Highwoods Properties (NYSE:HIW) Stock Rating Upgraded by Wall Street Zen

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

Several other equities research analysts have also recently weighed in on the company. New Street Research set a $30.00 price target on Highwoods Properties in a research report on Monday, October 13th. Wolfe Research initiated coverage on shares of Highwoods Properties in a report on Wednesday, October 8th. They set an “outperform” rating and a $38.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Morgan Stanley boosted their price target on shares of Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded Highwoods Properties from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.75.

Highwoods Properties Trading Up 1.2%

NYSE:HIW opened at $27.52 on Friday. Highwoods Properties has a 1 year low of $24.18 and a 1 year high of $32.76. The stock’s fifty day moving average price is $26.79 and its two-hundred day moving average price is $29.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $3.02 billion, a P/E ratio of 23.52 and a beta of 1.07.

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

Institutional Trading of Highwoods Properties

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Highwoods Properties by 88.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 372 shares during the last quarter. Bell Investment Advisors Inc boosted its position in Highwoods Properties by 921.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 774 shares during the period. Beacon Financial Strategies CORP bought a new stake in Highwoods Properties in the 4th quarter worth $34,000. Avalon Trust Co purchased a new position in shares of Highwoods Properties in the third quarter valued at about $37,000. Finally, SJS Investment Consulting Inc. bought a new position in shares of Highwoods Properties during the third quarter valued at about $49,000. Institutional investors own 96.31% of the company’s stock.

About Highwoods Properties

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.