.

How were Highwoods Properties' earnings last quarter?

Highwoods Properties, Inc. (NYSE:HIW) released its quarterly earnings results on Tuesday, April, 29th. The real estate investment trust reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. The firm's revenue was down 5.2% compared to the same quarter last year.
Read the conference call transcript.

Who are Highwoods Properties' major shareholders?

Top institutional shareholders of Highwoods Properties include Kera Capital Partners Inc. (0.01%). Insiders that own company stock include Theodore J Klinck, Jeffrey Douglas Miller, Brian M Leary and Brendan C Maiorana.
View institutional ownership trends.

How do I buy shares of Highwoods Properties?

Shares of HIW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Highwoods Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Highwoods Properties investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Intel (INTC), Chevron (CVX), Meta Platforms (META), Verizon Communications (VZ) and Tesla (TSLA).

Company Calendar

• Last Earnings: 4/29/2025
• Record date for 6/10 Dividend: 5/19/2025
• Ex-Dividend for 6/10 Dividend: 5/19/2025
• Dividend Payable: 6/10/2025
• Today: 7/03/2025
• Next Earnings (Estimated): 7/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - OTHER
• Sub-Industry: Office REITs
• Current Symbol: NYSE:HIW
• CIK: 921082
• Web: www.highwoods.com
• Phone: (919) 872-4924
• Fax: 919-872-4924
• Employees: 340
• Year Founded: 1978

Price Target and Rating

• Average Stock Price Target: $31.83
• High Stock Price Target: $35.00
• Low Stock Price Target: $29.00
• Potential Upside/Downside: +2.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.61
• Trailing P/E Ratio: 19.32
• Forward P/E Ratio: 9.26
• P/E Growth: N/A
• Net Income: $102.25 million
• Net Margins: 21.53%
• Pretax Margin: 21.72%
• Return on Equity: 7.43%
• Return on Assets: 2.91%

Debt

• Debt-to-Equity Ratio: 1.40
• Current Ratio: 1.50
• Quick Ratio: 1.50

Sales & Book Value

• Annual Sales: $825.86 million
• Price / Sales: 4.06
• Cash Flow: $3.83 per share
• Price / Cash Flow: 8.12
• Book Value: $22.04 per share
• Price / Book: 1.41

Miscellaneous

• Outstanding Shares: 107,810,000
• Free Float: 105,763,000
• Market Cap: $3.35 billion
• Optionable: Optionable
• Beta: 1.21