Research analysts at Jefferies Financial Group started coverage on shares of Highwoods Properties (NYSE:HIW - Get Free Report) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $32.00 price target on the real estate investment trust's stock. Jefferies Financial Group's price target indicates a potential upside of 11.45% from the stock's current price.
Other equities analysts have also recently issued research reports about the company. StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a report on Friday. Truist Financial reduced their price target on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Mizuho lifted their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $30.86.
View Our Latest Stock Report on HIW
Highwoods Properties Stock Down 1.0 %
Shares of NYSE HIW traded down $0.30 during midday trading on Monday, reaching $28.71. The company's stock had a trading volume of 1,039,396 shares, compared to its average volume of 871,252. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. Highwoods Properties has a fifty-two week low of $23.52 and a fifty-two week high of $36.78. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 30.22 and a beta of 1.25. The stock has a 50 day simple moving average of $29.14 and a 200-day simple moving average of $31.27.
Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Equities research analysts predict that Highwoods Properties will post 3.36 earnings per share for the current year.
Institutional Investors Weigh In On Highwoods Properties
A number of institutional investors have recently made changes to their positions in HIW. Oppenheimer & Co. Inc. boosted its holdings in shares of Highwoods Properties by 184.7% during the third quarter. Oppenheimer & Co. Inc. now owns 27,048 shares of the real estate investment trust's stock worth $906,000 after acquiring an additional 17,548 shares during the period. Metis Global Partners LLC raised its position in shares of Highwoods Properties by 31.5% in the third quarter. Metis Global Partners LLC now owns 10,916 shares of the real estate investment trust's stock valued at $366,000 after buying an additional 2,613 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Highwoods Properties in the third quarter valued at approximately $428,000. Pathstone Holdings LLC raised its position in shares of Highwoods Properties by 8.1% in the third quarter. Pathstone Holdings LLC now owns 42,371 shares of the real estate investment trust's stock valued at $1,420,000 after buying an additional 3,188 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Highwoods Properties by 131.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust's stock valued at $90,778,000 after buying an additional 1,536,067 shares in the last quarter. Institutional investors own 96.31% of the company's stock.
About Highwoods Properties
(
Get Free Report)
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.
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