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

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

Other research analysts have also issued research reports about the company. Citigroup dropped their price objective on Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $27.00 target price on shares of Highwoods Properties in a report on Thursday, February 19th. Robert W. Baird set a $29.00 target price on shares of Highwoods Properties in a research report on Wednesday, February 25th. Mizuho lowered their price target on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a report on Thursday, January 22nd. Three 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.20.

Highwoods Properties Price Performance

Shares of HIW opened at $21.46 on Friday. Highwoods Properties has a twelve month low of $21.18 and a twelve month high of $32.76. The stock’s 50 day moving average is $24.73 and its two-hundred day moving average is $27.54. The firm has a market capitalization of $2.36 billion, a PE ratio of 14.70 and a beta of 1.07. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.51.

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

Hedge Funds Weigh In On Highwoods Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Highwoods Properties in the second quarter valued at $43,203,000. Aew Capital Management L P raised its stake in shares of Highwoods Properties by 95.4% during the 3rd quarter. Aew Capital Management L P now owns 2,344,571 shares of the real estate investment trust’s stock worth $74,604,000 after buying an additional 1,144,991 shares during the last quarter. GRS Advisors LLC raised its stake in shares of Highwoods Properties by 64.1% during the 3rd quarter. GRS Advisors LLC now owns 2,046,809 shares of the real estate investment trust’s stock worth $65,129,000 after buying an additional 799,339 shares during the last quarter. Bayhunt Capital LLC purchased a new stake in shares of Highwoods Properties in the 4th quarter worth about $13,125,000. Finally, Gotham Asset Management LLC boosted its position in shares of Highwoods Properties by 88.1% in the 3rd quarter. Gotham Asset Management LLC now owns 910,271 shares of the real estate investment trust’s stock worth $28,965,000 after buying an additional 426,241 shares in the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

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.