Highwoods PropertiesHIW
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
193% more call options, than puts
Call options by funds: $4.4M | Put options by funds: $1.5M
123% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 26
26% more capital invested
Capital invested by funds: $2.95B [Q2] → $3.71B (+$759M) [Q3]
10% more funds holding
Funds holding: 292 [Q2] → 320 (+28) [Q3]
10% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 114
1.7% less ownership
Funds ownership: 106.08% [Q2] → 104.38% (-1.7%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Mizuho Vikram Malhotra 75% 1-year accuracy 6 / 8 met price target | 4%downside $29 | Neutral Maintained | 7 Jan 2025 |
Jefferies Peter Abramowitz 38% 1-year accuracy 5 / 13 met price target | 3%upside $31 | Hold Maintained | 2 Jan 2025 |
Wells Fargo Blaine Heck 57% 1-year accuracy 8 / 14 met price target | 16%upside $35 | Equal-Weight Maintained | 4 Nov 2024 |
Baird David Rodgers 44% 1-year accuracy 11 / 25 met price target | 6%upside $32 | Neutral Maintained | 1 Nov 2024 |
Financial journalist opinion
