Highwoods Properties (NYSE:HIW) Downgraded to Sell Rating by Wall Street Zen

Highwoods Properties (NYSE:HIW) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Several other brokerages also recently issued reports on HIW. Citigroup reduced their price objective on Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Robert W. Baird set a $29.00 price objective on Highwoods Properties in a research report on Wednesday, February 25th. Mizuho cut their target price on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $27.00 target price on shares of Highwoods Properties in a report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.20.

Highwoods Properties Trading Down 0.5%

Shares of Highwoods Properties stock opened at $21.46 on Friday. Highwoods Properties has a 1 year low of $21.18 and a 1 year high of $32.76. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50 day moving average price of $24.73 and a 200 day moving average price of $27.54. The company has a market capitalization of $2.36 billion, a P/E ratio of 14.70 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.58). The company had revenue of $203.36 million for the quarter, compared to analyst estimates of $208.08 million. Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. Highwoods Properties’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Sell-side analysts anticipate that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Highwoods Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Inscription Capital LLC grew its stake in shares of Highwoods Properties by 185.1% during the 3rd quarter. Inscription Capital LLC now owns 40,370 shares of the real estate investment trust’s stock valued at $1,285,000 after buying an additional 26,211 shares during the period. JPMorgan Chase & Co. raised its position in shares of Highwoods Properties by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 772,326 shares of the real estate investment trust’s stock worth $24,575,000 after buying an additional 61,443 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Highwoods Properties by 3.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,302,750 shares of the real estate investment trust’s stock worth $200,554,000 after buying an additional 205,761 shares during the period. Norges Bank acquired a new position in Highwoods Properties in the second quarter valued at $43,203,000. Finally, Aew Capital Management L P grew its position in Highwoods Properties by 95.4% during the third quarter. Aew Capital Management L P now owns 2,344,571 shares of the real estate investment trust’s stock valued at $74,604,000 after acquiring an additional 1,144,991 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Company Profile

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.