Highwoods Properties Intrinsic Value Calculation – Charles Schwab Investment Management Invests $39.87 Million in Highwoods Properties, Inc
December 1, 2023
🌥️Trending News
Charles Schwab Investment Management Inc. recently announced an investment of $39.87 Million in Highwoods Properties ($NYSE:HIW), Inc. Highwoods Properties, Inc. is a real estate investment trust (REIT) based in Raleigh, North Carolina. It is involved in the acquisition, development, operation and ownership of office, industrial and retail properties. The company owns and develops properties in strategic markets across the United States, such as Atlanta, Richmond, Nashville, Louisville, and Raleigh-Durham. Highwoods Properties Inc. is focused on generating attractive long-term returns for its shareholders through a combination of cash flow growth and portfolio diversification.
It is one of the few REITs with quarterly dividend payments. Highwoods Properties Inc. has been able to maintain steady financial performance despite a challenging economic climate due to its focus on cost-effective operations and tenant retention strategies.
Price History
The stock opened at $17.9 and closed at $18.5, representing a 3.3% increase from its previous closing price of $17.9. This significant injection of capital from Charles Schwab Investment Management Inc. has marked a significant vote of confidence in the Highwoods brand and its potential to generate future returns for investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Highwoods Properties. More…
| Total Revenues | Net Income | Net Margin |
| 838.85 | 135.78 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Highwoods Properties. More…
| Operations | Investing | Financing |
| 386.07 | -404.17 | 16.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Highwoods Properties. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.02k | 3.52k | 22.93 |
Key Ratios Snapshot
Some of the financial key ratios for Highwoods Properties are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 27.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Highwoods Properties Intrinsic Value Calculation
At GoodWhale, we have analyzed HIGHWOODS PROPERTIES‘ financials and are confident that the fair value of their shares is around $32.1. This value has been calculated by our proprietary Valuation Line which is based on various financial metrics. Currently, HIGHWOODS PROPERTIES stock is traded at $18.5 which is undervalued by more than 42.4% compared to the fair value. We firmly believe that by investing in HIGHWOODS PROPERTIES now, investors can benefit from this opportunity. More…
Peers
The company was founded in 1992 and has since grown to become one of the largest office REITs in the United States. Highwoods owns and operates a portfolio of approximately 86 office properties totaling nearly 20 million square feet, concentrated primarily in the Sunbelt region. Highwoods’ chief competitors in the office REIT space are Piedmont Office Realty Trust Inc., Cousins Properties Inc., and Corporate Office Properties Trust. These companies are all large, publicly traded REITs with substantial portfolios of office properties across the United States.
– Piedmont Office Realty Trust Inc ($NYSE:PDM)
Piedmont Office Realty Trust, Inc. is a publicly traded real estate investment trust that owns, operates, manages, acquires, develops and redevelops high-quality, Class A office properties in select central business districts (“CBDs”) in the United States. As of March 31, 2021, the Company’s portfolio consisted of 109 properties totaling approximately 23.0 million square feet. The Company is an owner and operator of high-quality office assets in some of the most desirable locations in the United States, including Atlanta, Boston, Chicago, Dallas, Denver, Houston, Los Angeles, Minneapolis, New York, San Francisco, Seattle and Washington, D.C.
– Cousins Properties Inc ($NYSE:CUZ)
Cousins Properties Inc is a real estate investment trust that focuses on office buildings in the Sunbelt region of the United States. As of 2022, its market cap is 3.76B. The company owns and operates office buildings, hotels, and retail centers. It also has a development pipeline of office, residential, and mixed-use projects.
– Corporate Office Properties Trust ($NYSE:OFC)
Corporate Office Properties Trust is a real estate investment trust that owns, manages, and develops office properties in the United States. The company’s market cap is $2.98 billion as of 2022. Corporate Office Properties Trust is headquartered in Maryland.
Summary
Highwoods Properties, Inc. (HW) is a real estate investment trust that owns, develops, and operates office and industrial properties in the United States. Recently, Charles Schwab Investment Management Inc. has increased its stake in HW by acquiring $39.87 million worth of shares. This news was met with a positive response from investors, as the stock price of HW rose on the same day. Analysts believe that this move by Charles Schwab Investment Management Inc. could be considered a vote of confidence in the company’s future prospects.
Furthermore, HW’s strong balance sheet and dividend yield could be attractive to investors who wish to benefit from their REIT investments. Although the investment firm’s move may be seen as a sign of confidence in HW, investors should still perform their own due diligence and research before investing.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
