Highwoods Properties (NYSE:HIW) Price Target Lowered to $31.00 at Jefferies Financial Group

Highwoods Properties (NYSE:HIW - Get Free Report) had its price objective reduced by investment analysts at Jefferies Financial Group from $35.00 to $31.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Jefferies Financial Group's target price would indicate a potential upside of 1.11% from the stock's previous close.

Other equities research analysts have also issued research reports about the company. Robert W. Baird increased their price target on Highwoods Properties from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Wells Fargo & Company upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a "buy" rating to a "hold" rating and lifted their price target for the stock from $31.00 to $35.00 in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Highwoods Properties has a consensus rating of "Hold" and a consensus target price of $31.17.

Highwoods Properties Stock Up 0.3 %

Shares of HIW stock traded up $0.08 during trading on Thursday, reaching $30.66. The company's stock had a trading volume of 604,600 shares, compared to its average volume of 849,756. Highwoods Properties has a 1-year low of $21.37 and a 1-year high of $36.78. The stock's 50-day moving average price is $31.84 and its 200 day moving average price is $31.14. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.88 and a beta of 1.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.74). The business had revenue of $204.30 million during 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%. The business's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. On average, research analysts anticipate that Highwoods Properties will post 3.62 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quarry LP purchased a new position in Highwoods Properties during the 3rd quarter worth approximately $48,000. 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 acquiring an additional 2,350 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Highwoods Properties by 55.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust's stock valued at $109,000 after acquiring an additional 1,167 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Highwoods Properties by 35.1% in the 3rd 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 purchasing an additional 1,069 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Highwoods Properties by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,026 shares of the real estate investment trust's stock worth $168,000 after purchasing an additional 820 shares during the period. 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.