Highwoods Properties, Inc. Stock News

RALEIGH, N.C., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida properties that its buildings have not sustained any notable damage.

Conference Call Wednesday, October 23 rd , at 11:00 A.M.

RALEIGH, N.C., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) reports after having conducted a thorough assessment of its Florida, Georgia, North Carolina and Tennessee properties that its buildings have not sustained any notable damage.

As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessions, making it prudent to increase cash positions and reduce exposure to vulnerable stocks. Despite some reasonable buying opportunities, I prefer holding cash in ETFs like SGOV for liquidity and sa...

REITs are attractive for income investors due to their high dividend payouts, and office REITs, in particular, offer solid long-term upside as office activity could see an increase in 2025/2026. Kilroy Realty Corp. has underperformed its peers but offers a 5.7% dividend yield, a well-covered payout ratio, and a strong balance sheet with investment-grade credit. American Assets Trust has shown b...

2 nd Gen Leasing Activity Continues to be Strong 738,000 SF of Leases Signed to Date in Third Quarter Includes over 400,000 SF of New Leases

Highwoods Properties has delivered a strong return of 34% since our Strong Buy recommendation, but we are now downgrading it to a "Hold". The company's fundamentals remain solid with high occupancy and consistent cash flow, but future growth is expected to be flat or negative. We are cutting our price target to $35/share due to lower growth estimates and current high valuation, limiting further...

Quality over quantity should be emphasized when selecting stocks. In this article, I recommend two office REITs I consider to fit the bill. Cousins Properties and American Assets Trust are highlighted as high-quality office REIT options, benefiting from favorable property locations and potential growth. Both offer attractive dividends, solid balance sheets, and attractive property locations, ma...