Highwoods Properties (NYSE:HIW - Get Free Report) had its target price boosted by stock analysts at Robert W. Baird from $30.00 to $32.00 in a research note issued on Friday, Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. Robert W. Baird's price target suggests a potential downside of 1.95% from the company's previous close.
Several other equities analysts also recently commented on the stock. Truist Financial boosted their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a "buy" rating to a "hold" rating and boosted their target price for the stock from $31.00 to $35.00 in a report on Tuesday, October 1st. Finally, Wells Fargo & Company boosted their target price on shares of Highwoods Properties from $22.00 to $32.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Highwoods Properties currently has a consensus rating of "Hold" and a consensus price target of $28.83.
View Our Latest Analysis on Highwoods Properties
Highwoods Properties Price Performance
NYSE:HIW traded down $0.91 during trading hours on Friday, hitting $32.64. 1,196,760 shares of the stock traded hands, compared to its average volume of 988,232. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. Highwoods Properties has a 1 year low of $17.17 and a 1 year high of $36.78. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 24.35 and a beta of 1.26. The stock has a 50 day moving average price of $33.31 and a 200 day moving average price of $29.38.
Highwoods Properties (NYSE:HIW - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.74). Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The firm had revenue of $204.30 million for the quarter, compared to analysts' expectations of $204.96 million. During the same period in the prior year, the firm earned $0.93 EPS. Highwoods Properties's revenue for the quarter was down 1.4% compared to the same quarter last year. Sell-side analysts forecast that Highwoods Properties will post 3.62 EPS for the current fiscal year.
Institutional Investors Weigh In On Highwoods Properties
Several large investors have recently bought and sold shares of the business. Abich Financial Wealth Management LLC increased its position in Highwoods Properties by 45.5% during the first quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 580 shares during the last quarter. Versant Capital Management Inc increased its position in Highwoods Properties by 141.3% during the second quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 1,214 shares during the last quarter. Blue Trust Inc. increased its position in 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 valued at $108,000 after acquiring an additional 2,350 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in Highwoods Properties during the first quarter valued at $107,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Highwoods Properties by 35.1% during 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 during 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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