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Highwoods Properties Inc (HIW)

Upturn stock ratingUpturn stock rating
$31.1
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

08/28/2025: HIW (3-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

rating

10 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $30.78

1 Year Target Price $30.78

Analysts Price Target For last 52 week
$30.78 Target price
52w Low $23.39
Current$31.1
52w High $34.4

Analysis of Past Performance

Type Stock
Historic Profit 24.51%
Avg. Invested days 46
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.48B USD
Price to earnings Ratio 26.95
1Y Target Price 30.78
Price to earnings Ratio 26.95
1Y Target Price 30.78
Volume (30-day avg) 10
Beta 1.23
52 Weeks Range 23.39 - 34.40
Updated Date 08/29/2025
52 Weeks Range 23.39 - 34.40
Updated Date 08/29/2025
Dividends yield (FY) 6.43%
Basic EPS (TTM) 1.17

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 15.83%
Operating Margin (TTM) 26.01%

Management Effectiveness

Return on Assets (TTM) 2.17%
Return on Equity (TTM) 5.35%

Valuation

Trailing PE 26.95
Forward PE 65.79
Enterprise Value 6700978766
Price to Sales(TTM) 4.27
Enterprise Value 6700978766
Price to Sales(TTM) 4.27
Enterprise Value to Revenue 8.26
Enterprise Value to EBITDA 11.59
Shares Outstanding 108073000
Shares Floating 105926685
Shares Outstanding 108073000
Shares Floating 105926685
Percent Insiders 1.9
Percent Institutions 110.3

ai summary icon Upturn AI SWOT

Highwoods Properties Inc

stock logo

Company Overview

overview logo History and Background

Highwoods Properties Inc. was founded in 1978 and is a fully integrated, self-administered REIT that owns, develops, and manages office properties primarily in the Sun Belt region of the United States. The company has grown through strategic acquisitions and developments, focusing on high-growth markets.

business area logo Core Business Areas

  • Office Properties: Highwoods owns, develops, acquires, and manages office properties. This includes leasing space to tenants and providing property management services.

leadership logo Leadership and Structure

The leadership team consists of the CEO, CFO, and other key executives. The company operates with a REIT structure, managed by a board of directors.

Top Products and Market Share

overview logo Key Offerings

  • Office Space Leasing: Highwoods leases office space to a variety of tenants. Market share data is based on geographical location and is difficult to pinpoint exactly, but it is a significant player in the Sun Belt region. Competitors include Cousins Properties, Parkway Properties, and Piedmont Office Realty Trust.

Market Dynamics

industry overview logo Industry Overview

The office REIT industry is influenced by factors such as economic growth, job creation, and interest rates. Demand for office space is correlated with employment growth in key industries.

Positioning

Highwoods focuses on high-growth Sun Belt markets, which gives it a competitive advantage due to the region's strong demographic and economic trends. It offers high-quality office spaces.

Total Addressable Market (TAM)

The total addressable market for office space leasing in the Sun Belt region is substantial, estimated in the billions of dollars annually. Highwoods is well-positioned to capture a significant portion of this TAM.

Upturn SWOT Analysis

Strengths

  • Strong presence in Sun Belt markets
  • High-quality office portfolio
  • Proven development capabilities
  • Experienced management team
  • Solid financial position

Weaknesses

  • Concentration in specific geographic regions
  • Sensitivity to economic cycles
  • Dependence on key tenants
  • Exposure to interest rate fluctuations

Opportunities

  • Further expansion in existing markets
  • Strategic acquisitions
  • Development of new office properties
  • Increased demand for office space in Sun Belt region

Threats

  • Economic downturn
  • Increased competition
  • Rising interest rates
  • Changes in tenant preferences (e.g., remote work)

Competitors and Market Share

competitor logo Key Competitors

  • Cousins Properties (CUZ)
  • Piedmont Office Realty Trust (PDM)
  • City Office REIT (CIO)

Competitive Landscape

Highwoods' advantage lies in its focus on Sun Belt markets. Disadvantages include its geographic concentration.

Major Acquisitions

BBC Property Management

  • Year: 2017
  • Acquisition Price (USD millions): 41
  • Strategic Rationale: Expanded its property management footprint in core markets.

Growth Trajectory and Initiatives

Historical Growth: Highwoods has experienced growth through acquisitions and developments, particularly in Sun Belt markets.

Future Projections: Analyst estimates project continued growth driven by demand for office space in Sun Belt region.

Recent Initiatives: Recent initiatives include acquisitions, developments, and strategic partnerships.

Summary

Highwoods Properties is a REIT with a strong presence in the Sun Belt region. Its focused strategy and high-quality portfolio are strengths. However, its geographic concentration and sensitivity to economic cycles are areas to watch. The future growth will depend on Highwoods being able to manage their cash flow, deal with competition and manage the demand for remote office work.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Investor Presentations
  • Analyst Reports
  • Industry Reports

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance can change. Conduct independent research before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Highwoods Properties Inc

Exchange NYSE
Headquaters Raleigh, NC, United States
IPO Launch date 1994-06-07
President, CEO & Director Mr. Theodore J. Klinck
Sector Real Estate
Industry REIT - Office
Full time employees 350
Full time employees 350

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. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders.