Highwoods Properties, Inc. (NYSE:HIW) Receives $28.50 Average Target Price from Analysts

Highwoods Properties, Inc. (NYSE:HIW - Get Free Report) has been given an average recommendation of "Hold" by the six brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $28.50.

A number of analysts have recently weighed in on HIW shares. Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a "buy" rating to a "hold" rating and upped their target price for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Wells Fargo & Company upped their target price on Highwoods Properties from $22.00 to $32.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 11th. Robert W. Baird upped their target price on Highwoods Properties from $27.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. Finally, Truist Financial upped their target price on Highwoods Properties from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, July 30th.

Highwoods Properties Stock Performance

NYSE HIW traded down $0.32 on Tuesday, reaching $34.41. The stock had a trading volume of 1,167,035 shares, compared to its average volume of 988,778. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a fifty day moving average of $33.19 and a two-hundred day moving average of $29.26. 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 $3.65 billion, a P/E ratio of 28.20 and a beta of 1.26.

Highwoods Properties (NYSE:HIW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.74). Highwoods Properties had a net margin of 17.40% and a return on equity of 6.01%. The firm had revenue of $204.30 million during the quarter, compared to analyst estimates of $204.96 million. During the same period in the prior year, the company earned $0.93 earnings per share. The business's quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Highwoods Properties will post 3.6 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a dividend yield of 5.81%. Highwoods Properties's dividend payout ratio is currently 163.93%.

Institutional Trading of Highwoods Properties

Several institutional investors and hedge funds have recently modified their holdings of HIW. Abich Financial Wealth Management LLC raised its position in Highwoods Properties by 45.5% in 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 purchasing an additional 580 shares during the last quarter. Versant Capital Management Inc raised its position in Highwoods Properties by 141.3% in 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 purchasing an additional 1,214 shares during the last quarter. Blue Trust Inc. raised its position in Highwoods Properties by 269.8% in the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 2,350 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in Highwoods Properties in the first quarter valued at about $107,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position 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 purchasing an additional 1,069 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors.

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.