Highwoods Properties, Inc. (NYSE:HIW) Stock Has Average Price Target of $32.56

Shares of Highwoods Properties, Inc. (NYSE:HIW) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.56.

A number of analysts have recently commented on HIW shares. 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 research note on Wednesday, August 5th. Mizuho set a $32.00 price objective on shares of Highwoods Properties in a research report on Tuesday, September 8th. Citigroup raised their target price on shares of Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley lifted their target price on shares of Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Highwoods Properties from $26.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st.

Institutional Trading of Highwoods Properties

A number of hedge funds have recently bought and sold shares of HIW. QRG Capital Management Inc. purchased a new position in shares of Highwoods Properties during the 2nd quarter worth $275,000. Sequoia Financial Advisors LLC purchased a new position in Highwoods Properties during the second quarter valued at $876,000. WINTON GROUP Ltd bought a new stake in Highwoods Properties during the second quarter valued at about $6,099,000. Integrated Wealth Concepts LLC bought a new stake in Highwoods Properties during the second quarter valued at about $34,000. Finally, Nykredit A S purchased a new stake in Highwoods Properties in the second quarter worth about $66,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Price Performance

Shares of NYSE HIW opened at $30.12 on Friday. Highwoods Properties has a twelve month low of $20.45 and a twelve month high of $35.44. The firm has a market cap of $3.32 billion, a P/E ratio of 19.82 and a beta of 1.05. The company has a 50 day moving average of $31.56 and a 200 day moving average of $27.89. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.37.

Highwoods Properties (NYSE:HIW) last issued its earnings results 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 business had revenue of $216.38 million for the quarter, compared to analysts’ expectations of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, research analysts expect that Highwoods Properties will post 3.55 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.00 annualized dividend and a dividend yield of 6.6%. Highwoods Properties’s payout ratio is presently 131.58%.

About Highwoods Properties

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in central business districts and other prominent business locations, serving corporate, professional services, healthcare and government tenants.

Highwoods’ portfolio is concentrated in selected Sun Belt markets, including Atlanta, Charlotte, Nashville, Raleigh, Richmond, Orlando and Tampa. In addition to traditional office buildings, the company has developed and owns mixed-use properties that may include retail, residential, hospitality and entertainment components.