Highwoods Properties Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Raleigh, n.c., april 23, 2024 (globe newswire) -- highwoods properties, inc. (nyse:hiw) has released its first 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:

Raleigh, n.c., april 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 march 31, 2024, which equates to an annualized dividend of $2.00 per share. this quarterly dividend is payable on june 11, 2024 to all holders of record as of may 20, 2024.

Raleigh, n.c., april 04, 2024 (globe newswire) -- highwoods properties, inc. (nyse:hiw) has sold in a series of transactions non-core properties in raleigh for combined gross proceeds of $79.4 million.

Raleigh, n.c., april 02, 2024 (globe newswire) --  highwoods properties, inc. (nyse:hiw) will release its first quarter 2024 results on tuesday, april 23rd, after the market closes.

129,000 sf of additional leases signed at 23springs development in uptown dallas 23springs now 53% pre-leased

REITs have faced challenges in the past year, but most of that appears to be priced into their valuations. Realty Income Corp. and Highwoods Properties are undervalued REITs with strong income potential. Both companies have unique attributes and offer investors a recurring income stream with a solid margin of safety.

U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.

Though Highwoods' (HIW) Q1 results reflect year-over-year growth in rent, a fall in occupancy and higher interest expenses act as dampeners.

While the top- and bottom-line numbers for Highwoods Properties (HIW) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Highwoods Properties (HIW) came out with quarterly funds from operations (FFO) of $0.89 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to FFO of $0.98 per share a year ago.

U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024. Stagflation has crept back into the economic discussion over the past several weeks amid a resurgence in oil prices alongside economic data showing stubbornly lukewarm inflationary trends. Following two straight weeks of gains which had lifted the benchmark to record-highs, the S&P 500 declined by 0.9% this week. Real estate equities were among the laggards this week.

In line with its capital-recycling strategy, Highwoods Properties (HIW) announces the disposition of non-core assets worth $79.4 million.

RALEIGH, N.C., April 02, 2024 (GLOBE NEWSWIRE) --  Highwoods Properties, Inc. (NYSE:HIW) will release its first quarter 2024 results on Tuesday, April 23rd, after the market closes.

Highwoods Properties, Inc. is a North Carolina-based office REIT with a strong presence in Sunbelt markets. Highwoods Properties has a well-maintained balance sheet, with strong debt metrics and available liquidity. The company has a development pipeline and a healthy land bank that could result in significant build-out in the coming years.

Favorable Sun Belt office market fundamentals and disciplined capital-recycling strategy to aid Highwoods Properties (HIW) despite competition and elevated interest rates.