Highwoods Properties (NYSE:HIW) Given New $27.00 Price Target at Credit Suisse Group

Highwoods Properties (NYSE:HIWGet Rating) had its target price cut by Credit Suisse Group from $29.00 to $27.00 in a report released on Tuesday morning, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other research analysts have also recently issued reports on the stock. Robert W. Baird cut shares of Highwoods Properties from an outperform rating to a neutral rating and set a $31.00 price objective for the company. in a report on Monday, October 10th. Mizuho decreased their price objective on shares of Highwoods Properties from $37.00 to $31.00 and set a neutral rating for the company in a report on Wednesday, October 19th. Truist Financial decreased their price objective on shares of Highwoods Properties to $36.00 in a report on Wednesday, November 16th. Morgan Stanley reduced their price target on shares of Highwoods Properties from $34.00 to $30.00 and set an overweight rating for the company in a report on Wednesday, November 23rd. Finally, StockNews.com initiated coverage on shares of Highwoods Properties in a report on Wednesday, October 12th. They issued a hold rating for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $32.00.

Highwoods Properties Stock Down 2.1 %

Shares of NYSE HIW opened at $28.82 on Tuesday. The stock has a market cap of $3.03 billion, a P/E ratio of 12.01 and a beta of 1.10. The firm has a 50 day moving average price of $28.58 and a 200 day moving average price of $29.78. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. Highwoods Properties has a 52-week low of $24.51 and a 52-week high of $47.01.

Institutional Trading of Highwoods Properties

A number of institutional investors have recently made changes to their positions in the business. Cohen & Steers Inc. lifted its position in shares of Highwoods Properties by 9.4% in the third quarter. Cohen & Steers Inc. now owns 17,239,625 shares of the real estate investment trust’s stock worth $464,708,000 after purchasing an additional 1,475,867 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Highwoods Properties by 1.2% in the third quarter. Vanguard Group Inc. now owns 16,319,629 shares of the real estate investment trust’s stock worth $439,978,000 after purchasing an additional 193,977 shares in the last quarter. State Street Corp lifted its position in shares of Highwoods Properties by 0.9% in the second quarter. State Street Corp now owns 6,399,371 shares of the real estate investment trust’s stock worth $218,794,000 after purchasing an additional 55,672 shares in the last quarter. FMR LLC lifted its position in shares of Highwoods Properties by 3.4% in the second quarter. FMR LLC now owns 5,312,711 shares of the real estate investment trust’s stock worth $181,641,000 after purchasing an additional 175,377 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Highwoods Properties by 3.1% in the third quarter. Daiwa Securities Group Inc. now owns 2,251,325 shares of the real estate investment trust’s stock worth $60,695,000 after purchasing an additional 68,008 shares in the last quarter. Institutional investors own 94.57% of the company’s stock.

Highwoods Properties Company Profile

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Highwoods Properties, Inc operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Charlotte, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa.

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