HIW
Highwoods Properties, Inc. Real Estate - Office Investor Relations →
Highwoods Properties, Inc. (HIW) closed at $24.71 as of 2026-05-01, trading 4.4% above its 200-week moving average of $23.67. The stock moved further from the line this week, up from 0.9% last week. The 14-week RSI sits at 45, indicating neutral momentum.
Trading volume is running at 1.5x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.85 ratio) is neutral — neither side is clearly dominating.
Over the past 1616 weeks of data, HIW has crossed below its 200-week moving average 30 times. On average, these episodes lasted 12 weeks. Historically, investors who bought HIW at the start of these episodes saw an average one-year return of +9.7%.
With a market cap of $2.8 billion, HIW is a mid-cap stock. The company generates a free cash flow yield of 12.9%, which is notably high. Return on equity stands at 3.8%. The stock trades at 1.1x book value.
Share count has increased 4.5% over three years, indicating dilution.
Over the past 31 years, a hypothetical investment of $100 in HIW would have grown to $672, compared to $2301 for the S&P 500. HIW has returned 6.3% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -5.2% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: HIW vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HIW Crosses Below the Line?
Across 30 historical episodes, buying HIW when it crossed below its 200-week moving average produced an average return of +9.0% after 12 months (median +12.0%), compared to +12.9% for the S&P 500 over the same periods. 66% of those episodes were profitable after one year. After 24 months, the average return was +19.3% vs +24.2% for the index.
Each line shows $100 invested at the moment HIW crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
HIW has crossed below its 200-week MA 30 times with an average 1-year return of +9.7% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 1998 | Sep 1998 | 4 | 12.4% | +3.0% | +422.1% |
| Oct 1998 | Oct 1998 | 3 | 4.6% | +9.0% | +432.4% |
| Nov 1998 | Nov 1998 | 1 | 1.5% | -3.4% | +410.8% |
| Dec 1998 | May 1999 | 22 | 14.9% | -11.5% | +413.3% |
| May 1999 | Jun 1999 | 1 | 1.3% | +3.2% | +389.3% |
| Jul 1999 | Jun 2000 | 48 | 18.3% | +8.8% | +383.5% |
| Jun 2000 | Jul 2000 | 1 | 1.5% | +22.0% | +378.2% |
| Sep 2000 | Dec 2000 | 11 | 10.0% | +15.1% | +374.6% |
| Oct 2002 | Nov 2002 | 7 | 9.3% | +37.6% | +352.2% |
| Mar 2003 | Mar 2003 | 1 | 0.2% | +40.9% | +338.0% |
| Dec 2007 | Feb 2008 | 6 | 8.9% | -1.4% | +137.4% |
| Mar 2008 | Mar 2008 | 1 | 3.1% | -36.9% | +132.1% |
| Oct 2008 | Aug 2009 | 43 | 43.3% | +26.1% | +140.1% |
| Aug 2009 | Sep 2009 | 1 | 0.4% | +22.0% | +109.3% |
| Oct 2009 | Nov 2009 | 2 | 4.2% | +27.4% | +115.7% |
| Feb 2010 | Feb 2010 | 1 | 1.6% | +27.3% | +107.2% |
| May 2010 | Jun 2010 | 1 | 0.7% | +30.1% | +103.1% |
| Jun 2010 | Jul 2010 | 1 | 3.4% | +30.4% | +108.7% |
| Oct 2011 | Oct 2011 | 1 | 1.4% | +29.7% | +100.6% |
| Nov 2011 | Nov 2011 | 1 | 0.8% | +26.8% | +97.6% |
| Mar 2018 | Mar 2018 | 1 | 3.5% | +15.6% | -4.1% |
| Apr 2018 | Apr 2018 | 2 | 1.7% | +12.6% | -7.3% |
| Oct 2018 | Jan 2019 | 13 | 11.8% | +9.4% | -10.3% |
| Jun 2019 | Jul 2019 | 5 | 5.7% | -7.2% | -13.1% |
| Aug 2019 | Sep 2019 | 5 | 2.3% | -5.3% | -14.1% |
| Oct 2019 | Oct 2019 | 1 | 1.0% | -14.9% | -14.1% |
| Mar 2020 | Mar 2021 | 51 | 36.2% | +14.6% | -9.2% |
| May 2022 | Jul 2024 | 116 | 44.1% | -40.3% | -16.1% |
| Apr 2025 | Apr 2025 | 1 | 2.3% | -8.7% | +0.6% |
| Feb 2026 | Apr 2026 | 10 | 13.5% | N/A | +9.2% |
| Average | 12 | — | +9.7% | — |
Frequently Asked Questions
Is HIW below its 200-week moving average?
No. Highwoods Properties, Inc. (HIW) is currently 4.4% above its 200-week moving average of $23.67. It would need to fall to $23.67 to cross below the line.
What is HIW's 200-week moving average price?
Highwoods Properties, Inc.'s 200-week moving average is $23.67 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when HIW drops below its 200-week moving average?
HIW has crossed below its 200-week moving average 30 times in our data. On average, buying at that moment produced a one-year return of +9.7%. These dips have historically been decent entry points. These episodes lasted 12 weeks on average.
Is HIW a good value right now?
Here's what our data says about HIW as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 45. Free cash flow yield is 12.9%. Return on equity is 3.8%. Price-to-book is 1.1x. This is not a buy or sell recommendation — always do your own research.
How does HIW compare to the S&P 500?
Over the past 31 years, $100 invested in HIW would have grown to $672, compared to $2301 for the S&P 500. That's 6.3% annualized vs 10.6% for the index. HIW has underperformed the broader market over this period.
Does HIW pay a dividend?
Yes. Highwoods Properties, Inc. currently pays a dividend yield of 809.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-05-01