
Highwoods Properties (HIW) Stock Forecast & Price Target
Highwoods Properties (HIW) Analyst Ratings
Bulls say
Highwoods Properties Inc has demonstrated a robust performance with a 48% increase since Halloween, surpassing the 16% gain of the VNQ. The company is projected to maintain an occupancy rate of 88.8% by the end of 2023, supported by slightly positive market rent growth of 1%-2% across its urban markets. Furthermore, the expected payout of 8.1% yield is anticipated to be comfortably supported by cash flow, indicating a positive outlook for continued growth and portfolio enhancement through strategic acquisitions and development.
Bears say
Highwoods Properties Inc. is projected to experience declining occupancy rates, with an estimated 88.0% by the end of 2024, a decrease from 88.8% in the previous quarter, which reflects concerns about ongoing lagging office utilization post-COVID. The company is also anticipating a normalized Funds From Operations (FFO) decline of 3.5% in 2023 and a further decrease of 2.1% in 2024, indicating a challenging financial environment ahead. Additionally, strategies to transition away from legacy markets towards higher-quality assets may limit FFO growth and have a negative impact on share price performance.
This aggregate rating is based on analysts' research of Highwoods Properties and is not a guaranteed prediction by Public.com or investment advice.
Highwoods Properties (HIW) Analyst Forecast & Price Prediction
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