Highwoods Properties (NYSE:HIW) Posts Quarterly Earnings Results, Hits Estimates

Highwoods Properties (NYSE:HIW) announced its earnings results on Tuesday. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85, Zacks reports. Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. Highwoods Properties updated its FY 2025 guidance to 3.260-3.440 EPS.

Highwoods Properties Trading Down 1.8 %

Shares of HIW opened at $28.52 on Thursday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 21.28 and a beta of 1.24. The stock has a fifty day moving average price of $29.96 and a two-hundred day moving average price of $31.64. Highwoods Properties has a 52-week low of $22.60 and a 52-week high of $36.78.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.01%. The ex-dividend date of this dividend is Tuesday, February 18th. Highwoods Properties’s payout ratio is 149.25%.

Wall Street Analyst Weigh In

Several research firms recently commented on HIW. Robert W. Baird upped their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their price target on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Jefferies Financial Group decreased their price objective on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Finally, Mizuho boosted their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Highwoods Properties has an average rating of “Hold” and an average target price of $30.86.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.