Highwoods Properties (NYSE:HIW) Raised to Hold at 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 Monday.

HIW has been the topic of several other reports. Robert W. Baird set a $29.00 target price on Highwoods Properties in a research report on Wednesday, February 25th. Truist Financial lowered their price target on Highwoods Properties from $29.00 to $23.00 and set a “hold” rating for the company in a report on Tuesday, March 17th. Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Mizuho cut their price objective on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Highwoods Properties in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.78.

Highwoods Properties Price Performance

Shares of HIW opened at $21.01 on Monday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 14.39 and a beta of 1.07. Highwoods Properties has a twelve month low of $20.50 and a twelve month high of $32.76. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $23.96 and a two-hundred day moving average of $27.02.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.58). Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.The firm had revenue of $203.36 million during the quarter, compared to analysts’ expectations of $208.08 million. During the same period in the prior year, the firm posted $0.85 earnings per share. Highwoods Properties’s revenue for the quarter was down .9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. As a group, analysts predict that Highwoods Properties will post 3.36 earnings per share for the current fiscal year.

Institutional Trading of Highwoods Properties

Several large investors have recently added to or reduced their stakes in the company. Inscription Capital LLC boosted its position in Highwoods Properties by 185.1% in the third quarter. Inscription Capital LLC now owns 40,370 shares of the real estate investment trust’s stock valued at $1,285,000 after buying an additional 26,211 shares during the last quarter. JPMorgan Chase & Co. raised its position in Highwoods Properties by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 772,326 shares of the real estate investment trust’s stock worth $24,575,000 after buying an additional 61,443 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Highwoods Properties by 3.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,302,750 shares of the real estate investment trust’s stock valued at $200,554,000 after acquiring an additional 205,761 shares during the period. Aew Capital Management L P lifted its stake in Highwoods Properties by 95.4% during the 3rd quarter. Aew Capital Management L P now owns 2,344,571 shares of the real estate investment trust’s stock valued at $74,604,000 after acquiring an additional 1,144,991 shares during the period. Finally, Norges Bank purchased a new stake in shares of Highwoods Properties in the 2nd quarter valued at $43,203,000. Hedge funds and other 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.