Highwoods Properties, Inc. (HIW)
All You Need to Know About Highwoods Properties (HIW) Rating Upgrade to Buy
Highwoods Properties (HIW) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Highwoods Properties: The Pullback Makes It An Attractive Income Play With Upside Potential
Highwoods Properties offers reliable dividends and is attractive for long-term investors due to its low P/FFO multiple and recent share price pullback. Despite a modest Q3 revenue miss, raised FFO guidance and strong leasing volumes indicate potential upside, especially with lower interest rates. The REIT's solid fundamentals, attractive Sun Belt market exposure, and conservative payout ratio make it a compelling buy at current valuations.
Highwoods Properties Stock Up 37.9% YTD: Will the Trend Last?
HIW's efforts to grow in high-growth markets, diversified tenant base, aggressive capital-recycling program and solid balance sheet are positives.
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.
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.
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.
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.
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.
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.
Should You Retain Highwoods Properties Stock in Your Portfolio Now?
Solid recovery in demand for premium office properties, a diverse tenant base and capital recycling augur well for HIW. Competition from peers is a risk.
Highwoods Sees Demand Recovery, Reports Strong Leasing Activity
HIW reports healthy leasing activity amid the rising demand for high-quality office buildings.
Highwoods Properties: Once A Strong Buy, Now A Hold
Highwoods Properties has delivered a strong return of 34% since our Strong Buy recommendation, but we are now downgrading it to a "Hold". The company's fundamentals remain solid with high occupancy and consistent cash flow, but future growth is expected to be flat or negative. We are cutting our price target to $35/share due to lower growth estimates and current high valuation, limiting further upside potential.
