Highwoods Properties (HIW) Stock Price, News & Analysis

Company Overview

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. Highwoods is in the work-placemaking business. We believe that by creating environments and experiences where the best and brightest can achieve together what they cannot apart, we can deliver greater value to our customers, their teammates and, in turn, our stakeholders.

Key Stats

• Today's Range: $30.91 to $31.61
• 50-Day Range: $31.40 to $36.37
• 52-Week Range: $17.58 to $36.78
• Volume: 1.08 million shs
• Average Volume: 1.19 million shs
• Market Capitalization: $3.35 billion
• P/E Ratio: 23.59
• Dividend Yield: 6.33%
• Price Target: $31.20
• Consensus Rating: Hold

Highwoods Properties Stock Analysis - MarketRank™

Highwoods Properties scored higher than 73% of companies evaluated by MarketBeat, and ranked 339th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Highwoods Properties has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Highwoods Properties has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -2.76%

Earnings Growth

Earnings for Highwoods Properties are expected to decrease by -2.76% in the coming year, from $3.62 to $3.52 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Highwoods Properties is 23.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Highwoods Properties is 23.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.55.

Price to Book Value per Share Ratio

Highwoods Properties has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.37% of the outstanding shares of Highwoods Properties have been sold short.

Short Interest Ratio / Days to Cover

Highwoods Properties has a short interest ratio ("days to cover") of 5.8.

Change versus previous month

Short interest in Highwoods Properties has recently decreased by 19.90%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Highwoods Properties is a leading dividend payer. It pays a dividend yield of 6.37%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Highwoods Properties does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Highwoods Properties is 149.25%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Highwoods Properties will have a dividend payout ratio of 56.82% next year. This indicates that Highwoods Properties will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -2.25

Percentage of Shares Shorted

4.37% of the outstanding shares of Highwoods Properties have been sold short.

Short Interest Ratio / Days to Cover

Highwoods Properties has a short interest ratio ("days to cover") of 5.8.

Change versus previous month

Short interest in Highwoods Properties has recently decreased by 19.90%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.14

News Sentiment

Highwoods Properties has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Highwoods Properties this week, compared to 5 articles on an average week.

Search Interest

4 people have searched for HIW on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

1 people have added Highwoods Properties to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Highwoods Properties insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.60% of the stock of Highwoods Properties is held by insiders.

Percentage Held by Institutions

96.31% of the stock of Highwoods Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HIW Stock Analysis - Frequently Asked Questions

How have HIW shares performed this year?

Highwoods Properties' stock was trading at $22.96 at the beginning of the year. Since then, HIW stock has increased by 37.7% and is now trading at $31.61.
View the best growth stocks for 2024 here.

How were Highwoods Properties' earnings last quarter?

Highwoods Properties, Inc. (NYSE:HIW) posted its earnings results on Tuesday, October, 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.74. The business's quarterly revenue was down 1.4% on a year-over-year basis.

Who are Highwoods Properties' major shareholders?

Top institutional shareholders of Highwoods Properties include State Street Corp (6.88%), Massachusetts Financial Services Co. MA (2.56%), Daiwa Securities Group Inc. (2.07%) and Charles Schwab Investment Management Inc. (1.94%). Insiders that own company stock include Theodore J Klinck, Jeffrey Douglas Miller, Brian M Leary and Brendan C Maiorana.
View institutional ownership trends.

How do I buy shares of Highwoods Properties?

Shares of HIW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Highwoods Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Highwoods Properties investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Intel (INTC), Chevron (CVX), Meta Platforms (META), Verizon Communications (VZ) and Tesla (TSLA).

Company Calendar

• Ex-Dividend for 9/10 Dividend: 8/19/2024
• Dividend Payable: 9/10/2024
• Last Earnings: 10/22/2024
• Ex-Dividend for 12/10 Dividend: 11/18/2024
• Today: 11/21/2024
• Dividend Payable: 12/10/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Office REITs
• Current Symbol: NYSE:HIW
• CUSIP: 43128410
• CIK: 921082
• Web: www.highwoods.com
• Phone: (919) 872-4924
• Fax: 919-872-4924
• Employees: 340
• Year Founded: 1978

Price Target and Rating

• Average Stock Price Target: $31.20
• High Stock Price Target: $35.00
• Low Stock Price Target: $21.00
• Potential Upside/Downside: -1.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.34
• Trailing P/E Ratio: 23.59
• Forward P/E Ratio: 8.73
• P/E Growth: N/A
• Net Income: $148.71 million
• Net Margins: 17.40%
• Pretax Margin: 17.75%
• Return on Equity: 6.05%
• Return on Assets: 2.40%

Debt

• Debt-to-Equity Ratio: 1.41
• Current Ratio: 1.31
• Quick Ratio: 1.31

Sales & Book Value

• Annual Sales: $827.20 million
• Price / Sales: 4.05
• Cash Flow: $4.31 per share
• Price / Cash Flow: 7.33
• Book Value: $22.04 per share
• Price / Book: 1.43

Miscellaneous

• Outstanding Shares: 106,020,000
• Free Float: 104,324,000
• Market Cap: $3.35 billion
• Optionable: Optionable
• Beta: 1.26