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

Highwoods Properties (NYSE:HIW) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.85 EPS 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 HIW traded up $0.16 during mid-day trading on Tuesday, hitting $29.05. The stock had a trading volume of 1,361,704 shares, compared to its average volume of 865,121. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. Highwoods Properties has a 52 week low of $22.60 and a 52 week high of $36.78. The firm has a market cap of $3.08 billion, a P/E ratio of 21.68 and a beta of 1.24. The business has a fifty day moving average price of $30.06 and a 200-day moving average price of $31.67.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.89%. Highwoods Properties’s dividend payout ratio (DPR) is currently 149.25%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Robert W. Baird lifted their target price on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their target price on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Mizuho boosted their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.