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HIW Stock Chart & Stats
$33.84
$0.19(0.56%)
At close: 4:00 PM EDT
$33.84
$0.19(0.56%)
Day’s Range― - ―
52-Week Range$20.45 - $35.44
Previous Close$33.85
Volume2.14M
Average Volume (3M)1.96M
Market Cap
$3.46B
Enterprise Value$7.04K
Total Cash (Recent Filing)$145.38M
Total Debt (Recent Filing)$3.52B
Price to Earnings (P/E)20.9
Beta0.71
Next Earnings
Oct 27, 2026EPS Estimate
0.2Next Dividend Ex-DateN/A
Dividend Yield6.29%
Share Statistics
EPS (TTM)1.52
Shares Outstanding110,306,210
10 Day Avg. Volume1,374,053
30 Day Avg. Volume1,960,476
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)1.18
Price to Sales (P/S)3.47
P/FCF Ratio16.81
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$31.60Price Target Upside-6.62% Downside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)1.13
Revenue Forecast (FY)$858.90M
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationHighwoods consistently converts reported earnings into cash, with TTM operating and free cash flow near historical highs and a strong cash conversion ratio. Durable FCF supports the dividend, funds development capex, and provides internal capital for dispositions or opportunistic buybacks without sole reliance on capital markets.
Embedded NOI From Development LeasingDevelopment leasing and recent stabilizations are structurally accretive: significant placed-in-service volume with high initial lease rates and modest remaining capex (~$40M) imply predictable near-term NOI and FFO upside as leases commence, improving long-term cash flow and debt coverage as occupancy catches up.
Liquidity And Extended MaturitiesSubstantial liquidity and a lengthened term loan materially reduce near-term refinancing pressure and provide optionality to manage a 2027 bond payoff, support development funding, and enable disciplined capital recycling or opportunistic repurchases, improving financial flexibility over the medium term.
Bears Say
Elevated LeverageHighwoods' historical leverage is a structural constraint for a REIT: sustained debt-to-equity in the 1.3–1.5x range raises interest and refinancing sensitivity, limits borrowing flexibility for new investment, and increases reliance on asset sales or strong operating cash flow to manage maturities and maintain ratings.
Material Revenue And Earnings DeclineA pronounced TTM revenue and profit pullback indicates underlying operating stress beyond timing issues. Lower margins and shrinking top-line reduce internal funding for growth and dividends, weaken cushion for cyclical downturns, and heighten reliance on disposition gains or development ramp to restore prior earnings levels.
Leased-vs-occupied Timing GapA large leased-versus-occupied spread creates execution risk: the company must convert signed leases into occupancy to realize cash rents and NOI. Delays or weaker commencement rates would postpone FFO benefits, complicate leverage reduction plans, and expose guidance to timing-related downside across 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 $35.44 in the past 12 months.
What is Highwoods Properties’s market cap?
Highwoods Properties’s market cap is $3.46B.
When is Highwoods Properties’s upcoming earnings report date?
Highwoods Properties’s upcoming earnings report date is Oct 27, 2026 which is in 74 days.
How were Highwoods Properties’s earnings last quarter?
Highwoods Properties released its earnings results on Jul 28, 2026. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.428 by $0.422.
Is Highwoods Properties overvalued?
According to Wall Street analysts Highwoods Properties’s price is currently Overvalued.
Does Highwoods Properties pay dividends?
Highwoods Properties pays a Quarterly dividend of $0.5 which represents an annual dividend yield of 6.29%. See more information on Highwoods Properties dividends here
What is Highwoods Properties’s EPS estimate?
Highwoods Properties’s EPS estimate is 0.2.
How many shares outstanding does Highwoods Properties have?
Highwoods Properties has 110,306,210 shares outstanding.
What happened to Highwoods Properties’s price movement after its last earnings report?
Highwoods Properties reported an EPS of $0.85 in its last earnings report, beating expectations of $0.428. Following the earnings report the stock price went up 2.259%.
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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Analyst Consensus
Hold
Average Price Target:
$31.60 (-6.62% Downside)
$31.60 (-6.62% Downside)
Blogger Sentiment
Neutral
HIW Sentiment 57%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 177.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 0.8%
Last 30 Days ▼ 0.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.13%
12-Months-Change
Fundamentals
Return on Equity
6.29%
Trailing 12-Months
Asset Growth
6.82%
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 Earnings Call
Q2 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
$31.60
▼(-6.62% Downside)
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
1.31% Insiders
34.20% Mutual Funds
8.79% Other Institutional Investors
18.26% Public Companies and
Individual Investors