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

Highwoods Properties (NYSE:HIW) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

HIW has been the subject of a number of other research reports. Wells Fargo & Company cut their price objective on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $27.00 target price on shares of Highwoods Properties in a report on Thursday, February 19th. Mizuho cut their target price on Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Highwoods Properties in a report on Thursday, January 22nd. Finally, Robert W. Baird set a $29.00 price target on Highwoods Properties in a research report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $29.20.

Highwoods Properties Stock Performance

Shares of HIW opened at $22.16 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.41 and a quick ratio of 1.41. The firm’s 50 day moving average is $25.14 and its 200-day moving average is $27.80. Highwoods Properties has a 12-month low of $21.56 and a 12-month high of $32.76. The stock has a market capitalization of $2.44 billion, a P/E ratio of 15.18 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.58). The business had revenue of $203.36 million for the quarter, compared to analyst estimates of $208.08 million. Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Equities research 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 HIW. Caitong International Asset Management Co. Ltd increased its holdings in Highwoods Properties by 88.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 372 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in Highwoods Properties by 921.4% in the third quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 774 shares during the last quarter. Beacon Financial Strategies CORP acquired a new stake in Highwoods Properties in the fourth quarter valued at approximately $34,000. Avalon Trust Co bought a new stake in Highwoods Properties in the third quarter worth approximately $37,000. Finally, SJS Investment Consulting Inc. acquired a new position in shares of Highwoods Properties during the 3rd quarter worth $49,000. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Company Profile

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.