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Highwoods Properties (NYSE:HIW) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, American Banking News reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.71.

Shares of Highwoods Properties (NYSE:HIW) traded up 0.39% on Friday, hitting $41.945. The stock had a trading volume of 135,692 shares. Highwoods Properties has a one year low of $32.90 and a one year high of $42.54. The stock has a 50-day moving average of $41.13 and a 200-day moving average of $38.33. The company has a market cap of $3.780 billion and a P/E ratio of 29.82.

Highwoods Properties (NYSE:HIW) last released its earnings data on Tuesday, April 29th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Analysts expect that Highwoods Properties will post $2.90 EPS for the current fiscal year.

A number of analysts have recently weighed in on HIW shares. Analysts at Zacks reiterated a “neutral” rating on shares of Highwoods Properties in a research note on Thursday. They now have a $44.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, 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.

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

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