Highwoods Properties, Inc. (NYSE:HIW) Receives $32.50 Consensus Price Target from Brokerages

Shares of Highwoods Properties, Inc. (NYSE:HIWGet Free Report) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $32.50.

A number of equities research analysts recently weighed in on the company. Truist Financial decreased their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. StockNews.com lowered Highwoods Properties from a “hold” rating to a “sell” rating in a report on Thursday, April 3rd. Jefferies Financial Group assumed coverage on Highwoods Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $32.00 target price for the company. Finally, Mizuho raised their target price on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th.

Check Out Our Latest Stock Analysis on HIW

Highwoods Properties Stock Performance

HIW opened at $27.15 on Friday. Highwoods Properties has a 12-month low of $23.52 and a 12-month high of $36.78. The firm has a market capitalization of $2.93 billion, a P/E ratio of 28.58 and a beta of 1.15. The stock’s 50 day moving average price is $28.51 and its two-hundred day moving average price is $30.60. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIWGet Free Report) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. On average, equities analysts forecast that Highwoods Properties will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.37%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties’s dividend payout ratio is 210.53%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC bought a new stake in shares of Highwoods Properties in the 1st quarter worth about $214,000. NBC Securities Inc. boosted its position in Highwoods Properties by 112,540.0% in the first quarter. NBC Securities Inc. now owns 5,632 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 5,627 shares in the last quarter. GAMMA Investing LLC grew its stake in Highwoods Properties by 3,169.4% during the first quarter. GAMMA Investing LLC now owns 156,440 shares of the real estate investment trust’s stock worth $46,370,000 after buying an additional 151,655 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Highwoods Properties by 275.5% during the first quarter. Versant Capital Management Inc now owns 11,461 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 8,409 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new position in shares of Highwoods Properties in the first quarter valued at approximately $234,000. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Company Profile

(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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Analyst Recommendations for Highwoods Properties (NYSE:HIW)

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