Highwoods Properties (NYSE:HIW) Announces Quarterly Earnings Results, Meets Estimates

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

Highwoods Properties Price Performance

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

Highwoods Properties Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Robert W. Baird raised their price target on Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Mizuho boosted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company raised their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently 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.