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Highwoods Properties (NYSE:HIW)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued on Thursday. They currently have a $44.00 price target on the stock. Zacks‘s target price would indicate a potential upside of 5.31% from the company’s current price.

Zacks’ analyst wrote, “Highwoods is slated to report its second quarter results on July 29. The company’s first-quarter 2014 core FFO per share came below the Zacks Consensus Estimate and the prior-year quarter figure. One-time expenses like retirement plan related costs and bad winters were the spoilers. Nevertheless, on the back of a successful implementation of its strategic plan, a large part of the company’s portfolio is now concentrated in the high-growth Sun Belt markets, which provide above-average job growth prospects owing to long-term demographic trends. In particular, the company’s portfolio restructuring activity positions it well in its target markets. Additionally, the strong and flexible balance sheet position and rating upgrade by Fitch are commendable. However, the company faces stiff competition and its large development pipeline increases operational risks. Moreover, anticipated rise in interest rates in the long run is also a concern.”

A number of other analysts have also recently weighed in on HIW. Analysts at TheStreet downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Separately, analysts at RBC Capital raised their price target on shares of Highwoods Properties from $39.00 to $42.00 in a research note on Monday, May 5th. They now have a “sector perform” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. They now have a $44.00 price target on the stock. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $39.71.

Shares of Highwoods Properties (NYSE:HIW) traded down 0.48% on Thursday, hitting $41.78. The stock had a trading volume of 800,863 shares. Highwoods Properties has a 1-year low of $32.90 and a 1-year high of $42.54. The stock’s 50-day moving average is $41.10 and its 200-day moving average is $38.31. The company has a market cap of $3.765 billion and a P/E ratio of 29.96.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.66 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.71 by $0.05. The company had revenue of $148.45 million for the quarter, compared to the consensus estimate of $145.50 million. During the same quarter last year, the company posted $0.68 earnings per share. Highwoods Properties’s revenue was up 13.9% compared to the same quarter last year. Analysts expect that Highwoods Properties will post $2.90 EPS for the current fiscal year.

Highwoods Properties, Inc, is a self-administered and self-managed equity real estate investment trust (NYSE:HIW).

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