Highwoods Properties Stock Fair Value Calculation – Verition Fund Management LLC Invests in Highwoods Properties, in 2023.

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In 2023, Verition Fund Management LLC has made a major investment in Highwoods Properties ($NYSE:HIW), Inc. This long-term commitment reflects Verition Fund Management’s belief in the success and future of Highwoods Properties. Highwoods is a real estate investment trust (REIT) that owns, develops, acquires and manages office, industrial and retail properties throughout the United States. Highwoods is known for its innovation in the real estate industry, as well as its commitment to providing quality spaces for its tenants and customers. Through this investment, Verition Fund Management will be able to take advantage of the company’s expansive portfolio and expertise.

Highwoods Properties has a long history of successful investments, and this is reflected in its current portfolio. By partnering with Verition Fund Management, Highwoods Properties will be able to take advantage of the firm’s deep knowledge of global markets and access to capital. With this investment, Highwoods Properties is well-positioned to continue its successful track record of growth and development in the real estate industry.

Price History

Recent media coverage on Highwoods Properties, Inc., a real estate investment trust (REIT) has been mainly positive, with major investors such as Verition Fund Management LLC announcing their intention to invest in 2023. On Friday, the stock of Highwoods Properties opened at $27.4 and closed at $27.2, with a minor increase of 0.1% from the previous closing price. Taking the investment into account, investor market sentiment on Highwoods Properties remains largely positive. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Highwoods Properties. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Highwoods Properties. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Highwoods Properties. More…

Key Ratios Snapshot

Some of the financial key ratios for Highwoods Properties are shown below. More…

Analysis – Highwoods Properties Stock Fair Value Calculation

GoodWhale has conducted an analysis of HIGHWOODS PROPERTIES‘s financials and calculated a fair value of $37.9 for the company’s shares. According to our proprietary Valuation Line, the current market price of $27.2 is 28.3% below the fair value, suggesting the stock is undervalued at present. This presents an attractive opportunity for investors looking to add HIGHWOODS PROPERTIES to their portfolio. 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

Verition Fund Management LLC recently invested in Highwoods Properties, Inc. in 2023. According to current media coverage, the overall sentiment towards the investment is positive. Highwoods is an office and industrial real estate company that owns, develops, and operates primarily class A office properties located in the Southeastern United States. Highwoods is well positioned to capitalize on long-term trends such as changing workplace dynamics, increased urbanization, and office technology. This has allowed the company to benefit from strong market fundamentals, as well as maintain occupancy levels above industry averages and realize strong rental rate growth.

Additionally, Highwoods has a commitment to sustainability, with energy efficiency ratings and water conservation measures in place at many of its properties. This is reflected in their investments in technology and infrastructure upgrades to ensure their properties remain competitive for the long term.