Highwoods Properties (HIW) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Highwoods Properties in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HIW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HIW, but not buy additional shares or sell existing shares.
View HIW analyst ratings or view top-rated stocks.

7 analysts have issued twelve-month price targets for Highwoods Properties' stock. Their HIW share price forecasts range from $23.00 to $35.00. On average, they expect the company's stock price to reach $29.71 in the next year. This suggests a possible upside of 43.7% from the stock's current price.
View analysts price targets for HIW or view top-rated stocks among Wall Street analysts.

Highwoods Properties' stock was trading at $27.98 on January 1st, 2023. Since then, HIW shares have decreased by 26.1% and is now trading at $20.68.
View the best growth stocks for 2023 here.

Highwoods Properties saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,380,000 shares, a drop of 28.1% from the April 30th total of 3,310,000 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.3% of the company's stock are short sold.
View Highwoods Properties' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our HIW earnings forecast.

Highwoods Properties, Inc. (NYSE:HIW) posted its earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. Highwoods Properties had a trailing twelve-month return on equity of 6.56% and a net margin of 19.47%. During the same quarter last year, the business posted $0.91 EPS.

Highwoods Properties announced a quarterly dividend on Thursday, April 20th. Investors of record on Monday, May 22nd will be given a dividend of $0.50 per share on Tuesday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 9.67%. The ex-dividend date of this dividend is Friday, May 19th.
Read our dividend analysis for HIW.

ETFs with the largest weight of Highwoods Properties (NYSE:HIW) stock in their portfolio include ALPS Active REIT ETF (REIT), Global X SuperDividend REIT ETF (SRET), U.S. Diversified Real Estate ETF (PPTY), Hoya Capital High Dividend Yield ETF (RIET), SPDR S&P Global Dividend ETF (WDIV), Invesco MSCI Green Building ETF (GBLD), Invesco S&P MidCap Low Volatility ETF (XMLV) and Global X Green Building ETF (GRNR).

Highwoods Properties (NYSE:HIW) pays an annual dividend of $2.00 per share and currently has a dividend yield of 9.80%. HIW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 132.45%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HIW will have a dividend payout ratio of 53.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HIW.

Highwoods Properties updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $3.68-$3.82 for the period, compared to the consensus earnings per share estimate of $3.76. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Highwoods Properties investors own include American Tower (AMT), Cisco Systems (CSCO), Bristol-Myers Squibb (BMY), NVIDIA (NVDA), AT&T (T), Pfizer (PFE), Prologis (PLD), Verizon Communications (VZ), Exxon Mobil (XOM) and Kraft Heinz (KHC).

Highwoods Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "HIW."

Highwoods Properties' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.87%), State Street Corp (6.61%), Daiwa Securities Group Inc. (2.23%), American Century Companies Inc. (1.67%), Geode Capital Management LLC (1.60%) and Charles Schwab Investment Management Inc. (1.50%). Insiders that own company stock include Brendan C Maiorana, David John Hartzell, Jeffrey Douglas Miller, Mark F Mulhern, Theodore J Klinck and Thomas P Anderson.
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Shares of HIW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HIW stock can currently be purchased for approximately $20.68.

Highwoods Properties (NYSE:HIW) has a market capitalization of $2.18 billion and generates $828.93 million in revenue each year. The real estate investment trust earns $159.06 million in net income (profit) each year or $1.51 on an earnings per share basis.

The company employs 348 workers across the globe.

Highwoods Properties' mailing address is 3100 SMOKETREE COURT SUITE 600, RALEIGH NC, 27604. The official website for the company is www.highwoods.com. The real estate investment trust can be reached via phone at (919) 872-4924, via email at brendan.maiorana@highwoods.com, or via fax at 919-872-4924.