Highwoods Properties (NYSE:HIW) Hits New 1-Year Low – Time to Sell?

Highwoods Properties, Inc. (NYSE:HIW) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.11 and last traded at $21.2150, with a volume of 118033 shares traded. The stock had previously closed at $21.59.

Analyst Ratings Changes

HIW has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research report on Thursday, January 22nd. Truist Financial dropped their target price on shares of Highwoods Properties from $29.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $27.00 price target on shares of Highwoods Properties in a report on Thursday, February 19th. Citigroup lowered their price target on Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Finally, Robert W. Baird set a $29.00 price objective on Highwoods Properties in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Highwoods Properties has a consensus rating of “Hold” and a consensus target price of $27.78.

Highwoods Properties Stock Performance

The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 14.43 and a beta of 1.07. The company’s fifty day simple moving average is $24.33 and its 200 day simple moving average is $27.30. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.51.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.58). Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.The company had revenue of $203.36 million for the quarter, compared to analyst estimates of $208.08 million. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. On average, equities research analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.5%. Highwoods Properties’s dividend payout ratio (DPR) is 136.99%.

Institutional Trading of Highwoods Properties

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Highwoods Properties in the 2nd quarter valued at about $43,203,000. Aew Capital Management L P boosted its position in shares of Highwoods Properties by 95.4% during the 3rd quarter. Aew Capital Management L P now owns 2,344,571 shares of the real estate investment trust’s stock worth $74,604,000 after acquiring an additional 1,144,991 shares in the last quarter. GRS Advisors LLC boosted its position in shares of Highwoods Properties by 64.1% during the 3rd quarter. GRS Advisors LLC now owns 2,046,809 shares of the real estate investment trust’s stock worth $65,129,000 after acquiring an additional 799,339 shares in the last quarter. Bayhunt Capital LLC bought a new position in Highwoods Properties in the fourth quarter valued at approximately $13,125,000. Finally, Gotham Asset Management LLC raised its position in Highwoods Properties by 88.1% during the third quarter. Gotham Asset Management LLC now owns 910,271 shares of the real estate investment trust’s stock valued at $28,965,000 after purchasing an additional 426,241 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Company Profile

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.