Highwoods Properties, Inc. (NYSE:HIW) Receives $30.86 Average PT from Brokerages

Highwoods Properties, Inc. (NYSE:HIW - Get Free Report) has received a consensus recommendation of "Hold" from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $30.86.

A number of research analysts have recently issued reports on the stock. Mizuho raised their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Friday, March 14th. Truist Financial dropped their price target on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Jefferies Financial Group started coverage on Highwoods Properties in a research report on Monday. They set a "buy" rating and a $32.00 price objective for the company.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Oppenheimer & Co. Inc. increased its stake in Highwoods Properties by 184.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,048 shares of the real estate investment trust's stock valued at $906,000 after buying an additional 17,548 shares during the period. US Bancorp DE increased its stake in shares of Highwoods Properties by 72.6% during the fourth quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust's stock valued at $671,000 after acquiring an additional 9,235 shares during the period. Point72 Asset Management L.P. raised its holdings in Highwoods Properties by 436.3% during the third quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust's stock worth $7,229,000 after purchasing an additional 175,499 shares in the last quarter. B&I Capital AG lifted its position in Highwoods Properties by 111.7% in the fourth quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust's stock worth $8,027,000 after purchasing an additional 138,500 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Highwoods Properties by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust's stock valued at $65,235,000 after purchasing an additional 71,670 shares in the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

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Highwoods Properties Stock Down 0.3 %

Shares of HIW stock traded down $0.10 during trading hours on Tuesday, hitting $28.81. 1,788,350 shares of the company were exchanged, compared to its average volume of 875,264. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 30.32 and a beta of 1.25. Highwoods Properties has a one year low of $23.52 and a one year high of $36.78. The business's 50-day simple moving average is $29.13 and its two-hundred day simple moving average is $31.24.

Highwoods Properties (NYSE:HIW - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Sell-side analysts predict that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.94%. Highwoods Properties's dividend payout ratio (DPR) is presently 210.53%.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded NYSE: HIW, fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.