Highwoods Properties, Inc. (HIW) – What Are Investment Firms Thinking About This Stock?

Highwoods Properties, Inc. (NYSE:HIW) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.00.

HIW has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Highwoods Properties from $26.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a report on Wednesday, August 5th. Huntington initiated coverage on Highwoods Properties in a report on Wednesday, October 28th. They set a “hold” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Highwoods Properties in a research note on Thursday, October 29th. Finally, Mizuho set a $32.00 price target on Highwoods Properties in a report on Tuesday, September 8th.

Highwoods Properties Trading Down 0.7%

NYSE:HIW opened at $31.49 on Friday. Highwoods Properties has a twelve month low of $20.45 and a twelve month high of $35.44. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.38. The business has a 50 day moving average price of $30.16 and a two-hundred day moving average price of $27.63. The company has a market cap of $3.47 billion, a P/E ratio of 18.64 and a beta of 1.08.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. The business had revenue of $218.18 million during the quarter, compared to the consensus estimate of $216.39 million. Highwoods Properties had a net margin of 22.56% and a return on equity of 7.68%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. As a group, analysts expect that Highwoods Properties will post 3.57 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Monday, November 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Monday, November 16th. Highwoods Properties’s dividend payout ratio (DPR) is currently 118.34%.

Hedge Funds Weigh In On Highwoods Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIW. Pension & Wealth Management Advisors Inc. acquired a new position in Highwoods Properties during the third quarter worth about $28,000. Elevation Wealth Partners LLC lifted its holdings in shares of Highwoods Properties by 752.0% in the second quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 940 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Highwoods Properties in the 2nd quarter valued at approximately $34,000. Allworth Financial LP acquired a new stake in shares of Highwoods Properties in the 2nd quarter valued at approximately $38,000. Finally, State of Wyoming acquired a new stake in shares of Highwoods Properties in the 1st quarter valued at approximately $57,000. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Company Profile

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. Its portfolio includes office towers, campuses and mixed-use assets designed to serve businesses across a range of industries.

The company focuses on select high-growth markets in the U.S. Sun Belt, including Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond and Tampa. In addition to leasing office space, Highwoods provides property management, development and tenant-support services for its buildings and commercial real estate customers.

Highwoods Properties is headquartered in Raleigh, North Carolina.