Highwoods Properties, Inc. (NYSE:HIW) Receives $30.71 Consensus PT from Analysts

Shares of Highwoods Properties, Inc. (NYSE:HIW) have earned an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $30.71.

Several research analysts have recently weighed in on HIW shares. Truist Financial reduced their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Robert W. Baird raised their target price on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. StockNews.com lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Mizuho boosted their target price on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group lowered their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd.

Highwoods Properties Stock Up 0.3 %

HIW stock opened at $28.82 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s fifty day simple moving average is $29.55 and its 200-day simple moving average is $31.53. Highwoods Properties has a 12 month low of $23.35 and a 12 month high of $36.78. The company has a market capitalization of $3.10 billion, a P/E ratio of 30.33 and a beta of 1.24.

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

Highwoods Properties Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in shares of Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 327 shares during the last quarter. Assetmark Inc. raised its position in Highwoods Properties by 5.7% in the 3rd quarter. Assetmark Inc. now owns 9,254 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 495 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in Highwoods Properties by 4.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 15,001 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 593 shares during the period. Everhart Financial Group Inc. grew its position in Highwoods Properties by 6.0% during the 4th quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 660 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Highwoods Properties by 375.0% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 675 shares during the last quarter. Hedge funds and other institutional investors 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.