Highwoods Properties, Inc. (NYSE:HIW) Receives $30.86 Consensus Target Price from Analysts

Highwoods Properties, Inc. (NYSE:HIW) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.86.

A number of analysts have issued reports on HIW shares. Wells Fargo & Company raised their target price on Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Mizuho increased their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Robert W. Baird upped their price target on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group dropped their target price on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd.

Highwoods Properties Stock Down 2.5 %

HIW opened at $28.54 on Monday. Highwoods Properties has a fifty-two week low of $21.46 and a fifty-two week high of $36.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The company’s 50-day moving average is $30.52 and its 200 day moving average is $31.61. The firm has a market capitalization of $3.03 billion, a P/E ratio of 21.30 and a beta of 1.24.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.01%. Highwoods Properties’s payout ratio is 149.25%.

Hedge Funds Weigh In On Highwoods Properties

Several large investors have recently made changes to their positions in HIW. Quarry LP bought a new position in shares of Highwoods Properties in the third quarter worth approximately $48,000. Versant Capital Management Inc raised its holdings in Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 327 shares during the last quarter. Blue Trust Inc. boosted its stake in Highwoods Properties by 269.8% during the 3rd quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,350 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Highwoods Properties by 55.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Highwoods Properties by 35.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 1,069 shares during the last quarter. 96.31% of the stock is currently 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.