Highwoods Properties, Inc. (NYSE:HIW) Receives Average Recommendation of “Hold” from Analysts

Highwoods Properties, Inc. (NYSE:HIW) has earned an average rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have 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 $24.38.

HIW has been the topic of several research reports. Truist Financial upped their price target on shares of Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Robert W. Baird upped their price target on shares of Highwoods Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Morgan Stanley upped their price target on shares of Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Highwoods Properties in a research report on Tuesday, January 30th. They set a “buy” rating and a $28.00 price objective for the company.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates lifted its position in Highwoods Properties by 14.1% in the 1st quarter. Raymond James & Associates now owns 28,170 shares of the real estate investment trust’s stock worth $1,289,000 after buying an additional 3,480 shares during the last quarter. HighTower Advisors LLC bought a new stake in Highwoods Properties in the first quarter valued at approximately $215,000. MetLife Investment Management LLC lifted its position in Highwoods Properties by 34.0% in the first quarter. MetLife Investment Management LLC now owns 67,793 shares of the real estate investment trust’s stock valued at $3,101,000 after purchasing an additional 17,208 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Highwoods Properties by 11.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,442 shares of the real estate investment trust’s stock valued at $1,758,000 after purchasing an additional 3,834 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Highwoods Properties by 5.8% in the first quarter. Great West Life Assurance Co. Can now owns 144,790 shares of the real estate investment trust’s stock valued at $6,847,000 after purchasing an additional 7,918 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Price Performance

NYSE:HIW opened at $25.11 on Friday. Highwoods Properties has a one year low of $17.06 and a one year high of $26.27. The company has a market cap of $2.66 billion, a P/E ratio of 18.06 and a beta of 1.23. The firm’s fifty day moving average price is $24.34 and its two-hundred day moving average price is $21.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.24 and a quick ratio of 1.24.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.96%. The ex-dividend date was Friday, February 16th. Highwoods Properties’s dividend payout ratio (DPR) is currently 143.89%.

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.