Highwoods Properties (NYSE:HIW) Now Covered by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group began coverage on shares of Highwoods Properties (NYSE:HIW) in a report released on Monday, Marketbeat.com reports. The brokerage set a “buy” rating and a $32.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target indicates a potential upside of 11.45% from the stock’s previous close.

A number of other equities analysts have also weighed in on HIW. StockNews.com raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 14th. Truist Financial dropped their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Mizuho upped their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.86.

Highwoods Properties Stock Down 1.0 %

Shares of NYSE HIW opened at $28.71 on Monday. Highwoods Properties has a 12-month low of $23.52 and a 12-month high of $36.78. The company has a market capitalization of $3.09 billion, a PE ratio of 30.22 and a beta of 1.25. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50-day moving average is $29.14 and its two-hundred day moving average is $31.27.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Equities analysts anticipate that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Highwoods Properties

Several large investors have recently made changes to their positions in the business. State Street Corp increased its position in shares of Highwoods Properties by 1.7% in the third quarter. State Street Corp now owns 7,289,806 shares of the real estate investment trust’s stock worth $244,281,000 after acquiring an additional 124,646 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Highwoods Properties by 20.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,265,824 shares of the real estate investment trust’s stock worth $99,869,000 after acquiring an additional 556,828 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Highwoods Properties by 40.9% in the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock worth $107,155,000 after acquiring an additional 908,401 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Highwoods Properties by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust’s stock worth $65,235,000 after acquiring an additional 71,670 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Highwoods Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,902,036 shares of the real estate investment trust’s stock worth $63,754,000 after acquiring an additional 12,958 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Company Profile

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.