Highwoods Properties (NYSE:HIW) Upgraded at Wall Street Zen

Highwoods Properties (NYSE:HIW) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also recently issued research reports about the company. Truist Financial boosted their price target on Highwoods Properties from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Wells Fargo & Company decreased their target price on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a report on Wednesday, October 8th. Wolfe Research assumed coverage on shares of Highwoods Properties in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $38.00 price target on the stock. Finally, Morgan Stanley upped their price objective on shares of Highwoods Properties from $23.00 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Highwoods Properties has an average rating of “Hold” and a consensus price target of $31.00.

Highwoods Properties Price Performance

Shares of NYSE:HIW opened at $26.04 on Friday. The firm has a 50 day moving average of $29.17 and a 200-day moving average of $30.12. Highwoods Properties has a 12 month low of $24.18 and a 12 month high of $32.76. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $2.86 billion, a PE ratio of 22.25 and a beta of 1.06.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The business had revenue of $201.77 million for the quarter, compared to analysts’ expectations of $205.74 million. During the same period last year, the firm posted $0.90 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. On average, equities research analysts predict that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Insider Activity

In other Highwoods Properties news, Director David John Hartzell sold 4,300 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total transaction of $138,030.00. Following the transaction, the director directly owned 27,489 shares in the company, valued at approximately $882,396.90. This represents a 13.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC grew its holdings in Highwoods Properties by 2.9% in the first quarter. Voya Investment Management LLC now owns 13,033 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 367 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Highwoods Properties by 88.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 372 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in shares of Highwoods Properties by 2.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,397 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 396 shares in the last quarter. Truist Financial Corp grew its stake in shares of Highwoods Properties by 5.0% in the 2nd quarter. Truist Financial Corp now owns 9,146 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 434 shares during the period. Finally, Samalin Investment Counsel LLC grew its stake in shares of Highwoods Properties by 5.0% in the 3rd quarter. Samalin Investment Counsel LLC now owns 9,075 shares of the real estate investment trust’s stock valued at $289,000 after buying an additional 435 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

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.