Highwoods Properties (NYSE:HIW) Raised to “Hold” at StockNews.com

Highwoods Properties (NYSE:HIW) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

HIW has been the subject of a number of other reports. Mizuho raised their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Truist Financial reduced their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Jefferies Financial Group reduced their target price on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.71.

Highwoods Properties Trading Down 1.0 %

Highwoods Properties stock opened at $28.53 on Wednesday. The firm has a 50 day simple moving average of $29.43 and a 200-day simple moving average of $31.46. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $3.07 billion, a PE ratio of 30.04 and a beta of 1.24. Highwoods Properties has a 12-month low of $23.52 and a 12-month high of $36.78.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, equities research analysts expect that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Highwoods Properties

Several hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in Highwoods Properties by 131.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust’s stock worth $90,778,000 after buying an additional 1,536,067 shares in the last quarter. Norges Bank purchased a new stake in Highwoods Properties in the 4th quarter worth approximately $32,727,000. Janus Henderson Group PLC lifted its position in Highwoods Properties by 512.9% in the 4th quarter. Janus Henderson Group PLC now owns 1,274,443 shares of the real estate investment trust’s stock worth $38,961,000 after buying an additional 1,066,508 shares in the last quarter. Aew Capital Management L P purchased a new stake in Highwoods Properties in the 4th quarter worth approximately $31,250,000. Finally, Franklin Resources Inc. lifted its position in Highwoods Properties by 40.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock worth $107,155,000 after buying an additional 908,401 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

About Highwoods Properties

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.