Deutsche Bank Aktiengesellschaft Increases Highwoods Properties (NYSE:HIW) Price Target to $31.00

Highwoods Properties (NYSE:HIW) had its price objective hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from $28.00 to $31.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 16.59% from the company’s previous close.

Several other brokerages also recently commented on HIW. Morgan Stanley upped their target price on shares of Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, March 28th. Robert W. Baird upped their price objective on shares of Highwoods Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, Truist Financial upped their price objective on shares of Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.75.

Highwoods Properties Price Performance

Highwoods Properties stock opened at $26.59 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $2.82 billion, a P/E ratio of 21.80 and a beta of 1.23. The business has a 50-day moving average of $25.09 and a 200-day moving average of $22.72. Highwoods Properties has a 1 year low of $17.06 and a 1 year high of $27.57.

Hedge Funds Weigh In On Highwoods Properties

A number of large investors have recently added to or reduced their stakes in HIW. International Assets Investment Management LLC bought a new position in Highwoods Properties during the 4th quarter worth about $31,000. Riverview Trust Co bought a new position in Highwoods Properties during the 1st quarter worth about $34,000. Planned Solutions Inc. bought a new position in Highwoods Properties during the 4th quarter worth about $38,000. Harvest Fund Management Co. Ltd bought a new position in shares of Highwoods Properties in the 3rd quarter valued at about $44,000. Finally, GAMMA Investing LLC bought a new position in shares of Highwoods Properties in the 4th quarter valued at about $53,000. Institutional investors own 96.31% of the company’s stock.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.