Deutsche Bank Aktiengesellschaft Lowers Highwoods Properties (NYSE:HIW) to Hold

Highwoods Properties (NYSE:HIW - Get Free Report) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report issued on Tuesday, Marketbeat.com reports. They currently have a $35.00 target price on the real estate investment trust's stock, up from their prior target price of $31.00. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 4.07% from the stock's previous close.

A number of other analysts have also issued reports on the stock. Truist Financial boosted their price target on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday, July 30th. Robert W. Baird boosted their price target on shares of Highwoods Properties from $27.00 to $30.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price target on shares of Highwoods Properties from $22.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $27.86.

Highwoods Properties Price Performance

Shares of Highwoods Properties stock traded up $0.12 during trading hours on Tuesday, reaching $33.63. 295,299 shares of the company's stock were exchanged, compared to its average volume of 1,001,816. The business has a fifty day moving average of $31.59 and a two-hundred day moving average of $27.89. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $3.56 billion, a P/E ratio of 27.54 and a beta of 1.26. Highwoods Properties has a 1 year low of $17.06 and a 1 year high of $33.96.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.31). The firm had revenue of $204.74 million for the quarter, compared to analyst estimates of $205.06 million. Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The company's revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. As a group, research analysts predict that Highwoods Properties will post 3.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Highwoods Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of HIW. Hsbc Holdings PLC increased its position in shares of Highwoods Properties by 77.2% in the fourth quarter. Hsbc Holdings PLC now owns 187,133 shares of the real estate investment trust's stock valued at $4,324,000 after buying an additional 81,529 shares in the last quarter. Parallel Advisors LLC grew its holdings in Highwoods Properties by 36.6% in the fourth quarter. Parallel Advisors LLC now owns 5,013 shares of the real estate investment trust's stock valued at $115,000 after purchasing an additional 1,342 shares during the period. Treasurer of the State of North Carolina grew its holdings in Highwoods Properties by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 46,144 shares of the real estate investment trust's stock valued at $1,059,000 after purchasing an additional 450 shares during the period. Edge Capital Group LLC grew its holdings in Highwoods Properties by 7.7% in the fourth quarter. Edge Capital Group LLC now owns 133,316 shares of the real estate investment trust's stock valued at $3,061,000 after purchasing an additional 9,555 shares during the period. Finally, Cullen Capital Management LLC purchased a new stake in Highwoods Properties in the fourth quarter valued at approximately $325,000. Institutional investors and hedge funds own 96.31% of the company's stock.

About Highwoods Properties

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.