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Highwoods Properties (HIW)
NYSE:HIW
HIW Stock Chart & Stats
$23.12
-$0.05(-0.17%)
At close: 4:00 PM EST
$23.12
-$0.05(-0.17%)
Day’s Range― - ―
52-Week Range$21.56 - $32.76
Previous CloseN/A
Volume150.94K
Average Volume (3M)1.35M
Market Cap
$2.54B
Enterprise Value$5.92B
Total Cash (Recent Filing)$26.26M
Total Debt (Recent Filing)$3.40B
Price to Earnings (P/E)16.3
Beta0.77
Next Earnings
Apr 28, 2026EPS Estimate
0.34Next Dividend Ex-DateN/A
Dividend Yield7.83%
Share Statistics
EPS (TTM)0.26
Shares Outstanding109,931,100
10 Day Avg. Volume1,697,905
30 Day Avg. Volume1,345,379
Financial Highlights & Ratios
PEG Ratio-378.70
Price to Book (P/B)1.18
Price to Sales (P/S)0.00
P/FCF Ratio7.80
Enterprise Value/Market Cap2.33
Enterprise Value/Revenue7.31
Enterprise Value/Gross Profit10.89
Enterprise Value/Ebitda10.18
Forecast
1Y Price Target
$27.67Price Target Upside19.68% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)0.93
Revenue Forecast (FY)$867.68M
Bulls Say, Bears Say
Bulls Say
Stable, Strong Operating Cash FlowHighwoods shows durable operating cash generation over multiple years, with free cash flow generally tracking OCF. That steady cash flow underpins dividend coverage, funds capex and development, and provides flexibility for portfolio rotation and acquisitions even if near-term earnings are volatile.
Large, Highly Pre‑leased Development Pipeline (78%)A pre-leased pipeline materially reduces development execution risk and shortens time to stabilized cash yields. With 78% pre-leased, a large portion of future NOI is contracted, supporting medium-term occupancy and cash flow as projects deliver and helping sustain FFO once stabilized.
Disciplined Capital Recycling And Accretive Sunbelt AcquisitionsManagement is actively recycling capital into high-demand Sunbelt business districts with targeted ~8% stabilized yields, and plans dispositions to remain leverage‑neutral. This focused, yield-driven strategy can enhance portfolio quality and long-term cash returns if executed as guided.
Bears Say
Sharp Earnings Deterioration And 2025 Near‑zero Net IncomeNet income compression to near zero signals weakening profitability and raises concern about earnings quality. While cash flow remains stronger, prolonged low reported earnings limit retained earnings, reduce buffer for downturns, and complicate stakeholder confidence in sustained dividend support.
Elevated Leverage With Disposition Execution RiskMeaningful leverage reduces financial flexibility; the plan relies on timely ~$190–210M of dispositions. Failure or delay in executing sales would prolong higher interest exposure, constrain acquisition optionality, and increase refinancing or covenant risk during market stress.
Near‑term Cash Flow Pressure From Elevated Leasing Capex And Low Initial OccupancyHigher-than-normal leasing capital and upgrade spending compress free cash flow and dividend coverage in the near term. Additionally, newly acquired 600 at Legacy Union has low initial occupancy, delaying the asset's cash yield and creating temporary NOI dilution until occupancy and collections normalize.
Highwoods Properties News
HIW FAQ
What was Highwoods Properties’s price range in the past 12 months?
Highwoods Properties lowest stock price was $21.56 and its highest was $32.76 in the past 12 months.
What is Highwoods Properties’s market cap?
Highwoods Properties’s market cap is $2.54B.
When is Highwoods Properties’s upcoming earnings report date?
Highwoods Properties’s upcoming earnings report date is Apr 28, 2026 which is in 70 days.
How were Highwoods Properties’s earnings last quarter?
Highwoods Properties released its earnings results on Feb 10, 2026. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.197 by $0.063.
Is Highwoods Properties overvalued?
According to Wall Street analysts Highwoods Properties’s price is currently Undervalued.
Does Highwoods Properties pay dividends?
Highwoods Properties pays a Quarterly dividend of $0.5 which represents an annual dividend yield of 7.83%. See more information on Highwoods Properties dividends here
What is Highwoods Properties’s EPS estimate?
Highwoods Properties’s EPS estimate is 0.34.
How many shares outstanding does Highwoods Properties have?
Highwoods Properties has 109,931,100 shares outstanding.
What happened to Highwoods Properties’s price movement after its last earnings report?
Highwoods Properties reported an EPS of $0.26 in its last earnings report, beating expectations of $0.197. Following the earnings report the stock price went down -10.158%.
Which hedge fund is a major shareholder of Highwoods Properties?
Currently, no hedge funds are holding shares in HIW
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Highwoods Properties Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$27.67 (19.68% Upside)
$27.67 (19.68% Upside)
Blogger Sentiment
Bullish
HIW Sentiment 80%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 88.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 6.3%
Last 30 Days ▼ 6.3%
News Sentiment
Bearish
Bullish news 39%
Bearish news 60%
Bearish news 60%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-16.86%
12-Months-Change
Fundamentals
Return on Equity
6.73%
Trailing 12-Months
Asset Growth
4.05%
Trailing 12-Months
Company Description
Highwoods Properties
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
HIW Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a constructive long-term outlook supported by strong Sunbelt market fundamentals, outsized rent growth (net effective rents +20% vs 2024), a highly pre-leased development pipeline (78% pre-leased), and disciplined capital recycling and acquisitions expected to deliver attractive yields (~8%). Near-term challenges were clearly disclosed: temporary dilution and lower NOI from the recently acquired 600 at Legacy Union, elevated leasing capital and straight-line rent pressures weighing on near-term cash flow, and the need to execute ~$190–210M of dispositions by midyear to complete a leverage-neutral rotation. Management characterized most 2026 headwinds as temporary, with expected recovery and stronger growth in 2027 as development stabilizes and recently acquired assets reach higher occupancy.View all HIW earnings summariesHIW Stock 12 Month Forecast
Average Price Target
$27.67
▲(19.68% Upside)
Technical Analysis
Cousins Properties
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Douglas Emmett
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Kilroy Realty
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SL Green Realty
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Piedmont Office
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Ownership Overview
0.15% Insiders
33.14% Mutual Funds
21.38% Other Institutional Investors
12.48% Public Companies and
Individual Investors