Mizuho Increases Highwoods Properties (NYSE:HIW) Price Target to $29.00

Highwoods Properties (NYSE:HIW - Get Free Report) had its price objective lifted by analysts at Mizuho from $24.00 to $29.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. Mizuho's price target points to a potential downside of 0.72% from the stock's previous close.

A number of other research analysts also recently commented on HIW. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a "buy" rating to a "hold" rating and upped their price objective for the company from $31.00 to $35.00 in a research note on Tuesday, October 1st. Wells Fargo & Company increased their price target on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Jefferies Financial Group lowered their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, January 2nd. Finally, Robert W. Baird increased their target price on Highwoods Properties from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Highwoods Properties has an average rating of "Hold" and a consensus target price of $30.86.

Highwoods Properties Trading Down 2.3 %

NYSE HIW traded down $0.70 during mid-day trading on Tuesday, reaching $29.21. 1,092,851 shares of the stock were exchanged, compared to its average volume of 806,663. The stock has a market capitalization of $3.10 billion, a PE ratio of 21.80 and a beta of 1.24. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. Highwoods Properties has a 1-year low of $21.37 and a 1-year high of $36.78. The business's fifty day simple moving average is $31.56 and its 200 day simple moving average is $31.30.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.74). The business had revenue of $204.30 million for the quarter, compared to analyst estimates of $204.96 million. Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. Highwoods Properties's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. On average, research analysts anticipate that Highwoods Properties will post 3.62 earnings per share for the current fiscal year.

Institutional Trading of Highwoods Properties

Several large investors have recently bought and sold shares of HIW. Quarry LP purchased a new position in Highwoods Properties in the third quarter valued at about $48,000. Versant Capital Management Inc boosted its stake in shares of Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock valued at $93,000 after buying an additional 327 shares during the last quarter. Blue Trust Inc. grew its position in shares of Highwoods Properties by 269.8% during the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust's stock worth $108,000 after buying an additional 2,350 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Highwoods Properties by 55.8% in the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust's stock worth $109,000 after buying an additional 1,167 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Highwoods Properties by 35.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust's stock valued at $135,000 after acquiring an additional 1,069 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company's stock.

Highwoods Properties Company Profile

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.