Highwoods Properties (NYSE:HIW) Sets New 12-Month Low – Here’s Why

Highwoods Properties, Inc. (NYSE:HIW)’s stock price reached a new 52-week low on Friday . The stock traded as low as $20.45 and last traded at $20.6030, with a volume of 983280 shares trading hands. The stock had previously closed at $21.05.

Analyst Ratings Changes

HIW has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $27.00 price target on shares of Highwoods Properties in a research note on Thursday, February 19th. Robert W. Baird set a $29.00 target price on shares of Highwoods Properties in a research report on Wednesday, February 25th. Mizuho decreased their price objective on Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Wall Street Zen upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Citigroup cut their price objective on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.78.

Highwoods Properties Trading Down 2.1%

The firm’s fifty day moving average is $23.73 and its two-hundred day moving average is $26.94. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.51. The firm has a market cap of $2.26 billion, a P/E ratio of 14.11 and a beta of 1.07.

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

Highwoods Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.7%. Highwoods Properties’s payout ratio is presently 136.99%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Inscription Capital LLC boosted its position in Highwoods Properties by 185.1% in the third quarter. Inscription Capital LLC now owns 40,370 shares of the real estate investment trust’s stock valued at $1,285,000 after buying an additional 26,211 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Highwoods Properties by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 772,326 shares of the real estate investment trust’s stock worth $24,575,000 after buying an additional 61,443 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Highwoods Properties by 3.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,302,750 shares of the real estate investment trust’s stock worth $200,554,000 after acquiring an additional 205,761 shares in the last quarter. Aew Capital Management L P grew its holdings in Highwoods Properties by 95.4% in the third quarter. Aew Capital Management L P now owns 2,344,571 shares of the real estate investment trust’s stock valued at $74,604,000 after purchasing an additional 1,144,991 shares during the period. Finally, Norges Bank acquired a new stake in Highwoods Properties in the 2nd quarter valued at $43,203,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.

About Highwoods Properties

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.