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

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

HIW has been the subject of a number of other research reports. Wells Fargo & Company lowered their target price on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a report on Thursday, January 22nd. Robert W. Baird set a $29.00 price objective on shares of Highwoods Properties in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $27.00 price objective on shares of Highwoods Properties in a research note on Thursday, February 19th. Finally, Citigroup decreased their target price on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Highwoods Properties currently has a consensus rating of “Hold” and an average price target of $29.20.

Highwoods Properties Trading Down 3.5%

NYSE HIW opened at $22.16 on Friday. Highwoods Properties has a one year low of $21.56 and a one year high of $32.76. The company’s 50 day moving average price is $25.14 and its 200 day moving average price is $27.82. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 15.18 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $208.08 million. During the same period last year, the firm earned $0.85 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. On average, sell-side analysts predict that Highwoods Properties will post 3.36 EPS for the current year.

Institutional Investors Weigh In On Highwoods Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its position 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 worth $25,000 after purchasing an additional 372 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in Highwoods Properties by 921.4% in the third 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 last quarter. Beacon Financial Strategies CORP acquired a new stake in Highwoods Properties during the fourth quarter valued at approximately $34,000. Avalon Trust Co bought a new position in Highwoods Properties during the 3rd quarter worth approximately $37,000. Finally, SJS Investment Consulting Inc. bought a new position in Highwoods Properties during the 3rd quarter worth approximately $49,000. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Company Profile

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.