HIW stock icon

Highwoods Properties
HIW

$25.68
0.55%
 

About: Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. The majority of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.

Employees: 349

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 6 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

19% more call options, than puts

Call options by funds: $3.55M | Put options by funds: $2.98M

17% more capital invested

Capital invested by funds: $2.48B [Q4 2023] → $2.9B (+$425M) [Q1 2024]

11% more repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 97

5.75% less ownership

Funds ownership: 110.67% [Q4 2023] → 104.93% (-5.75%) [Q1 2024]

7% less funds holding

Funds holding: 301 [Q4 2023] → 280 (-21) [Q1 2024]

41% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 51

Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$18
30%
downside
Avg. target
$26
1%
downside
High target
$31
21%
upside

6 analyst ratings

positive
50%
neutral
17%
negative
33%
Deutsche Bank
Omotayo Okusanya
21%upside
$31
Buy
Maintained
6 May 2024
Morgan Stanley
Ronald Kamdem
18%downside
$21
Underweight
Maintained
28 Mar 2024
Baird
David Rodgers
1%upside
$26
Neutral
Maintained
14 Feb 2024
Truist Securities
Michael Lewis
13%upside
$29
Buy
Maintained
13 Feb 2024
Deutsche Bank
Omotayo Okusanya
9%upside
$28
Buy
Initiated
30 Jan 2024

Financial journalist opinion

Based on 3 articles about HIW published over the past 30 days