HIW · NYSE · STOCK
Highwoods Properties (HIW) Stock Analysis
$29.32
52W $20.45 – $35.44
63/100
$3.28B
19.6
1.08
Is HIW Bullish or Bearish?
Bullish.
Innellis AI committee rates Highwoods Properties, Inc. (HIW) Buy with a composite score of 63/100
, based on 5 analysts with 60% agreement.
Last updated October 14, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +11.58 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -8.42 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is price-to-book of 1.2x is a discount to asset value. The main limiting factor is 2 existing position pair(s) are highly correlated already. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.2x is a discount to asset value — Value
- Dividend yield of 11.2% pays you to wait — Value
- EPS growing 28.6% YoY — Growth
- 3 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- Revenue declining -21.8% YoY -- this is not a growth story right now — Growth
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 14, 2026
Overall Committee Score
63/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 2%
of 80 Real Estate peers
Value Analyst
bullish
70
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Price-to-book of 1.2x is a discount to asset value
Growth Analyst
bullish
66
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 28.6% YoY
− Revenue declining -21.8% YoY -- this is not a growth story right now
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
35
/ 100 · Low confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− 2 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score weakened from 66.4 to 63.4.
- Bullish support removed: 1 signal(s) disappeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Macro Analyst: score 80->65 (-15).
- Portfolio Manager: score 30->35 (+5).
Comparing 2026-10-13 to 2026-10-14 (1 day apart).
Technical Analysis
RSI (14)
33.9
Neutral
MACD Histogram
0.002
Bullish Momentum
Trend Direction
Sideways
Weekly: Downtrend
Market Structure
Hh Hl
Support
$28.00
Resistance
$29.94
Bollinger %B
0.09
Inside Bands
Price vs Moving Averages
EMA 9
$29.30
Above
EMA 21
$29.67
Below
EMA 50
$30.17
Below
EMA 200
$28.83
Above
Fundamental Analysis
Valuation
94
Growth
92
Profitability
65
Financial Health
66
Cash Flow
70
Valuation
P/E Ratio
19.6×
P/B Ratio
1.37×
PEG Ratio
0.71
Dividend Yield
6.72%
52W High
$35.44
52W Low
$20.45
Quality & Growth
ROE
670.9%
ROA
254.4%
Gross Margin
6721.2%
Operating Margin
2576.3%
Revenue Growth YoY
—
Debt / Equity
1.47
AI Fundamental Assessment
P/E ratio of 19.6 (inexpensive relative to a 15-40x range); Price-to-book of 1.4x; PEG ratio of 0.7 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 6.7%; Return on assets of 2.5%; Net margin of 20.2%; Gross margin of 67.2%; Current ratio of 1.78 (healthy short-term liquidity); Debt-to-equity of 1.47; Free cash flow per share is positive (3.40); Most recent quarter beat estimates by 46.3%; 3 consecutive earnings beats; EPS growth accelerating (-3.3% -> +193.1% QoQ); Analyst estimates rising over recent quarters
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