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

Highwoods Properties (NYSE:HIW) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.85, Zacks reports. Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. Highwoods Properties updated its FY 2025 guidance to 3.260-3.440 EPS.

Highwoods Properties Stock Performance

Shares of NYSE HIW traded up $0.16 during midday trading on Tuesday, reaching $29.05. The company’s stock had a trading volume of 1,361,704 shares, compared to its average volume of 865,121. The stock has a market capitalization of $3.08 billion, a P/E ratio of 21.68 and a beta of 1.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50 day moving average price of $30.06 and a 200-day moving average price of $31.67. Highwoods Properties has a 12-month low of $22.60 and a 12-month high of $36.78.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 6.89%. Highwoods Properties’s dividend payout ratio (DPR) is 149.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Mizuho increased their target price on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Robert W. Baird upped their price objective on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their price target on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group lowered their price objective on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.86.

About Highwoods Properties

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.