Highwoods Properties, Inc. (NYSE:HIW – Get Rating)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $29.07 and last traded at $29.40, with a volume of 43254 shares trading hands. The stock had previously closed at $29.66.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. TheStreet lowered shares of Highwoods Properties from a “b-” rating to a “c+” rating in a research report on Friday, June 17th. Wells Fargo & Company decreased their price target on shares of Highwoods Properties from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 30th. Morgan Stanley decreased their price target on shares of Highwoods Properties from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, September 9th. Truist Financial reduced their target price on shares of Highwoods Properties from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, September 14th. Finally, StockNews.com downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.57.
Highwoods Properties Trading Down 1.4 %
The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.35. The business has a 50-day simple moving average of $32.62 and a two-hundred day simple moving average of $37.38. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 10.40 and a beta of 1.10.
Highwoods Properties Announces Dividend
Institutional Investors Weigh In On Highwoods Properties
Several large investors have recently made changes to their positions in HIW. Amundi raised its stake in Highwoods Properties by 29.8% in the 2nd quarter. Amundi now owns 84,346 shares of the real estate investment trust’s stock valued at $2,787,000 after acquiring an additional 19,352 shares during the period. Captrust Financial Advisors bought a new position in Highwoods Properties during the 2nd quarter worth $467,000. Legal & General Group Plc increased its position in Highwoods Properties by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 818,099 shares of the real estate investment trust’s stock worth $27,971,000 after buying an additional 36,150 shares during the period. ExodusPoint Capital Management LP grew its holdings in shares of Highwoods Properties by 1,576.4% during the 2nd quarter. ExodusPoint Capital Management LP now owns 160,532 shares of the real estate investment trust’s stock worth $5,489,000 after purchasing an additional 150,956 shares in the last quarter. Finally, Neo Ivy Capital Management grew its holdings in shares of Highwoods Properties by 409.7% during the 2nd quarter. Neo Ivy Capital Management now owns 2,314 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,860 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.
About Highwoods Properties
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
- Get a free copy of the StockNews.com research report on Highwoods Properties (HIW)
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