Highwoods Properties (NYSE:HIW) Rating Increased to Hold at Wall Street Zen

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

A number of other research firms also recently weighed in on HIW. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Citigroup dropped their target price on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Mizuho cut their price target on Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $27.00 price objective on shares of Highwoods Properties in a research report on Thursday, February 19th. Finally, Robert W. Baird set a $29.00 target price on Highwoods Properties in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.78.

Highwoods Properties Price Performance

HIW opened at $20.61 on Monday. The company’s 50 day simple moving average is $24.20 and its 200-day simple moving average is $27.17. Highwoods Properties has a one year low of $20.50 and a one year high of $32.76. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $2.27 billion, a P/E ratio of 14.12 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS 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 firm had revenue of $203.36 million during the quarter, compared to the consensus estimate of $208.08 million. During the same quarter in the previous year, the business posted $0.85 earnings per share. The firm’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. Sell-side analysts anticipate that Highwoods Properties will post 3.36 earnings per share for the current fiscal year.

Institutional Trading of Highwoods Properties

A number of institutional investors have recently bought and sold shares of HIW. Caitong International Asset Management Co. Ltd lifted its position in shares of Highwoods Properties by 88.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 372 shares during the period. Bell Investment Advisors Inc lifted its holdings in shares of 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 worth $27,000 after acquiring an additional 774 shares during the last quarter. Beacon Financial Strategies CORP acquired a new stake in Highwoods Properties in the fourth quarter valued at approximately $34,000. Avalon Trust Co acquired a new stake in shares of Highwoods Properties during the 3rd quarter valued at $37,000. Finally, SJS Investment Consulting Inc. acquired a new stake 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.