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

Shares of Highwoods Properties, Inc. (NYSE:HIWGet Rating) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $32.00.

A number of research analysts recently commented on the company. Credit Suisse Group lowered their price objective on Highwoods Properties to $27.00 in a research note on Thursday, October 20th. Mizuho decreased their price target on Highwoods Properties from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday, October 19th. Robert W. Baird cut Highwoods Properties from an “outperform” rating to a “neutral” rating and set a $31.00 price target for the company. in a research note on Monday, October 10th. Wells Fargo & Company increased their price target on Highwoods Properties from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 22nd. Finally, StockNews.com started coverage on Highwoods Properties in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cohen & Steers Inc. lifted its holdings in shares of Highwoods Properties by 9.4% during the third quarter. Cohen & Steers Inc. now owns 17,239,625 shares of the real estate investment trust’s stock valued at $464,708,000 after purchasing an additional 1,475,867 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Highwoods Properties by 1.2% during the third quarter. Vanguard Group Inc. now owns 16,319,629 shares of the real estate investment trust’s stock valued at $439,978,000 after purchasing an additional 193,977 shares during the last quarter. State Street Corp lifted its holdings in shares of Highwoods Properties by 0.9% during the second quarter. State Street Corp now owns 6,399,371 shares of the real estate investment trust’s stock valued at $218,794,000 after purchasing an additional 55,672 shares during the last quarter. FMR LLC lifted its holdings in shares of Highwoods Properties by 3.4% during the second quarter. FMR LLC now owns 5,312,711 shares of the real estate investment trust’s stock valued at $181,641,000 after purchasing an additional 175,377 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Highwoods Properties by 3.1% during the third quarter. Daiwa Securities Group Inc. now owns 2,251,325 shares of the real estate investment trust’s stock valued at $60,695,000 after purchasing an additional 68,008 shares during the last quarter. Institutional investors own 94.57% of the company’s stock.

Highwoods Properties Price Performance

Shares of HIW opened at $29.91 on Wednesday. The company has a market cap of $3.15 billion, a P/E ratio of 12.46 and a beta of 1.10. The stock has a fifty day moving average price of $28.61 and a 200 day moving average price of $29.97. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. Highwoods Properties has a 12 month low of $24.51 and a 12 month high of $47.24.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Investors of record on Monday, November 21st were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 18th. This represents a $2.00 annualized dividend and a yield of 6.69%. Highwoods Properties’s dividend payout ratio is currently 83.33%.

Highwoods Properties Company Profile

(Get Rating)

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

Featured Stories

Analyst Recommendations for Highwoods Properties (NYSE:HIW)

Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.