Mizuho Raises Highwoods Properties (NYSE:HIW) Price Target to $30.00

Highwoods Properties (NYSE:HIW) had its target price raised by equities researchers at Mizuho from $25.00 to $30.00 in a report released on Tuesday, Marketbeat reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target would suggest a potential downside of 7.88% from the stock’s current price.

HIW has been the subject of a number of other reports. Weiss Ratings upgraded Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Truist Financial increased their price target on Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $28.00 price target on shares of Highwoods Properties in a research note on Thursday, May 14th. Finally, Morgan Stanley raised Highwoods Properties from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $24.00 to $23.00 in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Highwoods Properties presently has a consensus rating of “Hold” and an average target price of $30.00.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $32.56 on Tuesday. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 38.77 and a beta of 1.07. Highwoods Properties has a one year low of $20.45 and a one year high of $33.88. The company’s 50-day simple moving average is $29.23 and its 200-day simple moving average is $25.79. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.50 and a current ratio of 1.50.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. Highwoods Properties had a return on equity of 3.97% and a net margin of 11.64%.The firm had revenue of $214.03 million during the quarter, compared to analyst estimates of $209.06 million. During the same period in the previous year, the company earned $0.83 earnings per share. Highwoods Properties’s quarterly revenue was up 6.8% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. Equities analysts anticipate that Highwoods Properties will post 3.53 earnings per share for the current fiscal year.

Highwoods Properties announced that its Board of Directors has authorized a share repurchase program on Wednesday, April 22nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its stake in 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 purchasing an additional 372 shares during the period. California State Teachers Retirement System boosted its position in shares of Highwoods Properties by 0.5% in the second quarter. California State Teachers Retirement System now owns 98,051 shares of the real estate investment trust’s stock worth $3,048,000 after buying an additional 489 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Highwoods Properties by 3.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,896 shares of the real estate investment trust’s stock worth $514,000 after buying an additional 572 shares during the period. Maryland State Retirement & Pension System grew its holdings in shares of Highwoods Properties by 3.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 22,218 shares of the real estate investment trust’s stock valued at $574,000 after buying an additional 720 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Highwoods Properties by 33.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,159 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 797 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.

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.