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

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

HIW has been the subject of several other research reports. Morgan Stanley increased their target price on shares of Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Wolfe Research started coverage on Highwoods Properties in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $38.00 target price for the company. Finally, New Street Research set a $30.00 price objective on Highwoods Properties in a report on Monday, October 13th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.75.

Highwoods Properties Stock Up 1.2%

Shares of NYSE:HIW opened at $27.52 on Friday. Highwoods Properties has a 12-month low of $24.18 and a 12-month high of $32.76. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.44. The firm has a market cap of $3.02 billion, a P/E ratio of 23.52 and a beta of 1.07. The business has a fifty day simple moving average of $26.79 and a 200 day simple moving average of $29.15.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Highwoods Properties had a return on equity of 5.48% and a net margin of 15.98%.The company had revenue of $201.77 million for the quarter, compared to analyst estimates of $205.74 million. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. Analysts predict that Highwoods Properties will post 3.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HIW. Vanguard Group Inc. increased its holdings in shares of Highwoods Properties by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 16,496,091 shares of the real estate investment trust’s stock worth $524,906,000 after buying an additional 295,289 shares during the last quarter. State Street Corp raised its stake in Highwoods Properties by 1.3% in the second quarter. State Street Corp now owns 6,564,027 shares of the real estate investment trust’s stock worth $204,076,000 after buying an additional 86,506 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Highwoods Properties by 3.4% in the third 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 purchasing an additional 205,761 shares during the last quarter. Aew Capital Management L P lifted its position in Highwoods Properties by 95.4% during the third 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 last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Highwoods Properties by 0.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,348 shares of the real estate investment trust’s stock worth $70,174,000 after buying an additional 14,410 shares during the last quarter. 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.