Highwoods Properties (NYSE:HIW) Raised to Hold at StockNews.com

Highwoods Properties (NYSE:HIW) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other equities research analysts have also commented on the stock. 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 research note on Tuesday, January 7th. Truist Financial dropped their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Jefferies Financial Group dropped their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and a consensus price target of $30.71.

Highwoods Properties Price Performance

Highwoods Properties stock opened at $28.16 on Friday. The stock has a market cap of $3.03 billion, a P/E ratio of 29.65 and a beta of 1.25. The company has a fifty day simple moving average of $29.17 and a 200-day simple moving average of $31.32. Highwoods Properties has a 12-month low of $23.52 and a 12-month high of $36.78. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Equities analysts expect that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in shares of Highwoods Properties by 184.7% during the third quarter. Oppenheimer & Co. Inc. now owns 27,048 shares of the real estate investment trust’s stock worth $906,000 after acquiring an additional 17,548 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Highwoods Properties during the third quarter worth about $2,085,000. Point72 Asset Management L.P. increased its stake in shares of Highwoods Properties by 436.3% during the third quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust’s stock worth $7,229,000 after acquiring an additional 175,499 shares during the period. B&I Capital AG boosted its holdings in Highwoods Properties by 111.7% during the fourth quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust’s stock worth $8,027,000 after buying an additional 138,500 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Highwoods Properties by 72.6% during the fourth quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust’s stock worth $671,000 after buying an additional 9,235 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

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.