Highwoods (HIW) Stock Rises 31.9%YTD: Will the Trend Last?

Shares of Highwoods Properties (HIW) have rallied 31.9% year to date, outperforming the industry's growth of 2.3%. This office real estate investment trust (REIT) is well-positioned to benefit from the growing demand for its premier office properties concentrated in high-growth Sun Belt markets. Its disciplined capital-recycling program and accretive development projects are other tailwinds. A healthy balance sheet position augurs well for long-term growth. Later in July 2024, HIW reported second-quarter 20 ...