Analysts Set Highwoods Properties, Inc. (NYSE:HIW) PT at $30.86

Shares of Highwoods Properties, Inc. (NYSE:HIW) have received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $30.86.

A number of research analysts have recently weighed in on HIW shares. Mizuho raised their target price on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. StockNews.com raised Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 14th. Truist Financial decreased their price target on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Jefferies Financial Group started coverage on Highwoods Properties in a research report on Monday, March 17th. They set a “buy” rating and a $32.00 price target for the company.

Institutional Trading of Highwoods Properties

A number of large investors have recently bought and sold shares of HIW. Massachusetts Financial Services Co. MA increased its position in Highwoods Properties by 131.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust’s stock worth $90,778,000 after buying an additional 1,536,067 shares during the last quarter. Norges Bank bought a new position in shares of Highwoods Properties in the fourth quarter worth $32,727,000. Janus Henderson Group PLC boosted its holdings in shares of Highwoods Properties by 512.9% in the fourth quarter. Janus Henderson Group PLC now owns 1,274,443 shares of the real estate investment trust’s stock worth $38,961,000 after acquiring an additional 1,066,508 shares during the period. Aew Capital Management L P bought a new position in shares of Highwoods Properties in the fourth quarter worth $31,250,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Highwoods Properties by 40.9% in the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock worth $107,155,000 after acquiring an additional 908,401 shares during the period. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Stock Down 0.3 %

Shares of NYSE:HIW opened at $28.81 on Tuesday. Highwoods Properties has a 52-week low of $23.52 and a 52-week high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50 day simple moving average is $29.14 and its two-hundred day simple moving average is $31.21. The firm has a market cap of $3.10 billion, a P/E ratio of 30.32 and a beta of 1.25.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. As a group, research analysts forecast that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties’s dividend payout ratio is currently 210.53%.

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.