StockNews.com downgraded shares of Highwoods Properties (NYSE:HIW - Free Report) from a hold rating to a sell rating in a report published on Thursday.
HIW has been the topic of a number of other research reports. Mizuho lifted their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Robert W. Baird lifted their target price on Highwoods Properties from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Jefferies Financial Group decreased their price target on Highwoods Properties from $35.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, January 2nd. Truist Financial dropped their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Wells Fargo & Company increased their price target on Highwoods Properties from $32.00 to $35.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Highwoods Properties presently has an average rating of "Hold" and a consensus target price of $30.71.
Get Our Latest Stock Report on Highwoods Properties
Highwoods Properties Price Performance
Highwoods Properties stock traded down $0.03 during midday trading on Thursday, reaching $29.23. The company's stock had a trading volume of 1,169,839 shares, compared to its average volume of 816,498. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3.10 billion, a PE ratio of 21.82 and a beta of 1.24. Highwoods Properties has a 52 week low of $22.60 and a 52 week high of $36.78. The business has a 50-day moving average price of $29.86 and a 200-day moving average price of $31.62.
Highwoods Properties (NYSE:HIW - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting analysts' consensus estimates of $0.85. Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. On average, sell-side analysts predict that Highwoods Properties will post 3.61 EPS for the current year.
Highwoods Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.84%. The ex-dividend date is Tuesday, February 18th. Highwoods Properties's payout ratio is currently 149.25%.
Institutional Investors Weigh In On Highwoods Properties
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its stake 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 worth $90,778,000 after purchasing an additional 1,536,067 shares during the last quarter. Norges Bank purchased a new stake in Highwoods Properties in the 4th quarter valued at $32,727,000. Janus Henderson Group PLC lifted its stake in Highwoods Properties by 512.9% during the 4th quarter. Janus Henderson Group PLC now owns 1,274,443 shares of the real estate investment trust's stock valued at $38,961,000 after acquiring an additional 1,066,508 shares in the last quarter. Aew Capital Management L P purchased a new position in Highwoods Properties during the 4th quarter worth $31,250,000. Finally, Franklin Resources Inc. grew its stake in shares of Highwoods Properties by 40.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock worth $107,155,000 after acquiring an additional 908,401 shares in the last quarter. Institutional investors and hedge funds 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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