Highwoods Properties (NYSE:HIW) Releases Earnings Results, Meets Expectations

Highwoods Properties (NYSE:HIW - Get Free Report) released its earnings results on Tuesday. The real estate investment trust reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85, Zacks reports. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. Highwoods Properties updated its FY 2025 guidance to 3.260-3.440 EPS.

Highwoods Properties Trading Down 0.1 %

Shares of Highwoods Properties stock traded down $0.03 during trading on Friday, hitting $29.23. The stock had a trading volume of 1,169,839 shares, compared to its average volume of 816,498. The stock has a 50 day simple moving average of $29.86 and a 200 day simple moving average of $31.62. The company has a market capitalization of $3.10 billion, a PE ratio of 21.82 and a beta of 1.24. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. Highwoods Properties has a 1 year low of $22.60 and a 1 year high of $36.78.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend is Tuesday, February 18th. Highwoods Properties's dividend payout ratio (DPR) is currently 149.25%.

Wall Street Analysts Forecast Growth

HIW has been the topic of several research analyst reports. StockNews.com cut shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Thursday. Mizuho lifted their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price objective on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Truist Financial lowered their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group lowered their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $30.71.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded NYSE: HIW, fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.