Highwoods Properties, Inc. (NYSE:HIW) Given Average Recommendation of “Hold” by Brokerages

Shares of Highwoods Properties, Inc. (NYSE:HIW) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $31.6667.

Several analysts recently weighed in on HIW shares. Weiss Ratings upgraded Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Mizuho raised their target price on shares of Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Wednesday, August 5th. Citigroup upped their price target on shares of Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company increased their price objective on shares of Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st.

Highwoods Properties Stock Up 1.1%

Shares of NYSE HIW opened at $31.76 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 20.89 and a beta of 1.05. The stock has a 50 day moving average price of $31.57 and a 200 day moving average price of $26.71. Highwoods Properties has a 52-week low of $20.45 and a 52-week high of $35.44.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $216.38 million for the quarter, compared to analysts’ expectations of $212.15 million. Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Sell-side analysts expect that Highwoods Properties will post 3.53 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a yield of 6.3%. Highwoods Properties’s dividend payout ratio is currently 131.58%.

Institutional Trading of Highwoods Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its position in shares of Highwoods Properties by 2,835.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,853,362 shares of the real estate investment trust’s stock worth $127,764,000 after acquiring an additional 3,722,086 shares in the last quarter. Readystate Asset Management LP bought a new stake in Highwoods Properties during the second quarter valued at about $269,000. Syon Capital LLC purchased a new position in Highwoods Properties in the second quarter valued at about $688,000. Nykredit A S purchased a new position in Highwoods Properties in the second quarter valued at about $66,000. Finally, Two Sigma Securities LLC bought a new position in Highwoods Properties in the second quarter worth about $227,000. Institutional investors own 96.31% of the company’s stock.

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.