Highwoods Properties (NYSE:HIW) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Highwoods Properties (NYSE:HIW) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01), FiscalAI reports. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.16%. The company had revenue of $216.38 million for the quarter, compared to analysts’ expectations of $212.15 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Highwoods Properties updated its FY 2026 guidance to 3.460-3.700 EPS.

Highwoods Properties Stock Down 3.6%

Shares of Highwoods Properties stock traded down $1.24 during trading on Thursday, hitting $33.16. 571,579 shares of the stock traded hands, compared to its average volume of 1,568,108. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.46. The stock’s fifty day simple moving average is $30.03 and its 200 day simple moving average is $26.05. The firm has a market cap of $3.66 billion, a P/E ratio of 21.92 and a beta of 1.07. Highwoods Properties has a 52-week low of $20.45 and a 52-week high of $35.44.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties’s payout ratio is currently 238.10%.

Institutional Trading of Highwoods Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of Highwoods Properties by 88.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 372 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Highwoods Properties by 292.5% in the 1st 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 in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Highwoods Properties by 97.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,242 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 1,106 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Highwoods Properties by 562.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 2,167 shares during the period. Finally, Quarry LP lifted its holdings in shares of Highwoods Properties by 683.6% in the 4th quarter. Quarry LP now owns 4,098 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 3,575 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties declared that its board has approved a stock repurchase program on Wednesday, April 22nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 9.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HIW. Morgan Stanley upped their price objective on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Wells Fargo & Company upped their price target 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. Mizuho boosted their price objective on Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Finally, Truist Financial raised their target price on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research note 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.00.

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.