Wolfe Research has initiated coverage on Highwoods Properties Inc (HIW) with an Outperform rating, marking the firm's first assessment of the company's investment potential. The action, taken on October 7, 2025, comes as Highwoods continues to operate as a fully integrated office real estate investment trust (REIT) in key business districts across the U.S.
Headquartered in Raleigh, North Carolina, Highwoods Properties specializes in owning, developing, acquiring, leasing, and managing properties primarily in major markets such as Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa. As of November 20, 2025, the company boasts a market capitalization of $3.0 billion and a price-to-earnings ratio of 23.75, with an earnings per share (EPS) of 1.16 and an impressive dividend yield of 727.3%.
Upcoming earnings reports are scheduled for July 27, 2026, with an estimated EPS of $0.18 and revenue expectations of $215.5 million, and April 27, 2026, with an estimated EPS of $0.14 and revenue of $213.2 million. Recent earnings performance has shown mixed results, with a notable surprise of +314.2% in Q1 2025, but a -29.1% surprise in Q3 2025, where the EPS came in at $0.12 versus an estimate of $0.17.
Analyst ratings and price targets provide valuable insights based on extensive research and financial modeling. However, investors should consider these assessments as one of many inputs in their decision-making process, alongside company fundamentals and broader industry trends. As of November 1, 2025, the consensus rating for Highwoods Properties is Hold, with recent analyst actions reflecting a range of opinions on the company's outlook.