Shares of Highwoods Properties Inc (NYSE:HIW) have earned an average rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $54.80.

A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Highwoods Properties from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Bank of America lifted their price target on shares of Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. Edward Jones cut shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, SunTrust Banks set a $52.00 price target on shares of Highwoods Properties and gave the stock a “hold” rating in a research note on Tuesday, October 24th.

In other news, Director Sherry A. Kellett sold 1,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $51.70, for a total value of $51,700.00. Following the completion of the sale, the director now owns 11,744 shares in the company, valued at approximately $607,164.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sherry A. Kellett sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total transaction of $101,280.00. Following the completion of the sale, the director now owns 13,744 shares of the company’s stock, valued at approximately $695,996.16. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL bought a new position in shares of Highwoods Properties during the 2nd quarter worth approximately $207,000. Parametrica Management Ltd acquired a new position in Highwoods Properties during the 3rd quarter valued at approximately $288,000. Oppenheimer Asset Management Inc. increased its stake in Highwoods Properties by 10.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,737 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 537 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Highwoods Properties during the 2nd quarter valued at approximately $295,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Highwoods Properties during the 2nd quarter valued at approximately $311,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Shares of Highwoods Properties (NYSE HIW) traded down $0.30 during mid-day trading on Tuesday, hitting $49.12. 649,400 shares of the stock traded hands, compared to its average volume of 569,040. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.90. The company has a market cap of $5,090.00, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 3.07 and a beta of 0.87. Highwoods Properties has a 12-month low of $48.42 and a 12-month high of $53.34.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.54. The company had revenue of $180.19 million for the quarter, compared to the consensus estimate of $177.15 million. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. Highwoods Properties’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. equities analysts expect that Highwoods Properties will post 3.38 earnings per share for the current year.

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About Highwoods Properties

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

Analyst Recommendations for Highwoods Properties (NYSE:HIW)

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