Highwoods Properties (NYSE:HIW) PT Raised to $30.00

Highwoods Properties (NYSE:HIW) had its target price raised by stock analysts at Robert W. Baird from $27.00 to $30.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential downside of 2.12% from the company’s current price.

A number of other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Highwoods Properties from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Truist Financial raised their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.75.

Highwoods Properties Stock Performance

HIW opened at $30.65 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 25.12 and a beta of 1.27. The company has a fifty day moving average of $26.64 and a 200 day moving average of $25.30. Highwoods Properties has a fifty-two week low of $17.06 and a fifty-two week high of $30.82.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.31). Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The company had revenue of $204.74 million for the quarter, compared to the consensus estimate of $205.06 million. During the same period last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that Highwoods Properties will post 3.58 earnings per share for the current fiscal year.

Institutional Trading of Highwoods Properties

A number of institutional investors have recently bought and sold shares of HIW. International Assets Investment Management LLC bought a new position in Highwoods Properties during the fourth quarter valued at $31,000. Riverview Trust Co purchased a new position in shares of Highwoods Properties during the 1st quarter worth about $34,000. Abich Financial Wealth Management LLC boosted its stake in shares of Highwoods Properties by 45.5% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 580 shares during the period. GAMMA Investing LLC bought a new position in Highwoods Properties during the 4th quarter valued at about $53,000. Finally, Versant Capital Management Inc raised its position in Highwoods Properties by 141.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,214 shares during the period. 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.