Highwoods Properties (HIW)
NYSE:HIW
Want to see HIW full AI Analyst Report?
HIW Stock Chart & Stats
$23.56
-$0.05(-0.17%)
At close: 4:00 PM EST
$23.56
-$0.05(-0.17%)
Day’s Range― - ―
52-Week Range$20.45 - $32.76
Previous CloseN/A
Volume150.94K
Average Volume (3M)1.34M
Market Cap
$2.84B
Enterprise Value$6.48B
Total Cash (Recent Filing)$32.42M
Total Debt (Recent Filing)$3.70B
Price to Earnings (P/E)18.4
Beta0.81
Next Earnings
Jul 28, 2026EPS Estimate
0.44Next Dividend Ex-DateN/A
Dividend Yield7.83%
Share Statistics
EPS (TTM)0.84
Shares Outstanding110,272,700
10 Day Avg. Volume1,474,620
30 Day Avg. Volume1,340,929
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.18
Price to Sales (P/S)3.47
P/FCF Ratio16.81
Enterprise Value/Market Cap2.28
Enterprise Value/Revenue7.90
Enterprise Value/Gross Profit11.73
Enterprise Value/Ebitda12.19
Forecast
1Y Price Target
$26.80Price Target Upside13.75% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)1
Revenue Forecast (FY)$852.36M
Bulls Say, Bears Say
Bulls Say
Cash Generation / Free Cash FlowSustained operating cash flow and a materially improved TTM free cash flow provide durable internal funding for dividends, development completion, debt service and opportunistic repurchases. Reliable cash conversion reduces dependence on volatile capital markets over the next several quarters.
Leasing Momentum And Embedded NOIHigh leasing velocity, long average lease terms and development stabilization create predictable near-term NOI growth. As signed leases convert to occupied, recurring rent and higher net operating income should sustainably boost FFO and deleveraging over the coming 2–6 months.
Market Position In Sunbelt BBDsConcentration in high-growth Sunbelt business districts with flight-to-quality tailwinds supports durable demand and rent resilience. Limited new supply and favorable local absorption trends underpin pricing power and decrease vacancy risk across Highwoods' primary markets.
Bears Say
Elevated LeverageMaterial leverage for an office REIT constrains flexibility to pursue opportunistic acquisitions or aggressively absorb downturns. In a higher-rate or valuation-sensitive environment, refinancing risk and higher interest costs could pressure cash available for growth and dividends over the medium term.
Leased-vs-Occupied Timing GapA substantial leased-but-unoccupied gap delays conversion of signed rent into cash flow, creating execution risk. If commencements slip or sublease supply persists, expected NOI and FFO ramps may be pushed out, hindering near-term deleveraging and cash returns to shareholders.
Near-Term Dispositions And FFO Timing RiskReliance on asset sales to manage upcoming maturities and optionality creates near-term FFO timing and dilution risk. Holding proceeds for a 2027 bond payoff and anticipated disposals could mute earnings and limit redeployment flexibility until transactions are completed.
Highwoods Properties News
HIW FAQ
What was Highwoods Properties’s price range in the past 12 months?
Highwoods Properties lowest stock price was $20.45 and its highest was $32.76 in the past 12 months.
What is Highwoods Properties’s market cap?
Highwoods Properties’s market cap is $2.84B.
When is Highwoods Properties’s upcoming earnings report date?
Highwoods Properties’s upcoming earnings report date is Jul 28, 2026 which is in 68 days.
How were Highwoods Properties’s earnings last quarter?
Highwoods Properties released its earnings results on Apr 28, 2026. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.108 by $0.182.
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 0.44.
How many shares outstanding does Highwoods Properties have?
Highwoods Properties has 110,272,700 shares outstanding.
What happened to Highwoods Properties’s price movement after its last earnings report?
Highwoods Properties reported an EPS of $0.29 in its last earnings report, beating expectations of $0.108. Following the earnings report the stock price went down -4.773%.
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
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$26.80 (13.75% Upside)
$26.80 (13.75% Upside)
Blogger Sentiment
Bullish
HIW Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 199.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.5%
Last 30 Days ▼ 1.2%
Last 30 Days ▼ 1.2%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-10.04%
12-Months-Change
Fundamentals
Return on Equity
3.94%
Trailing 12-Months
Asset Growth
8.59%
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 Company Deck
HIW Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call emphasized strong leasing momentum, notable rent growth (GAAP +19.4%, cash +4.8%), significant development leasing and near-term embedded NOI growth (> $20M annual NOI), solid liquidity (> $650M) and a maintained FFO outlook. Key execution items include dispositions, potential share repurchases, and continued development stabilization. Near-term challenges are primarily timing-related: a sizeable leased-vs-occupied gap (470 bps), Q2 FFO timing/dilution from dispositions and some expense/term-fee variability. Overall, positives around leasing, portfolio quality, and balance sheet optionality materially outweigh the timing and execution risks.View all HIW earnings summariesHIW Stock 12 Month Forecast
Average Price Target
$26.80
▲(13.75% Upside)
Technical Analysis
Cousins Properties
―
Douglas Emmett
―
Kilroy Realty
―
SL Green Realty
―
Piedmont Office
―
Ownership Overview
1.31% Insiders
33.52% Mutual Funds
24.67% Other Institutional Investors
7.00% Public Companies and
Individual Investors