Highwoods Properties (NYSE:HIW) Updates FY 2026 Earnings Guidance

Highwoods Properties (NYSE:HIW) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.460-3.700 for the period, compared to the consensus earnings per share estimate of 3.530. The company issued revenue guidance of -.

Highwoods Properties Stock Up 4.6%

Shares of Highwoods Properties stock traded up $1.55 on Wednesday, reaching $35.19. 1,537,347 shares of the company were exchanged, compared to its average volume of 1,557,092. The stock’s 50 day moving average price is $29.85 and its 200-day moving average price is $26.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.50 and a quick ratio of 1.50. Highwoods Properties has a 1-year low of $20.45 and a 1-year high of $35.44. The company has a market cap of $3.88 billion, a P/E ratio of 41.96 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Highwoods Properties had a net margin of 11.64% and a return on equity of 3.97%. The firm had revenue of $216.38 million during the quarter, compared to analyst estimates of $212.15 million. During the same period last year, the business earned $0.89 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, equities analysts forecast that Highwoods Properties will post 3.53 EPS for the current year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties’s dividend payout ratio is 238.10%.

Highwoods Properties declared that its board has approved a stock repurchase plan on Wednesday, April 22nd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 9.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have issued reports on HIW shares. Mizuho lifted their price target on Highwoods Properties from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Morgan Stanley increased their price objective on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Wells Fargo & Company raised their target price on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $28.00 target price on shares of Highwoods Properties in a research note on Thursday, May 14th. Finally, Truist Financial upped their price target on Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.00.

Institutional Investors Weigh In On Highwoods Properties

Large investors have recently modified their holdings of the company. Royal Bank of Canada increased its holdings 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 valued at $5,275,000 after acquiring an additional 19,998 shares during the period. Goldman Sachs Group Inc. boosted its stake in Highwoods Properties by 15.5% during 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 purchasing an additional 110,489 shares during the period. Empowered Funds LLC grew its position in Highwoods Properties by 10.4% during the 1st quarter. Empowered Funds LLC now owns 13,243 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 1,248 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Highwoods Properties by 292.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Highwoods Properties by 9.4% in the second quarter. Cetera Investment Advisers now owns 17,846 shares of the real estate investment trust’s stock valued at $555,000 after purchasing an additional 1,534 shares during the period. 96.31% of the stock is owned by institutional investors and hedge funds.

About Highwoods Properties

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.