Highwoods Properties, Inc. (NYSE:HIW) Given Consensus Recommendation of “Hold” by Analysts

Highwoods Properties, Inc. (NYSE:HIW) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $30.71.

A number of equities analysts have weighed in on HIW shares. Mizuho lifted their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company lifted their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Truist Financial reduced their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. StockNews.com lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Finally, Robert W. Baird lifted their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, November 1st.

Institutional Investors Weigh In On Highwoods Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIW. Versant Capital Management Inc grew its position in shares of Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 327 shares during the last quarter. Assetmark Inc. grew its position in shares of Highwoods Properties by 5.7% during the 3rd quarter. Assetmark Inc. now owns 9,254 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 495 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Highwoods Properties by 4.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 15,001 shares of the real estate investment trust’s stock valued at $455,000 after buying an additional 593 shares during the last quarter. Everhart Financial Group Inc. grew its position in shares of Highwoods Properties by 6.0% during the 4th quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 660 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Highwoods Properties by 375.0% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Up 1.6 %

Shares of HIW opened at $29.46 on Friday. The firm has a market cap of $3.17 billion, a PE ratio of 31.01 and a beta of 1.24. The company’s fifty day moving average is $29.71 and its two-hundred day moving average is $31.57. Highwoods Properties has a fifty-two week low of $23.14 and a fifty-two week high of $36.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Analysts forecast that Highwoods Properties will post 3.36 earnings per share for the current year.

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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend is Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is 210.53%.

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.