Highwoods Properties (NYSE:HIW) Price Target Raised to $30.00 at Mizuho

Highwoods Properties (NYSE:HIW) had its price objective boosted by Mizuho from $25.00 to $30.00 in a report issued on Tuesday, Marketbeat reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings raised Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Wall Street Zen raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Monday, March 23rd. Wells Fargo & Company increased their target price on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $28.00 price target on shares of Highwoods Properties in a research report on Thursday, May 14th. Finally, Morgan Stanley raised Highwoods Properties from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $24.00 to $23.00 in a research note on Tuesday, March 31st. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.67.

Highwoods Properties Stock Performance

NYSE HIW opened at $33.10 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $3.65 billion, a P/E ratio of 39.41 and a beta of 1.07. Highwoods Properties has a 12-month low of $20.45 and a 12-month high of $33.88. The firm has a 50-day moving average price of $29.10 and a two-hundred day moving average price of $25.74.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.16 by $0.13. Highwoods Properties had a net margin of 11.64% and a return on equity of 3.97%. The company had revenue of $214.03 million for the quarter, compared to analysts’ expectations of $209.06 million. During the same period last year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. Analysts anticipate that Highwoods Properties will post 3.53 earnings per share for the current year.

Highwoods Properties declared that its Board of Directors has initiated a share repurchase plan on Wednesday, April 22nd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Highwoods Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Highwoods Properties by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 16,903,497 shares of the real estate investment trust’s stock valued at $436,448,000 after purchasing an additional 407,406 shares during the last quarter. State Street Corp raised its holdings in shares of Highwoods Properties by 1.2% during the 4th quarter. State Street Corp now owns 6,699,130 shares of the real estate investment trust’s stock worth $172,972,000 after buying an additional 81,348 shares in the last quarter. Aew Capital Management L P raised its holdings in shares of Highwoods Properties by 3.8% during the 4th quarter. Aew Capital Management L P now owns 2,433,243 shares of the real estate investment trust’s stock worth $62,826,000 after buying an additional 88,672 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Highwoods Properties by 0.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,348 shares of the real estate investment trust’s stock worth $70,174,000 after buying an additional 14,410 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Highwoods Properties by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,149,230 shares of the real estate investment trust’s stock worth $55,503,000 after buying an additional 16,327 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors.

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.