Highwoods Properties (NYSE:HIW) Raised to Hold at 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.

HIW has been the subject of several other reports. New Street Research set a $30.00 target price on shares of Highwoods Properties in a research report on Monday, October 13th. Morgan Stanley increased their price target on shares of Highwoods Properties from $23.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft raised Highwoods Properties from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, January 6th. Wolfe Research assumed coverage on Highwoods Properties in a report on Wednesday, October 8th. They set an “outperform” rating and a $38.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.75.

Highwoods Properties Price Performance

Shares of HIW stock opened at $27.52 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.39 and a current ratio of 1.39. Highwoods Properties has a fifty-two week low of $24.18 and a fifty-two week high of $32.76. The firm has a market cap of $3.02 billion, a P/E ratio of 23.52 and a beta of 1.07. The business’s 50 day moving average price is $26.79 and its 200-day moving average price is $29.17.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $201.77 million during the quarter, compared to the consensus estimate of $205.74 million. Highwoods Properties had a return on equity of 5.48% and a net margin of 15.98%.The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. On average, equities research analysts anticipate that Highwoods Properties will post 3.36 earnings per share for the current year.

Hedge Funds Weigh In On Highwoods Properties

A number of hedge funds have recently bought and sold shares of HIW. Voya Investment Management LLC increased its stake in Highwoods Properties by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 13,033 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 367 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Highwoods Properties by 88.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 372 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Highwoods Properties by 5.0% during the second quarter. Truist Financial Corp now owns 9,146 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 434 shares during the last quarter. Samalin Investment Counsel LLC increased its position in shares of Highwoods Properties by 5.0% during the third quarter. Samalin Investment Counsel LLC now owns 9,075 shares of the real estate investment trust’s stock valued at $289,000 after acquiring an additional 435 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Highwoods Properties by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 31,902 shares of the real estate investment trust’s stock worth $1,015,000 after acquiring an additional 443 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

About Highwoods Properties

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.