moneyheap
HIW · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Highwoods Properties Inc. (HIW) stock moving?
Highwoods reported Q3 2026 results on Oct 28, with operational results showing 90.1% portfolio occupancy and significant leasing activity. The stock's volume was heavy around the report, with 1.55M shares on Oct 28 and 1.74M on Oct 27, and it rebounded from a 29.21 close on Oct 28 to 32.20 on Nov 4 and an intraday high of 32.71 on Nov 5. Huntington raised its price target to $32 from $31 on Nov 3 but kept a Market Perform rating, which signals limited conviction. The stock then pulled back to 31.08 on Nov 10, with the 1.92M shares traded on Nov 9 (the highest volume in the 30-day window) coinciding with a flat close at 31.46. The last close sits about 3% below the new $32 target and about 6% above the Oct 28 low. The 10-Q filed Oct 27 was listed without content, so no additional fundamental detail is available from the provided sources.
News behind the analysis
- Huntington Adjusts Price Target on Highwoods Properties to $32Huntington Securities raised its price target on Highwoods from $31 to $32 while keeping a Market Perform rating.
- Highwoods Properties Reports Third Quarter 2026 Operational ResultsHighwoods reported 90.1% portfolio occupancy and significant leasing activity for the third quarter of 2026.
- Highwoods Props Q3 2026 Earnings Call TranscriptHighwoods reported third-quarter 2026 financial results on Wednesday, Oct 28, and the earnings call transcript was published by Benzinga.
About Highwoods Properties Inc.
Highwoods Properties is a Raleigh, North Carolina-based real estate investment trust (REIT) that owns, develops, leases and manages office buildings. It focuses on the best business districts of fast-growing Sun Belt cities such as Raleigh, Charlotte, Nashville, Atlanta, Dallas, Tampa, Orlando and Richmond, and it regularly sells older, non-core buildings to improve the quality of what it owns.
How it makes money
Almost all of its revenue is rent and related charges paid by tenants who lease its office space, about $820 million over the 12 months to March 2026. Like other REITs, it pays out much of its cash flow as dividends (most recently $0.50 per share each quarter). Investors usually track it by funds from operations (FFO, a common REIT cash-earnings measure), occupancy (roughly 85–90% in 2026) and rent growth when leases are renewed.
What usually moves HIW
- Office demand and how often people work from the office
- Leasing activity, occupancy and rent growth
- Interest rates and borrowing costs
- Property sales and purchases
- Sun Belt job and population growth