Highwoods Properties, Inc. (HIW)

NYSE: HIW · Real-Time Price · USD
31.61
+0.15 (0.48%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.48%
Market Cap 3.42B
Revenue (ttm) 829.29M
Net Income (ttm) 141.49M
Shares Out 108.17M
EPS (ttm) 1.34
PE Ratio 23.65
Forward PE 52.40
Dividend $2.00 (6.33%)
Ex-Dividend Date Nov 18, 2024
Volume 1,076,491
Open 31.22
Previous Close 31.46
Day's Range 30.91 - 31.61
52-Week Range 17.58 - 36.78
Beta 1.28
Analysts Hold
Price Target 31.20 (-1.3%)
Earnings Date Oct 22, 2024

About HIW

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 ou... [Read more]

Industry REIT - Office
Sector Real Estate
IPO Date Jun 7, 1994
Employees 349
Stock Exchange NYSE
Ticker Symbol HIW
Full Company Profile

Financial Performance

In 2023, Highwoods Properties's revenue was $835.10 million, an increase of 0.56% compared to the previous year's $830.46 million. Earnings were $146.23 million, a decrease of -6.61%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for HIW stock is "Hold." The 12-month stock price forecast is $31.2, which is a decrease of -1.30% from the latest price.

Price Target
$31.2
(-1.30% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Highwoods Properties, Inc. (HIW) Q3 2024 Earnings Call Transcript

Highwoods Properties, Inc. (NYSE:HIW) Q3 2024 Earnings Conference Call October 23, 2024 11:00 AM ET Company Participants Hannah True - Manager, Finance and Corporate Strategy Ted Klinck - President &...

4 weeks ago - Seeking Alpha

Highwoods Announces Availability of Third Quarter 2024 Results

RALEIGH, N.C., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its third quarter 2024 results. To view the release, please visit the investors section of our websi...

4 weeks ago - GlobeNewsWire

Highwoods Properties: Resilient REIT That Offers Long-Term Upside As Leasing Activity Ramps Up

Highwoods Properties offers solid upside potential due to strong leasing activity, a healthy balance sheet, and attractive Sun Belt market exposure. Despite recent price appreciation, HIW's valuation ...

4 weeks ago - Seeking Alpha

Highwoods Declares Quarterly Dividends

RALEIGH, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ...

4 weeks ago - GlobeNewsWire

Highwoods Reports No Notable Damage from Hurricane Milton

RALEIGH, N.C., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida properties that its buildings have not sustai...

5 weeks ago - GlobeNewsWire

Highwoods to Release Third Quarter 2024 Results Tuesday, October 22nd

Conference Call Wednesday, October 23 rd , at 11:00 A.M.

7 weeks ago - GlobeNewsWire

Highwoods Reports No Notable Damage from Hurricane Helene

RALEIGH, N.C., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida, Georgia, North Carolina and Tennessee prope...

7 weeks ago - GlobeNewsWire

Raise Cash And Sell Trash

As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessio...

2 months ago - Seeking Alpha

Two Dividend-Yielding REITs With Solid Upside Potential

REITs are attractive for income investors due to their high dividend payouts, and office REITs, in particular, offer solid long-term upside as office activity could see an increase in 2025/2026. Kilro...

2 months ago - Seeking Alpha

Highwoods Provides Leasing Update

2 nd Gen Leasing Activity Continues to be Strong 738,000 SF of Leases Signed to Date in Third Quarter Includes over 400,000 SF of New Leases

2 months ago - GlobeNewsWire

Highwoods Properties: Once A Strong Buy, Now A Hold

Highwoods Properties has delivered a strong return of 34% since our Strong Buy recommendation, but we are now downgrading it to a "Hold". The company's fundamentals remain solid with high occupancy an...

2 months ago - Seeking Alpha

REIT Fantasy Football: 11 Companies To Start Your Team

Like football, REIT investing is about gaining control of real estate. REITs are becoming more attractive to income investors as inflation remains below average REIT yield and interest rates fall. Wit...

3 months ago - Seeking Alpha

Cash Cows: 9 High-Yield REITs With Safe Dividends

High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REI...

Other symbols: APLEBHRBNLBXPCIODOCEPR
3 months ago - Seeking Alpha

Highwoods Properties: A 6.5% Yield Isn't Enticing Enough Even After A Good Q2

Highwoods Properties Inc focuses on suburban sunbelt properties, experiencing faster NOI growth. Q2'24 results showed good leasing progress, with increased SPNOI growth and raised FFO outlook. Despite...

4 months ago - Seeking Alpha

Highwoods Properties, Inc. (HIW) Q2 2024 Earnings Call Transcript

Highwoods Properties, Inc. (NYSE:HIW) Q2 2024 Earnings Conference Call July 24, 2024 11:00 AM ET Company Participants Hannah True - Manager, Finance and Corporate Strategy Ted Klinck - President and ...

4 months ago - Seeking Alpha

Highwoods Announces Availability of Second Quarter 2024 Results

RALEIGH, N.C., July 23, 2024 (GLOBE NEWSWIRE) --  Highwoods Properties, Inc. (NYSE:HIW) has released its second quarter 2024 results. To view the release, please visit the investors section of our web...

4 months ago - GlobeNewsWire

Looking For Income Now? Consider These 2 Sun Belt REITs

Age is a key factor when choosing between income now vs later. In my opinion older investors should focus on immediate income. Highwoods Properties offers a 7.2% yield with potential for capital appre...

Other symbols: CUZ
4 months ago - Seeking Alpha

Picking A Winner In High-Yield REITs

REIT yields are high due to sell-off in 2022 and 2023, but REIT prices may rise if the Fed cuts rates in September as expected. Dividend safety is crucial when investing in high-yielding REITs, to avo...

4 months ago - Seeking Alpha

Highwoods Properties Offers A Nice Yield At A Reasonable Price

Highwoods Properties is an office REIT operating in the southern US, focusing on high-quality workplaces in valuable business districts. The company has a simple balance sheet with assets mainly from ...

4 months ago - Seeking Alpha

Highwoods to Release Second Quarter 2024 Results Tuesday, July 23rd

RALEIGH, N.C., July 02, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its second quarter 2024 results on Tuesday, July 23rd, after the market closes.

5 months ago - GlobeNewsWire

Equity REITs: Takeaways From REITWeek 2024

Overall positive outlook for REIT industry with decline in development activity, potential for increased transaction market activity, and well-capitalized REITs poised for growth. Key themes from REIT...

Other symbols: AHRAMHAMTBRXBXPCCICOLD
5 months ago - Seeking Alpha

5 Roughed-Up REITs With 11%+ Average Yields

I love the economics of real estate. But a landlord I'm not.

Other symbols: GMREGOODOUTUNIT
5 months ago - Forbes

Highwoods to Present at Nareit's REITweek: 2024 Investor Conference

RALEIGH, N.C., May 30, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces Ted Klinck, President and Chief Executive Officer, will participate in a Company roundtable presentation...

6 months ago - GlobeNewsWire

Highwoods Publishes 2023 Corporate Resiliency Report

RALEIGH, N.C., May 13, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE: HIW) has published its 2023 Corporate Resiliency Report, which highlights the Company's Environmental, Social and Gove...

6 months ago - GlobeNewsWire

Highwoods Properties: Long-Term Investors Should Consider This Near 8% Yielding REIT

Highwoods Properties offers a near 8% dividend yield that is currently well-covered by FFO & CAD, making it an attractive investment opportunity. The company's high-quality properties in fast-growing ...

7 months ago - Seeking Alpha