Highwoods Properties (NYSE:HIW) Hits New 52-Week High – Here’s What Happened

Highwoods Properties, Inc. (NYSE:HIW)’s stock price reached a new 52-week high on Monday . The stock traded as high as $33.94 and last traded at $33.67, with a volume of 34590 shares trading hands. The stock had previously closed at $33.65.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HIW shares. Mizuho raised their price objective on Highwoods Properties from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Wells Fargo & Company increased their price objective on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Morgan Stanley boosted their target price on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $28.00 price target on shares of Highwoods Properties in a research note on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.00.

Highwoods Properties Stock Up 0.7%

The company has a debt-to-equity ratio of 1.46, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $3.74 billion, a P/E ratio of 40.32 and a beta of 1.07. The business has a 50 day moving average price of $29.52 and a 200 day moving average price of $25.90.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. The firm had revenue of $214.03 million during the quarter, compared to the consensus estimate of $209.06 million. Highwoods Properties had a return on equity of 3.97% and a net margin of 11.64%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 EPS. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. On average, analysts predict that Highwoods Properties, Inc. will post 3.53 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties’s dividend payout ratio is currently 238.10%.

Highwoods Properties announced that its board has authorized a stock repurchase plan on Wednesday, April 22nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Highwoods Properties

A number of institutional investors and hedge funds have recently bought and sold shares of HIW. Caitong International Asset Management Co. Ltd raised its stake in Highwoods Properties by 88.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 372 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Highwoods Properties by 752.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 940 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Highwoods Properties by 292.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,252 shares during the period. Farther Finance Advisors LLC raised its position in shares of Highwoods Properties by 285.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,983 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,469 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Highwoods Properties during the first quarter valued at about $57,000. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Company Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.