Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (ÂREITÂ) 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.
IPO Year: 1994
Exchange: NYSE
Website: highwoods.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/1/2024 | $35.00 | Buy → Hold | Deutsche Bank |
| 1/30/2024 | $28.00 | Buy | Deutsche Bank |
| 12/21/2023 | $22.00 → $18.00 | Equal-Weight → Underweight | Morgan Stanley |
| 11/13/2023 | $29.00 → $20.00 | Buy → Neutral | BofA Securities |
| 8/30/2023 | $27.00 → $22.00 | Overweight → Equal Weight | Wells Fargo |
| 3/9/2023 | $29.00 → $26.00 | Overweight → Equal-Weight | Morgan Stanley |
| 10/10/2022 | $31.00 | Outperform → Neutral | Robert W. Baird |
| 6/30/2022 | $46.00 → $35.00 | Buy → Hold | Jefferies |
| 6/23/2022 | $34.00 | Neutral | Credit Suisse |
| 4/22/2022 | $46.00 | Neutral | Mizuho |
RALEIGH, N.C., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its third quarter 2024 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link: HIW Reports Third Quarter 2024 Results About HighwoodsHighwoods 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. Highwoods is in the work-placemaking business. W
RALEIGH, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended September 30, 2024, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on December 10, 2024 to all holders of record as of November 18, 2024. The Board also declared a cash dividend of $21.5625 per share of the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on December 2, 2024 which is the next regularly scheduled dividend payment date, to all holders of record as of November 15, 2024. About H
RALEIGH, N.C., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida properties that its buildings have not sustained any notable damage. Ted Klinck, President and CEO, stated, "We are fortunate that all members of the Highwoods family in Orlando and Tampa are safe from this most recent storm. Our team once again did terrific work preparing for the hurricane and we are thankful to have fared so well. Our thoughts and prayers continue to be with all those who have been hit hard by both Hurricane Helene and Hurricane Milton and need support from our greater community." About Highwoods Highwoods Propertie
Conference CallWednesday, October 23rd, at 11:00 A.M. RALEIGH, N.C., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its third quarter 2024 results on Tuesday, October 22nd, after the market closes. A conference call will be held the next day, Wednesday, October 23rd, at 11:00 A.M. Eastern time. For US/Canada callers, dial (833) 470-1428 and enter access code 628980. International callers should dial (404) 975-4839 and enter the same passcode. A live, listen-only webcast can be accessed on the Company's website at www.highwoods.com through the "Highwoods Properties Q3 Earnings Call" link under the "Investors" section. A replay of the call will also b
RALEIGH, N.C., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida, Georgia, North Carolina and Tennessee properties that its buildings have not sustained any notable damage. Ted Klinck, President and CEO stated, "We are fortunate all members of the Highwoods family are safe. Our team did terrific work preparing for the hurricane and we are thankful to have fared so well. Our thoughts and prayers are with all those who have been hit hard by this storm and need support from our greater community." About Highwoods Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), f
2nd Gen Leasing Activity Continues to be Strong738,000 SF of Leases Signed to Date in Third QuarterIncludes over 400,000 SF of New Leases RALEIGH, N.C., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announced it has signed 738,000 square feet of second generation leases since July 1, 2024, including over 400,000 square feet of new leases. Included in the quarterly activity is a long-term lease for 104,000 square feet at Two Alliance Center in Atlanta's Buckhead BBD with a new customer for Highwoods. The lease, which is expected to commence in 2026, will backfill a significant portion of a customer who vacated the building in the third quarter of 2024. Ted
RALEIGH, N.C., July 23, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its second quarter 2024 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link: HIW Reports Second Quarter 2024 Results About HighwoodsHighwoods 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. Highwoods is in the work-placemaking
RALEIGH, N.C., July 17, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended June 30, 2024, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on September 10, 2024 to all holders of record as of August 19, 2024. The Board also declared a cash dividend of $21.5625 per share of the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on September 3, 2024 which is the next regularly scheduled dividend payment date, to all holders of record as of August 15, 2024. About HighwoodsHighwoo
RALEIGH, N.C., July 02, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its second quarter 2024 results on Tuesday, July 23rd, after the market closes. A conference call will be held the next day, Wednesday, July 24th, at 11:00 A.M. Eastern time. For US/Canada callers, dial (833) 470-1428 and enter access code 794414. International callers should dial (929) 526-1599 and enter the same passcode. A live, listen-only webcast can be accessed on the Company's website at www.highwoods.com through the "Highwoods Properties Q2 Earnings Call" link under the "Investors" section. A replay of the call will also be available on the Company's website. About Highwoods
RALEIGH, N.C., May 13, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has published its 2023 Corporate Resiliency Report, which highlights the Company's Environmental, Social and Governance initiatives. A copy of the report can be accessed by clicking on the link below and on the Company's website at www.highwoods.com/sustainability. 2023 Corporate Resiliency Report | Highwoods In 2023, our continued efforts to advance our ESG and resiliency strategy have earned us: GRESB: A Green Star rating for the fourth consecutive year and continued year-over-year performance improvement;Sustainalytics: A "Low ESG Risk Profile" ranking;MSCI: An A rating, one of the highest rat
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RALEIGH, N.C., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its third quarter 2024 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link: HIW Reports Third Quarter 2024 Results About HighwoodsHighwoods 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. Highwoods is in the work-placemaking business. W
RALEIGH, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended September 30, 2024, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on December 10, 2024 to all holders of record as of November 18, 2024. The Board also declared a cash dividend of $21.5625 per share of the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on December 2, 2024 which is the next regularly scheduled dividend payment date, to all holders of record as of November 15, 2024. About H
RALEIGH, N.C., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida properties that its buildings have not sustained any notable damage. Ted Klinck, President and CEO, stated, "We are fortunate that all members of the Highwoods family in Orlando and Tampa are safe from this most recent storm. Our team once again did terrific work preparing for the hurricane and we are thankful to have fared so well. Our thoughts and prayers continue to be with all those who have been hit hard by both Hurricane Helene and Hurricane Milton and need support from our greater community." About Highwoods Highwoods Propertie
Conference CallWednesday, October 23rd, at 11:00 A.M. RALEIGH, N.C., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its third quarter 2024 results on Tuesday, October 22nd, after the market closes. A conference call will be held the next day, Wednesday, October 23rd, at 11:00 A.M. Eastern time. For US/Canada callers, dial (833) 470-1428 and enter access code 628980. International callers should dial (404) 975-4839 and enter the same passcode. A live, listen-only webcast can be accessed on the Company's website at www.highwoods.com through the "Highwoods Properties Q3 Earnings Call" link under the "Investors" section. A replay of the call will also b
RALEIGH, N.C., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida, Georgia, North Carolina and Tennessee properties that its buildings have not sustained any notable damage. Ted Klinck, President and CEO stated, "We are fortunate all members of the Highwoods family are safe. Our team did terrific work preparing for the hurricane and we are thankful to have fared so well. Our thoughts and prayers are with all those who have been hit hard by this storm and need support from our greater community." About Highwoods Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), f
2nd Gen Leasing Activity Continues to be Strong738,000 SF of Leases Signed to Date in Third QuarterIncludes over 400,000 SF of New Leases RALEIGH, N.C., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announced it has signed 738,000 square feet of second generation leases since July 1, 2024, including over 400,000 square feet of new leases. Included in the quarterly activity is a long-term lease for 104,000 square feet at Two Alliance Center in Atlanta's Buckhead BBD with a new customer for Highwoods. The lease, which is expected to commence in 2026, will backfill a significant portion of a customer who vacated the building in the third quarter of 2024. Ted
RALEIGH, N.C., July 23, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has released its second quarter 2024 results. To view the release, please visit the investors section of our website at www.highwoods.com or click on the following link: HIW Reports Second Quarter 2024 Results About HighwoodsHighwoods 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. Highwoods is in the work-placemaking
RALEIGH, N.C., July 17, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors has declared a cash dividend of $0.50 per share of common stock for the quarter ended June 30, 2024, which equates to an annualized dividend of $2.00 per share. This quarterly dividend is payable on September 10, 2024 to all holders of record as of August 19, 2024. The Board also declared a cash dividend of $21.5625 per share of the Company's 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on September 3, 2024 which is the next regularly scheduled dividend payment date, to all holders of record as of August 15, 2024. About HighwoodsHighwoo
RALEIGH, N.C., July 02, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its second quarter 2024 results on Tuesday, July 23rd, after the market closes. A conference call will be held the next day, Wednesday, July 24th, at 11:00 A.M. Eastern time. For US/Canada callers, dial (833) 470-1428 and enter access code 794414. International callers should dial (929) 526-1599 and enter the same passcode. A live, listen-only webcast can be accessed on the Company's website at www.highwoods.com through the "Highwoods Properties Q2 Earnings Call" link under the "Investors" section. A replay of the call will also be available on the Company's website. About Highwoods
RALEIGH, N.C., May 30, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces Ted Klinck, President and Chief Executive Officer, will participate in a Company roundtable presentation during Nareit's REITweek: 2024 Investor Conference. The presentation will take place on Wednesday, June 5, 2023, at 9:30 a.m. ET, and will last approximately 30 minutes. The following is a link to the webcast presentation on the Company's website, a replay of which will be available an hour after the presentation ends. REITweek: 2024 Investor Conference | Highwoods Presentation About HighwoodsHighwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully
James Campbell Company LLC (JCC), a $5.3 billion, nationally diversified real estate company based in Hawaii, announced today the appointment of Kevin Penn as the company's new chief executive officer, effective Jan. 8, 2024. With more than 25 years of executive leadership experience in real estate and business strategy, he most recently served as the chief of business operations for the United States Olympic and Paralympic Committee (USOPC). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231220632600/en/James Campbell Company appoints Kevin Penn as Chief Executive Officer. (Photo: Business Wire) "With a diverse background that
RALEIGH, N.C., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) today announced that Candice W. Todd, 58, has been elected to join the Company's Board of Directors effective January 30, 2024. Carlos E. Evans, Chairman of the Board of Highwoods Properties, said, "With extensive experience as a real estate investment and finance professional, Candice's seasoned skillset will serve Highwoods well. We look forward to the contributions Candice will make to our Company as we focus on continuing to deliver long-term shareholder value and supporting our local communities." Ms. Todd served as Managing Director/Global Chief Financial Officer of Morgan Stanley Real Estate Inv
Mark Mulhern to Retire as CFOBrendan Maiorana Appointed SuccessorTransition Effective January 1, 2022 Further Strengthens Leadership TeamSara Carlton Promoted to Vice President and Associate General CounselRyan Hunt Promoted to Vice President and Chief Information Officer RALEIGH, N.C., July 27, 2021 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announced Mark Mulhern, 61, will retire as Chief Financial Officer effective January 1, 2022. Brendan Maiorana, 45, who currently serves as Executive Vice President of Finance and Treasurer, will assume the role of CFO upon Mr. Mulhern's retirement. Ted Klinck, President and Chief Executive Officer, stated "Mark has been an exception
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Deutsche Bank downgraded Highwoods Prop from Buy to Hold and set a new price target of $35.00
Deutsche Bank initiated coverage of Highwoods Prop with a rating of Buy and set a new price target of $28.00
Morgan Stanley downgraded Highwoods Prop from Equal-Weight to Underweight and set a new price target of $18.00 from $22.00 previously
BofA Securities downgraded Highwoods Prop from Buy to Neutral and set a new price target of $20.00 from $29.00 previously
Wells Fargo downgraded Highwoods Prop from Overweight to Equal Weight and set a new price target of $22.00 from $27.00 previously
Morgan Stanley downgraded Highwoods Prop from Overweight to Equal-Weight and set a new price target of $26.00 from $29.00 previously
Robert W. Baird downgraded Highwoods Prop from Outperform to Neutral and set a new price target of $31.00
Jefferies downgraded Highwoods Prop from Buy to Hold and set a new price target of $35.00 from $46.00 previously
Credit Suisse initiated coverage of Highwoods Prop with a rating of Neutral and set a new price target of $34.00
Mizuho initiated coverage of Highwoods Prop with a rating of Neutral and set a new price target of $46.00
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Highwoods Props (NYSE:HIW) reported quarterly earnings of $0.98 per share which beat the analyst consensus estimate of $0.90 by 8.89 percent. The company reported quarterly sales of $204.73 million which missed the analyst consensus estimate of $205.07 million by 0.16 percent. This is a 1.24 percent decrease over sales of $207.29 million the same period last year.
The worst may be over for commercial real estate (CRE) assets, yet a full recovery is still some distance away, according to a recent report from Goldman Sachs. The analysis, shared by analyst Caitlin Burrows on Friday, indicates that while the annual decline in CRE transaction volumes has likely bottomed out, significant challenges remain for a meaningful country-wide rebound, though some cities are exceptions. CRE Market Has Bottomed, According To Goldman Sachs’s Burrows Goldman Sachs notes that leading indicators suggest the CRE market has seen the worst of its downturn. Drawing comparisons to the Global Financial Crisis (GFC), Burrows explained that it took eight quarters of
Deutsche Bank analyst Omotayo Okusanya maintains Highwoods Props (NYSE:HIW) with a Buy and raises the price target from $28 to $31.
Highwoods Props (NYSE:HIW) reported quarterly earnings of $0.89 per share which met the analyst consensus estimate. This is a 9.18 percent decrease over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $211.275 million which beat the analyst consensus estimate of $206.784 million by 2.17 percent. This is a 0.69 percent decrease over sales of $212.752 million the same period last year.
Companies Reporting Before The Bell • RTX (NYSE:RTX) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion. • MSCI (NYSE:MSCI) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million. • Quest Diagnostics (NYSE:DGX) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion. • Community Bank System (NYSE:CBU) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million. • Herc Hldgs (NYSE:HRI) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million. • JetBlue Airways (NASDAQ:JBLU) is expected to report quarterly loss at $0.52 p
Gross proceeds from dispositions closed in the first quarter of 2024 totaled $16.9 million with the remainder closing early in the second quarter.
In the last three months, 4 analysts have published ratings on Highwoods Props (NYSE:HIW), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 1 1 0 Last 30D 0 0 0 1 0 1M Ago 0 0 0 0 0 2M Ago 2 0 1 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $26.0, a high estimate of $29.00, and a low estimate of $21.00. This current average has increased by 9.84%
Morgan Stanley analyst Ronald Kamdem maintains Highwoods Props (NYSE:HIW) with a Underweight and raises the price target from $18 to $21.