Highwoods Properties (NYSE:HIW) Stock Rating Upgraded by Wall Street Zen

Highwoods Properties (NYSE:HIW) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts also recently issued reports on the company. New Street Research set a $30.00 price target on Highwoods Properties in a research note on Monday, October 13th. Morgan Stanley raised their target price on Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, October 21st. Wells Fargo & Company cut their target price on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Truist Financial increased their price target on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Finally, Wolfe Research began coverage on Highwoods Properties in a research note on Wednesday, October 8th. They set an “outperform” rating and a $38.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Highwoods Properties presently has an average rating of “Hold” and a consensus price target of $31.00.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $26.04 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.44. The firm has a fifty day simple moving average of $29.17 and a two-hundred day simple moving average of $30.12. Highwoods Properties has a 12 month low of $24.18 and a 12 month high of $32.76. The firm has a market capitalization of $2.86 billion, a PE ratio of 22.25 and a beta of 1.06.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. The firm had revenue of $201.77 million for the quarter, compared to analyst estimates of $205.74 million. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.90 earnings per share. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. Analysts forecast that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Highwoods Properties news, Director David John Hartzell sold 4,300 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total value of $138,030.00. Following the transaction, the director owned 27,489 shares of the company’s stock, valued at approximately $882,396.90. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Highwoods Properties

Several large investors have recently made changes to their positions in the business. Swiss Life Asset Management Ltd grew its position in Highwoods Properties by 2.7% during the third quarter. Swiss Life Asset Management Ltd now owns 78,922 shares of the real estate investment trust’s stock valued at $2,511,000 after buying an additional 2,098 shares during the period. Cambria Investment Management L.P. boosted its stake in Highwoods Properties by 15.6% in the third quarter. Cambria Investment Management L.P. now owns 18,589 shares of the real estate investment trust’s stock valued at $592,000 after acquiring an additional 2,510 shares during the last quarter. Bell Investment Advisors Inc boosted its stake in Highwoods Properties by 921.4% in the third quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 774 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Highwoods Properties by 88.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 372 shares during the period. Finally, Advisory Services Network LLC increased its stake in shares of Highwoods Properties by 5.0% during the 3rd quarter. Advisory Services Network LLC now owns 129,319 shares of the real estate investment trust’s stock worth $4,115,000 after purchasing an additional 6,150 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other 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.