(HIW) Highwoods Properties - Ratings and Ratios
Office,Buildings,Leasing,Development
HIW EPS (Earnings per Share)
HIW Revenue
Description: HIW Highwoods Properties
Highwoods Properties Inc (NYSE:HIW) is a fully-integrated office real estate investment trust (REIT) with a presence in key business districts across the southeastern United States, including Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa. The companys mission is to create environments that inspire customers and teammates to achieve more, effectively making it a work-placemaking business.
From a financial perspective, HIWs market capitalization stands at approximately $3.33 billion, indicating a mid-cap REIT with a stable presence in the market. The companys price-to-earnings (P/E) ratio is around 18.91, suggesting a relatively reasonable valuation compared to its earnings. However, the forward P/E ratio is significantly higher at 65.79, potentially indicating expected growth in earnings. The return on equity (RoE) is 7.27%, which is a moderate return.
To further evaluate HIWs performance, key performance indicators (KPIs) such as funds from operations (FFO) per share, adjusted FFO per share, and the debt-to-equity ratio can be considered. A review of HIWs FFO per share and adjusted FFO per share would provide insights into its ability to generate cash from operations. Additionally, analyzing the debt-to-equity ratio would help assess the companys leverage and financial flexibility. A dividend yield analysis would also be relevant, as REITs are known for their dividend distributions.
From an operational standpoint, HIWs focus on creating exceptional environments and experiences for customers and teammates is crucial. The companys ability to maintain high occupancy rates, attract new tenants, and retain existing ones will be essential in driving its financial performance. Key metrics to monitor include occupancy rates, average rent per square foot, and tenant retention rates. By examining these KPIs, investors can gain a better understanding of HIWs operational efficiency and potential for long-term growth.
HIW Stock Overview
| Market Cap in USD | 3,570m |
| Sub-Industry | Office REITs |
| IPO / Inception | 1994-06-07 |
HIW Stock Ratings
| Growth Rating | 14.2% |
| Fundamental | 51.1% |
| Dividend Rating | 68.1% |
| Return 12m vs S&P 500 | -12.3% |
| Analyst Rating | 3.40 of 5 |
HIW Dividends
| Dividend Yield 12m | 6.53% |
| Yield on Cost 5y | 8.34% |
| Annual Growth 5y | 0.82% |
| Payout Consistency | 95.9% |
| Payout Ratio | 1.8% |
HIW Growth Ratios
| Growth Correlation 3m | 19.3% |
| Growth Correlation 12m | -10% |
| Growth Correlation 5y | -29.2% |
| CAGR 5y | 11.78% |
| CAGR/Max DD 3y | 0.29 |
| CAGR/Mean DD 3y | 0.84 |
| Sharpe Ratio 12m | 0.18 |
| Alpha | 0.00 |
| Beta | 0.974 |
| Volatility | 21.01% |
| Current Volume | 1226.3k |
| Average Volume 20d | 1052.6k |
| Stop Loss | 30.8 (-3.2%) |
| Signal | -0.35 |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (129.0m TTM) > 0 and > 6% of Revenue (6% = 48.8m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA 1.35pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 10.12% (prev 9.64%; Δ 0.47pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 364.1m > Net Income 129.0m (YES >=105%, WARN >=100%) |
| Net Debt (-21.2m) to EBITDA (536.7m) ratio: -0.04 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.29 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (110.0m) change vs 12m ago 3.75% (target <= -2.0% for YES) |
| Gross Margin 57.98% (prev 58.23%; Δ -0.25pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 13.52% (prev 13.91%; Δ -0.38pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.58 (EBITDA TTM 536.7m / Interest Expense TTM 149.0m) >= 6 (WARN >= 3) |
Altman Z'' -0.31
| (A) 0.01 = (Total Current Assets 363.5m - Total Current Liabilities 281.2m) / Total Assets 6.06b |
| (B) -0.13 = Retained Earnings (Balance) -802.6m / Total Assets 6.06b |
| (C) 0.04 = EBIT TTM 236.2m / Avg Total Assets 6.02b |
| (D) -0.22 = Book Value of Equity -803.9m / Total Liabilities 3.62b |
| Total Rating: -0.31 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 51.14
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 5.29% = 2.64 |
| 3. FCF Margin 44.75% = 7.50 |
| 4. Debt/Equity 1.41 = 1.59 |
| 5. Debt/Ebitda 6.21 = -2.50 |
| 6. ROIC - WACC (= -2.10)% = -2.63 |
| 7. RoE 5.43% = 0.45 |
| 8. Rev. Trend -71.86% = -5.39 |
| 9. EPS Trend -0.58% = -0.03 |
What is the price of HIW shares?
Over the past week, the price has changed by +0.00%, over one month by +10.18%, over three months by +2.94% and over the past year by +3.96%.
Is Highwoods Properties a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HIW is around 30.38 USD . This means that HIW is currently overvalued and has a potential downside of -4.5%.
Is HIW a buy, sell or hold?
- Strong Buy: 3
- Buy: 0
- Hold: 6
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the HIW price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 30.8 | -3.3% |
| Analysts Target Price | 30.8 | -3.3% |
| ValueRay Target Price | 32.9 | 3.5% |
Last update: 2025-09-15 04:37
HIW Fundamental Data Overview
CCE Cash And Equivalents = 21.2m USD (last quarter)
P/E Trailing = 27.6838
P/E Forward = 65.7895
P/S = 4.3814
P/B = 1.4925
P/EG = 5.09
Beta = 1.276
Revenue TTM = 813.5m USD
EBIT TTM = 236.2m USD
EBITDA TTM = 536.7m USD
Long Term Debt = 3.33b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (0.0)
Debt = 3.33b USD (Calculated: Short Term 0.0 + Long Term 3.33b)
Net Debt = -21.2m USD (from netDebt column, last quarter)
Enterprise Value = 6.88b USD (3.57b + Debt 3.33b - CCE 21.2m)
Interest Coverage Ratio = 1.58 (Ebit TTM 236.2m / Interest Expense TTM 149.0m)
FCF Yield = 5.29% (FCF TTM 364.1m / Enterprise Value 6.88b)
FCF Margin = 44.75% (FCF TTM 364.1m / Revenue TTM 813.5m)
Net Margin = 15.86% (Net Income TTM 129.0m / Revenue TTM 813.5m)
Gross Margin = 57.98% ((Revenue TTM 813.5m - Cost of Revenue TTM 341.8m) / Revenue TTM)
Tobins Q-Ratio = -8.56 (set to none) (Enterprise Value 6.88b / Book Value Of Equity -803.9m)
Interest Expense / Debt = 1.13% (Interest Expense 37.7m / Debt 3.33b)
Taxrate = 21.0% (US default)
NOPAT = 186.6m (EBIT 236.2m * (1 - 21.00%))
Current Ratio = 1.29 (Total Current Assets 363.5m / Total Current Liabilities 281.2m)
Debt / Equity = 1.41 (Debt 3.33b / last Quarter total Stockholder Equity 2.37b)
Debt / EBITDA = 6.21 (Net Debt -21.2m / EBITDA 536.7m)
Debt / FCF = 9.16 (Debt 3.33b / FCF TTM 364.1m)
Total Stockholder Equity = 2.38b (last 4 quarters mean)
RoA = 2.13% (Net Income 129.0m, Total Assets 6.06b )
RoE = 5.43% (Net Income TTM 129.0m / Total Stockholder Equity 2.38b)
RoCE = 4.14% (Ebit 236.2m / (Equity 2.38b + L.T.Debt 3.33b))
RoIC = 3.29% (NOPAT 186.6m / Invested Capital 5.66b)
WACC = 5.39% (E(3.57b)/V(6.90b) * Re(9.60%)) + (D(3.33b)/V(6.90b) * Rd(1.13%) * (1-Tc(0.21)))
Shares Correlation 3-Years: 60.61 | Cagr: 0.20%
Discount Rate = 9.60% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 73.95% ; FCFE base≈329.7m ; Y1≈353.2m ; Y5≈429.9m
Fair Price DCF = 53.08 (DCF Value 5.74b / Shares Outstanding 108.1m; 5y FCF grow 7.95% → 3.0% )
EPS Correlation: -0.58 | EPS CAGR: -23.88% | SUE: 0.04 | # QB: 0
Revenue Correlation: -71.86 | Revenue CAGR: -0.90% | SUE: N/A | # QB: None
Additional Sources for HIW Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle