Highwoods Properties (HIW)
NYSE:HIW
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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)1.45M
Market Cap
$3.29B
Enterprise Value$6.55B
Total Cash (Recent Filing)$32.42M
Total Debt (Recent Filing)$3.70B
Price to Earnings (P/E)35.1
Beta0.77
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. Volume1,477,381
30 Day Avg. Volume1,454,621
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 Cap1.99
Enterprise Value/Revenue7.99
Enterprise Value/Gross Profit11.86
Enterprise Value/Ebitda12.32
Forecast
1Y Price Target
$28.33Price Target Upside20.26% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)1
Revenue Forecast (FY)$856.31M
Bulls Say, Bears Say
Bulls Say
Resilient Cash Generation And Improved FCFConsistent operating cash flow and a marked TTM free cash flow improvement give Highwoods durable internal funding for debt service, development capex, and potential buybacks. Strong cash conversion supports liquidity and reduces near-term reliance on capital markets over coming quarters.
Strong Leasing Momentum And Longer Lease TenorRobust leasing volume, longer WALE, and rising leased rates increase visibility of recurring cash flows and stabilize occupancy risk. Longer lease terms lock in rents and reduce near-term rollover exposure, supporting sustainable NOI and FFO growth as turnover converts to occupied cash flow.
Strong Liquidity And Extended Debt MaturitiesAmple liquidity and recent tenor extension lengthen refinancing windows and reduce near-term maturity pressure. This improves the company’s ability to finish developments, execute planned dispositions, and manage the 2027 bond payoff without forced asset sales, preserving strategic optionality.
Bears Say
Meaningful Leverage Constraining FlexibilityDebt levels near 1.3–1.5x equity leave limited buffer against rate shocks or property-value declines. Elevated leverage raises refinancing and covenant sensitivity, constrains capital allocation choices, and increases downside risk to FFO if occupancy or NOI weaken over the next several quarters.
Large Leased-vs-occupied Timing GapA 470bp leased-vs-occupied gap delays cash receipts and means substantial NOI is contingent on tenant move-ins. The timing mismatch exposes FFO and cash flow to execution risk from tenant scheduling, moving costs, or broader office demand lags over the next several quarters.
Reliance On Dispositions And Execution-sensitive FFO TimingNear-term plans to use asset sales to manage leverage create execution and timing risk. Dispositions can depress reported FFO and create short-term dilution while outcomes and timing of sales and redeployments remain uncertain, increasing FFO volatility into the medium term.
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 $3.29B.
When is Highwoods Properties’s upcoming earnings report date?
Highwoods Properties’s upcoming earnings report date is Jul 28, 2026 which is in 47 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
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4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$28.33 (20.26% Upside)
$28.33 (20.26% Upside)
Blogger Sentiment
Bullish
HIW Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 177.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 0.4%
Last 30 Days ▲ 0.4%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
3.21%
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., based in Raleigh, operates as an S&P MidCap 400 Index constituent. This publicly listed Real Estate Investment Trust (REIT), whose shares trade on the NYSE under the ticker HIW, focuses exclusively on office properties. Highwoods is a comprehensively integrated company, handling all aspects of its real estate portfolio from initial acquisition and development to leasing and day-to-day management. Its holdings are strategically concentrated in the prime business districts of several major U.S. cities, specifically Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, its headquarters city of 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
$28.33
▲(20.26% Upside)
Technical Analysis
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Douglas Emmett
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Piedmont Office
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Ownership Overview
1.31% Insiders
34.13% Mutual Funds
24.67% Other Institutional Investors
6.39% Public Companies and
Individual Investors