Highwoods Properties, Inc. (HIW)

NYSE: HIW · IEX Real-Time Price · USD
21.07
-0.21 (-0.99%)
Jun 5, 2023, 1:28 PM EDT - Market open
-0.99%
Market Cap 2.32B
Revenue (ttm) 835.30M
Net Income (ttm) 160.15M
Shares Out 110.32M
EPS (ttm) 1.52
PE Ratio 13.92
Forward PE 11.19
Dividend $2.00 (9.49%)
Ex-Dividend Date May 19, 2023
Volume 383,727
Open 21.20
Previous Close 21.28
Day's Range 20.72 - 21.31
52-Week Range 19.45 - 39.09
Beta 1.12
Analysts Hold
Price Target 28.67 (+36.07%)
Earnings Date Jul 25, 2023

About HIW

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. [Read more]

Industry REIT - Office
Sector Real Estate
IPO Date Jun 7, 1994
Employees 345
Stock Exchange NYSE
Ticker Symbol HIW
Full Company Profile

Financial Performance

In 2022, HIW's revenue was $828.93 million, an increase of 7.93% compared to the previous year's $768.01 million. Earnings were $156.57 million, a decrease of -49.62%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for HIW stock is "Hold." The 12-month stock price forecast is $28.67, which is an increase of 36.07% from the latest price.

Price Target
$28.67
(36.07% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Highwoods to Present at Nareit's REITweek: 2023 Investor Conference

RALEIGH, N.C., June 01, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces Ted Klinck, President and Chief Executive Officer, will participate in a Company roundtable presentatio...

3 days ago - GlobeNewsWire

Highwoods Announces $40.2M of Non-Core Asset Sales

RALEIGH, N.C., May 31, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has sold One Independence Park, a 116,000 square foot office building in Tampa's Westshore BBD, for $19.5 million....

4 days ago - GlobeNewsWire

Office vacancy issue will 'play out over a long period of time', says Barclays' Ajay Rajadhyaksha

Ajay Rajadhyaksha, Barclays' global chairman of research, joins 'Closing Bell' to discuss the slowdown in commercial real estate and the stock market's reaction to the slowdown.

Other symbols: BXPIYRSLGVNO
1 month ago - CNBC Television
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Highwoods Announces Availability of First Quarter 2023 Results

RALEIGH, N.C., April 25, 2023 (GLOBE NEWSWIRE) --  Highwoods Properties, Inc. (NYSE:HIW) has released its first quarter 2023 results. To view the release, please visit the investors section of our web...

1 month ago - GlobeNewsWire

Highwoods Declares Quarterly Dividends

RALEIGH, N.C., April 20, 2023 (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...

1 month ago - GlobeNewsWire

Highwoods Properties Selected as 2023 Gold Level Green Lease Leader

RALEIGH, N.C., April 12, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces it has been selected as a 2023 Gold Level Green Lease Leader by the Institute for Market Transformatio...

1 month ago - GlobeNewsWire

Highwoods to Release First Quarter 2023 Results Tuesday, April 25th

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2 months ago - GlobeNewsWire

Highwoods Obtains $200M Secured Loan

RALEIGH, N.C., March 28, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces it has obtained a $200 million, 5-year secured loan provided by a life insurance company at a fixed ra...

2 months ago - GlobeNewsWire
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Highwoods Properties, High-quality Real Estate for a Discount

Private equity real estate funds, crowdfunding platforms, and syndicators all seek to justify their high fees and bonuses to investors by convincing them that only they can deliver the results they pr...

3 months ago - MarketBeat

REITS to Consider as U.S. Housing Market Tumbles

As the dust settles and markets digest a dire realization, housing markets - which seemed to be the focus for investors and home buyers alike during the 2020-2022 period - are becoming an area of peri...

Other symbols: ESSVNQ
3 months ago - MarketBeat

Highwoods Announces Availability of Fourth Quarter and Full Year 2022 Results

RALEIGH, N.C., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its fourth quarter and full year 2022 results. To view the release, please visit the investors secti...

4 months ago - GlobeNewsWire

Highwoods to Release Fourth Quarter and Full Year 2022 Results Tuesday, February 7th

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5 months ago - GlobeNewsWire

Highwoods Acquires McKinney & Olive in Uptown Dallas in 50/50 Joint Venture with Granite Properties

$197M Total Investment (at HIW Share) 557,000 Square Feet Trophy Mixed-Use Asset; 99% Leased Substantially Below-Market Rents Ideally Situated Four Blocks from 23Springs Development Project __________...

6 months ago - GlobeNewsWire
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Property Picks: Top REITs For Growth And Income

Rising rates have hit the real estate investment trust sector particularly hard over the past year. Several leading advisors and contributors to MoneyShow.com, however, have taken a contrary view on t...

Other symbols: DOCFPINSAOSTWD
6 months ago - Forbes

Highwoods and The Bromley Companies Form 50/50 Joint Venture to Develop Midtown East in Tampa

$83 Million Anticipated Total Investment (at 100%) 134,000 Square Feet $83 Million Anticipated Total Investment (at 100%) 134,000 Square Feet

6 months ago - GlobeNewsWire

20 dividend stocks with high yields that have become more attractive right now

Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset class have become more attractive as prices have fallen and cash flow i...

6 months ago - Market Watch

Highwoods Announces Availability of Third Quarter 2022 Results

RALEIGH, N.C., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its third quarter 2022 results. To view the release, please visit the investors section of our websi...

7 months ago - GlobeNewsWire

Highwoods Obtains New $200 Million Term Loan

RALEIGH, N.C., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has obtained a $200.0 million, two-year unsecured bank term loan that is scheduled to mature in October 2024. Ass...

8 months ago - GlobeNewsWire

3 Companies Growing Earnings Fast

The S&P 500 saw the earnings per share of its member companies increase by an average of 14.55% every year over the past five years ending in the first quarter of 2022. The index, which stood at 3,790...

Other symbols: AXTATCN
8 months ago - GuruFocus

Highwoods to Release Third Quarter 2022 Results Tuesday, October 25th

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8 months ago - GlobeNewsWire

Highwoods Reports No Notable Damage from Hurricane Ian

RALEIGH, N.C., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida, Georgia, North Carolina and Tennessee proper...

8 months ago - GlobeNewsWire

Curaleaf Holdings (OTC:CURLF), Blackstone (NYSE:BX) – 'Risk Free' Bonds Are Paying Historic Yields, But These 3 REITs Have Them Beat

Real estate investment trusts (REITs) can provide passive income and solid returns if timed correctly. Many investors may scratch their heads after a quick 20% drop, but it's not unusual.

Other symbols: IIPRMPW
9 months ago - Benzinga

Highwoods Closes $203 Million Acquisition of 650 South Tryon at Legacy Union in CBD Charlotte

RALEIGH, N.C., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has closed the acquisition of 650 South Tryon in the heart of Charlotte's dynamic Uptown CBD submarket for a tota...

10 months ago - GlobeNewsWire

Lincoln Harris and Goldman Sachs Asset Management Close on Sale of Legacy Union SIX50 to Highwoods Properties

CHARLOTTE, N.C. , Aug. 17, 2022 /PRNewswire/ -- Lincoln Harris, in partnership with the Real Estate business within Goldman Sachs Asset Management (Goldman Sachs), today announced they have closed on ...

Other symbols: GS
10 months ago - PRNewsWire

Highwoods Announces Availability of Second Quarter 2022 Results

RALEIGH, N.C., July 26, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its second quarter 2022 results. To view the release, please visit the investors section of our webs...

11 months ago - GlobeNewsWire