Highwoods Properties stock (US4312841087): Wells Fargo lifts target after earnings beat

Highwoods Properties shares are trading around the mid-20 USD range on the New York Stock Exchange after the U.S. office REIT beat quarterly EPS expectations, prompting Wells Fargo to raise its price target to USD 26 while maintaining an equal-weight rating.

Highwoods Properties, a U.S. office-focused REIT listed on the New York Stock Exchange under the ticker HIW, is trading in the mid-20 USD range this week after better-than-expected quarterly earnings and a price-target hike from Wells Fargo highlighted ongoing investor attention on the stock, according to MarketBeat and Benzinga reports as of 06/01/2026 and 06/02/2026.

According to a research note cited by Benzinga on 06/01/2026, Wells Fargo & Company raised its price target on Highwoods Properties from USD 24.00 to USD 26.00 while keeping an "equal weight" rating, after the REIT reported quarterly earnings per share of USD 0.29 versus a consensus expectation of USD 0.16, with the stock trading at around USD 26.41 on the NYSE on that day.

Shares of Highwoods Properties opened at USD 26.39 on a recent Tuesday session and traded up roughly 1.2% to USD 26.41 during mid-day trading, giving the company a market capitalization of about USD 2.9 billion, based on data compiled by MarketBeat as of early June 2026.

The stock is trading above its 50-day simple moving average of about USD 23.77 but close to its 200-day simple moving average of around USD 24.82, indicating that the recent upward move has brought the price nearer to levels seen earlier in the year, according to MarketBeat pricing data as of 06/01/2026.

The company continues to return cash to shareholders through a quarterly dividend; MarketBeat cites a recent payout of USD 0.50 per share for investors of record on 05/18, with payment on 06/09, implying an annualized dividend of USD 2.00 and supporting Highwoods Properties’ income profile within the U.S. REIT universe.

From a balance-sheet perspective, MarketBeat data shows Highwoods Properties with a debt-to-equity ratio around 1.37, alongside a current ratio and quick ratio near 1.34, reflecting the capital-intensive nature of office real estate while still indicating coverage of short-term obligations as of the most recent filings.

The stock’s valuation metrics reflect its REIT status and earnings profile, with MarketBeat citing a price-to-earnings ratio of approximately 31.4 and a beta of 1.09, placing Highwoods Properties modestly above the broader U.S. market in terms of share-price volatility.

In Germany, Highwoods Properties shares are also accessible to investors via off-exchange trading platforms such as Tradegate, where the stock typically trades in euros and tracks the underlying NYSE quotation, although liquidity levels are lower than on the U.S. home market.

The stock traded at about USD 26.41 on the NYSE on 06/01/2026, according to MarketBeat as of 06/01/2026, while recent institutional filings summarized by MarketBeat as of 06/02/2026 highlight ongoing portfolio adjustments by U.S. asset managers.

As of: 02.06.2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Highwoods Properties
• Sector/industry: Office-focused real estate investment trust (REIT)
• Headquarters/country: Raleigh, United States
• Core markets: Sun Belt and select U.S. office markets such as Raleigh, Atlanta and Tampa
• Key revenue drivers: Rental income from Class A office properties, occupancy levels and leasing spreads in its core markets
• Home exchange/listing venue: New York Stock Exchange (HIW)
• Trading currency: USD

Highwoods Properties: core business model

Highwoods Properties concentrates on owning and managing predominantly Class A office buildings in select U.S. growth markets, generating its revenue mainly from leasing space to corporate tenants on medium- to long-term contracts that underpin recurring rental cash flows.

Latest quarterly results for Highwoods Properties at a glance

According to a recent earnings-related report cited by MarketBeat and Benzinga on 06/01/2026, Highwoods Properties posted quarterly earnings per share of USD 0.29, above the analyst consensus of USD 0.16 for the period, which supported a positive immediate share-price reaction on the NYSE.

The same report notes that Wells Fargo responded to the earnings release by lifting its price target on the stock from USD 24.00 to USD 26.00 while maintaining an equal-weight stance, and MarketBeat data indicates that the broader analyst community currently assigns Highwoods Properties an average rating of "Hold" with a consensus target price of about USD 27.33 across the covered U.S. research firms.

Conclusion

Highwoods Properties’ latest quarter, highlighted by earnings per share of USD 0.29 compared with a USD 0.16 consensus and followed by a Wells Fargo price-target increase to USD 26.00, has underpinned a share price in the mid-20 USD range on the New York Stock Exchange and confirmed ongoing investor interest in the U.S. office REIT.

With an overall "Hold" consensus rating and an average analyst target around USD 27.33 according to MarketBeat, the stock remains closely tied to broader sentiment on U.S. office markets, where leasing trends, occupancy levels and refinancing conditions will be key variables for the company’s fundamentals.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.