Streetbeat News

HIW

Highwoods Properties, Inc.

https://www.highwoods.com

Industry

REIT - Office

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.

Open

31.26

Mkt cap

3.3B

Volume

895K

High

31.55

P/E Ratio

23.48

52-wk high

36.78

Low

31.11

Div yield

0.06

52-wk low

17.58

Goldman Sachs reports that the worst may be over for the commercial real estate (CRE) market, but a full recovery is still distant. While some cities like New York and San Francisco show improvements, high interest rates and structural issues in the office segment pose ongoing challenges. CRE-related ETFs and some stocks have shown mixed performance year-to-date.

Portfolio Pulse from Piero Cingari

June 28, 2024 | 7:30 pm

Shares of REIT stocks are trading higher due to a drop in Treasury yields following soft May CPI figures.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:02 pm

Deutsche Bank analyst Omotayo Okusanya maintains a Buy rating on Highwoods Properties (HIW) and raises the price target from $28 to $31.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:00 pm

Highwood Properties projects its FY24 FFO to range between $3.46 and $3.61, compared to the estimated $3.57.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:21 pm

Highwoods Properties (HIW) reported Q1 2024 FFO of $0.89 per share, meeting analyst estimates, and sales of $211.275M, exceeding expectations by 2.17%. However, this reflects a 9.18% decrease in earnings and a 0.69% decrease in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:51 pm

Numerous companies are scheduled to report their quarterly earnings on April 23, 2024, with expectations covering a wide range of performance indicators. Notable companies include RTX, MSCI, Quest Diagnostics, General Motors, Spotify Technology, PepsiCo, and Tesla, among others. The earnings reports span various industries from technology, healthcare, automotive, to consumer goods, indicating a significant day for investors to gauge corporate performance and market directions.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 10:57 am

Highwoods Properties announced the sale of non-core properties in Raleigh for a total of $79.4M, with $16.9M closed in Q1 2024 and the rest in early Q2.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:09 pm

Highwoods Properties (NYSE:HIW) has received mixed analyst ratings in the last three months, with a recent shift towards a somewhat bearish outlook. The average 12-month price target for HIW has been raised to $26.00, reflecting a 9.84% increase from the previous target. Analysts from Morgan Stanley, Baird, Truist Securities, and Deutsche Bank have updated their ratings and price targets, indicating varying expectations for HIW's performance. Financially, HIW faces revenue challenges with a -2.29% decline over 3 months but shows strong profitability and effective cost management with an impressive net margin of 18.37% and above-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 3:00 pm

Morgan Stanley analyst Ronald Kamdem has maintained an Underweight rating on Highwoods Properties (HIW) but raised the price target from $18 to $21.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:54 pm

Three high-yield REITs, SL Green Realty Corp. (SLG), Highwoods Properties Inc. (HIW), and Newlake Capital Partners Inc. (NLCP), have shown impressive total returns over the past three months, driven by factors like Fed cut hopes and strong operational performance. SLG and HIW reported mixed Q4 results but maintained strong dividend yields and FFO coverage, while NLCP, focusing on cannabis industry leases, also demonstrated robust returns and dividend growth despite its high payout ratio.

Portfolio Pulse from Kevin Vandenboss

February 13, 2024 | 3:00 pm

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