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Real Estate - REIT - Office - NYSE - US
$ 31.66
-0.503 %
$ 3.36 B
Market Cap
23.63
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one HIW stock under the base case scenario is HIDDEN Compared to the current market price of 31.7 USD, Highwoods Properties, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart HIW

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FINANCIALS
834 M REVENUE
0.61%
224 M OPERATING INCOME
-7.55%
151 M NET INCOME
-7.70%
387 M OPERATING CASH FLOW
-8.25%
-170 M INVESTING CASH FLOW
72.40%
-205 M FINANCING CASH FLOW
-109.31%
204 M REVENUE
-0.31%
48.5 M OPERATING INCOME
-13.32%
15.5 M NET INCOME
-75.64%
97.5 M OPERATING CASH FLOW
-27.42%
-144 M INVESTING CASH FLOW
-10587.47%
48.6 M FINANCING CASH FLOW
138.55%
Balance Sheet Decomposition Highwoods Properties, Inc.
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Current Assets 364 M
Cash & Short-Term Investments 25.1 M
Receivables 344 M
Other Current Assets -4.8 M
Non-Current Assets 343 M
Long-Term Investments 343 M
PP&E 0
Other Non-Current Assets 0
Current Liabilities 194 M
Accounts Payable 187 M
Short-Term Debt 0
Other Current Liabilities 6.5 M
Non-Current Liabilities 3.32 B
Long-Term Debt 3.23 B
Other Non-Current Liabilities 87.9 M
EFFICIENCY
Earnings Waterfall Highwoods Properties, Inc.
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Revenue 834 M
Cost Of Revenue 269 M
Gross Profit 565 M
Operating Expenses 342 M
Operating Income 224 M
Other Expenses 72.7 M
Net Income 151 M
RATIOS
67.77% GROSS MARGIN
67.77%
26.87% OPERATING MARGIN
26.87%
17.83% NET MARGIN
17.83%
6.11% ROE
6.11%
2.48% ROA
2.48%
3.97% ROIC
3.97%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Highwoods Properties, Inc.
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Net Income 151 M
Depreciation & Amortization 299 M
Capital Expenditures 0
Stock-Based Compensation 6.98 M
Change in Working Capital -19.9 M
Others -49.6 M
Free Cash Flow 387 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Highwoods Properties, Inc.
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Wall Street analysts predict an average 1-year price target for HIW of $33 , with forecasts ranging from a low of $22 to a high of $46 .
HIW Lowest Price Target Wall Street Target
22 USD -30.51%
HIW Average Price Target Wall Street Target
33 USD 4.23%
HIW Highest Price Target Wall Street Target
46 USD 45.29%
4. DIVIDEND ANALYSIS
1.51% DIVIDEND YIELD
0.5 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Highwoods Properties, Inc.
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Sold
0-3 MONTHS
205 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
473 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 06, 2024
Sell 205 K USD
Hartzell David John
Director
- 6173
33.26 USD
8 months ago
Feb 22, 2024
Bought 473 K USD
Evans Carlos E
Director
+ 20000
23.67 USD
1 year ago
Oct 27, 2023
Bought 17.7 K USD
Leary Brian M
EVP & COO
+ 1000
17.67 USD
1 year ago
Mar 23, 2023
Bought 99.1 K USD
Klinck Theodore J
+ 5000
19.813 USD
2 years ago
Sep 22, 2022
Bought 28.3 K USD
Miller Jeffrey Douglas
EVP, General Counsel & Sec.
+ 1000
28.253 USD
2 years ago
Aug 31, 2022
Sell 19.8 K USD
Gadis David L
director:
- 650
30.49 USD
3 years ago
Nov 11, 2021
Sell 761 K USD
Mulhern Mark F
- 16154
47.11 USD
3 years ago
May 12, 2021
Sell 28.8 K USD
Hartzell David John
- 662
43.5 USD
3 years ago
May 20, 2021
Sell 26.4 K USD
Hartzell David John
- 600
44 USD
4 years ago
Sep 24, 2020
Bought 98.1 K USD
Anderson Thomas P
+ 3000
32.69 USD
4 years ago
Sep 22, 2020
Bought 337 K USD
Evans Carlos E
+ 10000
33.7 USD
4 years ago
Mar 13, 2020
Bought 36 K USD
Miller Jeffrey Douglas
+ 1000
35.99 USD
4 years ago
Mar 12, 2020
Bought 362 K USD
Klinck Theodore J
+ 10000
36.25 USD
5 years ago
Dec 27, 2018
Bought 383 K USD
Evans Carlos E
+ 10000
38.31 USD
6 years ago
Aug 08, 2018
Sell 706 K USD
Mulhern Mark F
- 14141
49.96 USD
6 years ago
Jun 29, 2018
Sell 187 K USD
Miller Jeffrey Douglas
- 3676
50.87 USD
6 years ago
Jun 12, 2018
Sell 49 K USD
Miller Jeffrey Douglas
- 1000
49.05 USD
6 years ago
Dec 11, 2017
Sell 51.7 K USD
KELLETT SHERRY A
- 1000
51.7 USD
6 years ago
Dec 05, 2017
Sell 50.6 K USD
KELLETT SHERRY A
- 1000
50.581 USD
6 years ago
Dec 06, 2017
Sell 50.7 K USD
KELLETT SHERRY A
- 1000
50.69 USD
7 years ago
Jun 15, 2017
Sell 525 K USD
Klinck Theodore J
- 10000
52.51 USD
7 years ago
Mar 02, 2017
Sell 94.1 K USD
Klinck Theodore J
EVP/COO/CIO
- 1800
52.28 USD
7 years ago
Mar 01, 2017
Sell 1.35 M USD
Mulhern Mark F
EVP/CFO
- 25822
52.34 USD
7 years ago
Mar 01, 2017
Sell 910 K USD
Miller Jeffrey Douglas
EVP, General Counsel & Sec.
- 17409
52.26 USD
7 years ago
Mar 02, 2017
Sell 52.2 K USD
Miller Jeffrey Douglas
EVP, General Counsel & Sec.
- 1000
52.21 USD
8 years ago
Sep 26, 2016
Sell 221 K USD
Miller Jeffrey Douglas
SVP/General Counsel & Sec.
- 4214
52.52 USD
8 years ago
Jun 29, 2016
Sell 2.33 M USD
FRITSCH EDWARD J
President & CEO
- 44975
51.84 USD
8 years ago
Jul 01, 2016
Sell 2.15 M USD
FRITSCH EDWARD J
President & CEO
- 40847
52.75 USD
8 years ago
Jun 28, 2016
Sell 514 K USD
Miller Jeffrey Douglas
SVP/General Counsel & Sec.
- 10000
51.39 USD
8 years ago
Jun 29, 2016
Sell 104 K USD
Miller Jeffrey Douglas
SVP/General Counsel & Sec.
- 2000
51.8 USD
8 years ago
Jun 15, 2016
Sell 480 K USD
FRITSCH EDWARD J
President & CEO
- 9703
49.5 USD
8 years ago
Jun 16, 2016
Sell 737 K USD
FRITSCH EDWARD J
President & CEO
- 14953
49.27 USD
8 years ago
May 26, 2016
Sell 360 K USD
KELLETT SHERRY A
Director
- 7600
47.32 USD
8 years ago
May 09, 2016
Sell 591 K USD
Mulhern Mark F
SVP/CFO
- 12124
48.75 USD
8 years ago
May 09, 2016
Sell 606 K USD
Klinck Theodore J
EVP/COO & Investment Officer
- 12397
48.86 USD
8 years ago
Mar 18, 2016
Sell 151 K USD
FRITSCH EDWARD J
President & CEO
- 3214
47.09 USD
8 years ago
Mar 17, 2016
Sell 1.23 M USD
FRITSCH EDWARD J
President & CEO
- 26109
47.1 USD
8 years ago
Mar 07, 2016
Sell 543 K USD
Miller Jeffrey Douglas
SVP/General Counsel & Sec.
- 11744
46.27 USD
8 years ago
Mar 04, 2016
Sell 170 K USD
Penn Kevin E
SVP/Strategy & Admin
- 3685
46.01 USD
8 years ago
Mar 03, 2016
Sell 366 K USD
Klinck Theodore J
EVP/COO & Investment Officer
- 8035
45.53 USD
8 years ago
Mar 03, 2016
Sell 1.6 M USD
FRITSCH EDWARD J
President & CEO
- 35000
45.59 USD
10 years ago
Nov 20, 2014
Sell 192 K USD
Penn Kevin E
SVP/Strategy & Admin
- 4364
44 USD
9 years ago
Jun 05, 2015
Bought 207 K USD
Evans Carlos E
Director
+ 5000
41.3257 USD
9 years ago
Mar 20, 2015
Sell 989 K USD
HARRIS MICHAEL E
Executive Vice President & COO
- 21374
46.29 USD
9 years ago
Mar 02, 2015
Sell 878 K USD
Miller Jeffrey Douglas
SVP/General Counsel & Sec.
- 19036
46.13 USD
9 years ago
Dec 01, 2014
Sell 1.58 M USD
FRITSCH EDWARD J
President & CEO
- 36280
43.46 USD
9 years ago
Dec 02, 2014
Sell 1.18 M USD
FRITSCH EDWARD J
President & CEO
- 27022
43.51 USD
9 years ago
Nov 26, 2014
Sell 43.3 K USD
Miller Jeffrey Douglas
V.P./General Counsel & Sec.
- 1000
43.277 USD
9 years ago
Nov 26, 2014
Sell 321 K USD
Klinck Theodore J
VP/Chief Investment Officer
- 7437
43.13 USD
10 years ago
Aug 19, 2014
Sell 475 K USD
STEVENS TERRY L
SVP, CFO
- 11215
42.39 USD
10 years ago
Aug 01, 2014
Sell 169 K USD
Miller Jeffrey Douglas
V.P./General Counsel & Sec.
- 4000
42.25 USD
10 years ago
Jun 06, 2014
Sell 962 K USD
HARRIS MICHAEL E
Executive Vice President & COO
- 22796
42.21 USD
10 years ago
May 15, 2014
Sell 402 K USD
Hartzell David John
Director
- 10000
40.24 USD
10 years ago
May 14, 2014
Sell 412 K USD
KELLETT SHERRY A
Director
- 10000
41.19 USD
10 years ago
May 02, 2014
Sell 979 K USD
Miller Jeffrey Douglas
V.P./General Counsel & Sec.
- 24251
40.38 USD
10 years ago
May 02, 2014
Sell 3.29 M USD
FRITSCH EDWARD J
President & CEO
- 81651
40.35 USD
10 years ago
May 05, 2014
Sell 1.02 M USD
FRITSCH EDWARD J
President & CEO
- 25246
40.32 USD
10 years ago
Mar 31, 2014
Sell 418 K USD
STEVENS TERRY L
SVP, CFO
- 10896
38.38 USD
11 years ago
Jun 17, 2013
Sell 2.28 M USD
ANDERSON GENE H
Director
- 63390
35.91 USD
11 years ago
Jun 05, 2013
Sell 28.8 K USD
ADLER THOMAS W
Director
- 800
36.056 USD
11 years ago
May 07, 2013
Sell 2.05 M USD
HARRIS MICHAEL E
Executive Vice President & COO
- 50000
41.06 USD
11 years ago
Apr 01, 2013
Sell 185 K USD
Penn Kevin E
VP/Chief Strategy & Admin
- 4683
39.44 USD
11 years ago
Mar 26, 2013
Sell 37.2 K USD
FRITSCH EDWARD J
President & CEO
- 941
39.5 USD
11 years ago
Mar 28, 2013
Sell 2.37 M USD
FRITSCH EDWARD J
President & CEO
- 60029
39.51 USD
11 years ago
Mar 21, 2013
Sell 1.38 M USD
HARRIS MICHAEL E
Executive Vice President & COO
- 35543
38.78 USD
11 years ago
Mar 19, 2013
Sell 320 K USD
ANDERSON GENE H
Director
- 8275
38.64 USD
11 years ago
Mar 08, 2013
Sell 464 K USD
STEVENS TERRY L
SVP, CFO
- 12139
38.21 USD
11 years ago
Mar 06, 2013
Sell 940 K USD
FRITSCH EDWARD J
President & CEO
- 24655
38.14 USD
11 years ago
Mar 07, 2013
Sell 138 K USD
FRITSCH EDWARD J
President & CEO
- 3600
38.25 USD
11 years ago
Mar 08, 2013
Sell 436 K USD
FRITSCH EDWARD J
President & CEO
- 11391
38.28 USD
11 years ago
Mar 05, 2013
Sell 532 K USD
Miller Jeffrey Douglas
V.P./General Counsel & Sec.
- 14087
37.79 USD
11 years ago
Mar 05, 2013
Sell 821 K USD
STEVENS TERRY L
SVP, CFO
- 21709
37.8 USD
11 years ago
Mar 01, 2013
Sell 1.83 M USD
FRITSCH EDWARD J
President & CEO
- 50000
36.57 USD
11 years ago
Mar 01, 2013
Sell 440 K USD
STEVENS TERRY L
SVP, CFO
- 12139
36.28 USD
11 years ago
Mar 01, 2013
Sell 337 K USD
Miller Jeffrey Douglas
V.P./General Counsel & Sec.
- 9242
36.42 USD
7. News
Highwoods Properties, Inc. (HIW) Q3 2024 Earnings Call Transcript Highwoods Properties, Inc. (NYSE:HIW ) Q3 2024 Earnings Conference Call October 23, 2024 11:00 AM ET Company Participants Hannah True - Manager, Finance and Corporate Strategy Ted Klinck - President & CEO Brian Leary - EVP & COO Brendan Maiorana - EVP & CFO Conference Call Participants Blaine Heck - Wells Fargo Ronald Kamdem - Morgan Stanley Robert Stevenson - Janney Michael Griffin - Citigroup Nicholas Thillman - Baird Peter Abramowitz - Jefferies Dylan Burzinski - Green Street Operator Good morning. Thank you for joining today's Highwoods Properties Q3 2024 Earnings Call. seekingalpha.com - 3 weeks ago
Highwoods Properties' Q3 FFO Beats Estimates, '24 View Raised HIW's Q3 results reflect healthy leasing activity with rent growth amid rising demand for high-quality office buildings. zacks.com - 3 weeks ago
Compared to Estimates, Highwoods Properties (HIW) Q3 Earnings: A Look at Key Metrics While the top- and bottom-line numbers for Highwoods Properties (HIW) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 3 weeks ago
Highwoods Properties (HIW) Tops Q3 FFO Estimates Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.90 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to FFO of $0.93 per share a year ago. zacks.com - 3 weeks ago
Highwoods Announces Availability of Third Quarter 2024 Results 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: globenewswire.com - 3 weeks ago
Highwoods Properties: Resilient REIT That Offers Long-Term Upside As Leasing Activity Ramps Up Highwoods Properties offers solid upside potential due to strong leasing activity, a healthy balance sheet, and attractive Sun Belt market exposure. Despite recent price appreciation, HIW's valuation remains attractive with a low forward P/FFO multiple of 9.86x, below the sector median. Management's raised full-year outlook and strong leasing volumes suggest potential for further earnings beats and increased investor confidence. seekingalpha.com - 3 weeks ago
Highwoods Declares Quarterly Dividends 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. globenewswire.com - 3 weeks ago
Highwoods Reports No Notable Damage from Hurricane Milton 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. globenewswire.com - 1 month ago
Highwoods to Release Third Quarter 2024 Results Tuesday, October 22nd Conference Call Wednesday, October 23 rd , at 11:00 A.M. globenewswire.com - 1 month ago
Highwoods Properties Stock Up 31.1% in 6 Months: Will the Trend Last? HIW's portfolio of premier office properties in high-growth Sun Belt markets is well-poised to gain from tenants' rising preference for premium office spaces. zacks.com - 1 month ago
Highwoods Reports No Notable Damage from Hurricane Helene 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. globenewswire.com - 1 month ago
Raise Cash And Sell Trash As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessions, making it prudent to increase cash positions and reduce exposure to vulnerable stocks. Despite some reasonable buying opportunities, I prefer holding cash in ETFs like SGOV for liquidity and safety during uncertain economic times. seekingalpha.com - 1 month ago
8. Profile Summary

Highwoods Properties, Inc. HIW

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COUNTRY US
INDUSTRY REIT - Office
MARKET CAP $ 3.36 B
Dividend Yield 1.51%
Description 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.
Contact 3100 Smoketree Court, Raleigh, NC, 27604 https://www.highwoods.com
IPO Date June 8, 1994
Employees 349
Officers Mr. Jeffrey D. Miller Executive Vice President, General Counsel & Secretary Mr. Daniel E. Woodward Senior Vice President & Tampa Market Leader Mr. Theodore J. Klinck President, Chief Executive Officer & Director Mr. Brendan C. Maiorana Executive Vice President & Chief Financial Officer Mr. Brian M. Leary Executive Vice President & Chief Operating Officer Mr. Carman J. Liuzzo Senior Vice President of Investments Mr. Daniel L. Clemmens CPA Vice President & Chief Accounting Officer Mr. Ryan Hunt Vice President & Chief Information Officer Mr. Thomas S. Hill III Senior Vice President & Raleigh Market Leader Mr. Steven J. Garrity Senior Vice President & Orlando Market Leader