Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Highwoods Properties (HIW)
NYSE:HIW
Holding HIW?
Track your performance easily
HIW Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$17.06 - $33.42
Previous Close$32.71
Volume841.55K
Average Volume (3M)798.86K
Market Cap
$3.47B
Enterprise Value$6.69B
Total Cash (Recent Filing)$27.00M
Total Debt (Recent Filing)$3.19B
Price to Earnings (P/E)23.5
Beta1.29
Next Earnings
Oct 22, 2024EPS Estimate
$0.17Last Dividend Ex-Date
Aug 19, 2024Dividend Yield6.04%
Share Statistics
EPS (TTM)1.41
Shares Outstanding106,009,945
10 Day Avg. Volume529,721
30 Day Avg. Volume798,856
Standard Deviation0.09
R-Squared0.55
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.45
Price to Sales (P/S)4.23
Price to Cash Flow (P/CF)6.70
P/FCF Ratio5.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.05
Enterprise Value/Gross Profit11.84
Enterprise Value/Ebitda14.01
Forecast
1Y Price Target
$29.40Price Target Upside-11.04% Downside
Rating ConsensusHold
Number of Analyst Covering8
Highwoods Properties News
PremiumPress Releases
Highwoods Provides Leasing Update
PremiumPre-Earnings
Highwoods (HIW) Q2 Earnings Cheat Sheet
PremiumPress Releases
Highwoods Declares Quarterly DividendsBulls Say, Bears Say
Bulls Say
Development PipelineThe company's $505.6mn total development pipeline was 45.0% leased in the quarter, showing improvement from 41.0%.
Financial PerformanceHighwoods reported 2Q24 FFO/sh of $0.98, $0.08 higher than analyst estimates and the Street, primarily due to higher than expected prior-year tax refunds.
Leasing ActivityHIW continues to be one of the best-performing office REITs as the company continues to win outsized leasing share versus the broader market.
Bears Say
Forward Expiration ScheduleQuestions about the forward expiration schedule still remain.
Leasing CostsHIW had its highest leasing costs in five quarters, and the company's guidance raise of $0.045/sh was smaller than its $0.06/sh other income beat in 2Q.
OccupancyManagement noted occupancy is likely to drift down near-term but then pick back up in 2025.
---
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
HIW FAQ
What was Highwoods Properties’s price range in the past 12 months?
Highwoods Properties lowest stock price was $17.05 and its highest was $33.42 in the past 12 months.
What is Highwoods Properties’s market cap?
Currently, no data Available
When is Highwoods Properties’s upcoming earnings report date?
Highwoods Properties’s upcoming earnings report date is Oct 22, 2024 which is in 32 days.
How were Highwoods Properties’s earnings last quarter?
Highwoods Properties released its earnings results on Jul 23, 2024. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.271 by $0.319.
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 6.04%. See more information on Highwoods Properties dividends here
What is Highwoods Properties’s EPS estimate?
Highwoods Properties’s EPS estimate is $0.17.
How many shares outstanding does Highwoods Properties have?
Highwoods Properties has 106,009,950 shares outstanding.
What happened to Highwoods Properties’s price movement after its last earnings report?
Highwoods Properties reported an EPS of $0.59 in its last earnings report, beating expectations of $0.271. Following the earnings report the stock price went up 1.627%.
Which hedge fund is a major shareholder of Highwoods Properties?
Among the largest hedge funds holding Highwoods Properties’s share is Davis Selected Advisers. It holds Highwoods Properties’s shares valued at 4M.
---
Highwoods Properties Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$29.40 (-11.04% Downside)
$29.40 (-11.04% Downside)
Blogger Sentiment
Bullish
HIW Sentiment 71%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 17.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 2.7%
Last 30 Days ▲ 2.7%
Last 30 Days ▲ 2.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
55.39%
12-Months-Change
Fundamentals
Return on Equity
6.20%
Trailing 12-Months
Asset Growth
-0.93%
Trailing 12-Months
Company Description
Highwoods Properties
Highwoods Properties, Inc. operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa. The company was founded by Ronald P. Gibson in 1978 and is headquartered in Raleigh, NC.
---
HIW Earnings Call
Q2 2024
0:00 / 0:00
---
HIW Stock 12 Month Forecast
Average Price Target
$29.40
▼(-11.04% Downside)
Technical Analysis
Best Analysts Covering HIW
1 Year
1 Year Success Rate
15/25 ratings generated profit
1 Year Average Return
+10.00%
reiterated a buy rating 2 months ago
Copying Michael Lewis's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +10.00% per trade.
---