Highwoods Properties (NYSE:HIW) Reaches New 1-Year Low – Here’s Why

Shares of Highwoods Properties, Inc. (NYSE:HIW) reached a new 52-week low during trading on Monday . The stock traded as low as $21.24 and last traded at $21.30, with a volume of 129545 shares trading hands. The stock had previously closed at $22.14.

Analyst Ratings Changes

HIW has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Robert W. Baird set a $29.00 price objective on Highwoods Properties in a report on Wednesday, February 25th. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Mizuho reduced their price target on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, February 24th. Finally, Wells Fargo & Company reduced their target price on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.20.

Highwoods Properties Trading Down 2.4%

The business’s 50-day simple moving average is $25.14 and its 200-day simple moving average is $27.80. The company has a market cap of $2.38 billion, a PE ratio of 14.80 and a beta of 1.07. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.51.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.58). Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.The company had revenue of $203.36 million during the quarter, compared to analyst estimates of $208.08 million. During the same period last year, the company posted $0.85 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. As a group, analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.00 annualized dividend and a dividend yield of 9.3%. Highwoods Properties’s dividend payout ratio is 136.99%.

Hedge Funds Weigh In On Highwoods Properties

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of Highwoods Properties by 88.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 372 shares during the last quarter. Bell Investment Advisors Inc boosted its position in Highwoods Properties by 921.4% during the third quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 774 shares during the period. Beacon Financial Strategies CORP acquired a new position in Highwoods Properties during the fourth quarter valued at approximately $34,000. Avalon Trust Co bought a new position in shares of Highwoods Properties in the third quarter valued at approximately $37,000. Finally, SJS Investment Consulting Inc. bought a new stake in shares of Highwoods Properties during the 3rd quarter worth $49,000. 96.31% of the stock is currently owned by institutional investors.

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.