Wall Street Zen Downgrades Highwoods Properties (NYSE:HIW) to Sell

Highwoods Properties (NYSE:HIW) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research firms have also weighed in on HIW. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Wells Fargo & Company cut their price target on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Citigroup reduced their price target on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $27.00 price target on shares of Highwoods Properties in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Highwoods Properties currently has an average rating of “Hold” and a consensus price target of $29.78.

Highwoods Properties Trading Down 0.2%

Shares of NYSE:HIW opened at $23.46 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $25.68 and a 200-day moving average of $28.25. Highwoods Properties has a twelve month low of $21.56 and a twelve month high of $32.76. The firm has a market cap of $2.58 billion, a P/E ratio of 16.07 and a beta of 1.06.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.58). Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. The business had revenue of $203.36 million for the quarter, compared to the consensus estimate of $208.08 million. During the same quarter last year, the business posted $0.85 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. As a group, analysts anticipate that Highwoods Properties will post 3.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Inscription Capital LLC grew its stake in shares of Highwoods Properties by 185.1% during the 3rd quarter. Inscription Capital LLC now owns 40,370 shares of the real estate investment trust’s stock worth $1,285,000 after acquiring an additional 26,211 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Highwoods Properties by 3.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,302,750 shares of the real estate investment trust’s stock valued at $200,554,000 after buying an additional 205,761 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Highwoods Properties by 34.3% in the second quarter. Teacher Retirement System of Texas now owns 38,830 shares of the real estate investment trust’s stock worth $1,207,000 after buying an additional 9,910 shares during the period. Norges Bank bought a new stake in shares of Highwoods Properties in the 2nd quarter worth approximately $43,203,000. Finally, Advisory Services Network LLC boosted its position in shares of Highwoods Properties by 38.4% during the second quarter. Advisory Services Network LLC now owns 123,169 shares of the real estate investment trust’s stock valued at $3,573,000 after purchasing an additional 34,165 shares in the last quarter. 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.