Brokerages Set Highwoods Properties, Inc. (NYSE:HIW) Target Price at $30.86

Highwoods Properties, Inc. (NYSE:HIWGet Free Report) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.86.

Several research analysts have weighed in on HIW shares. Jefferies Financial Group decreased their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Robert W. Baird lifted their target price on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Mizuho boosted their price target on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company raised their price objective on Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th.

View Our Latest Stock Report on Highwoods Properties

Institutional Trading of Highwoods Properties

Several institutional investors have recently made changes to their positions in HIW. McClarren Financial Advisors Inc. bought a new stake in Highwoods Properties in the 4th quarter valued at $155,000. Van ECK Associates Corp boosted its holdings in shares of Highwoods Properties by 16.8% during the 4th quarter. Van ECK Associates Corp now owns 23,191 shares of the real estate investment trust’s stock valued at $710,000 after purchasing an additional 3,335 shares during the last quarter. TCV Trust & Wealth Management Inc. grew its position in shares of Highwoods Properties by 13.9% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 12,325 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 1,500 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Highwoods Properties in the fourth quarter worth about $367,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Highwoods Properties by 319.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,972 shares of the real estate investment trust’s stock worth $14,678,000 after buying an additional 365,454 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Price Performance

Shares of NYSE:HIW opened at $28.54 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3.03 billion, a PE ratio of 21.30 and a beta of 1.24. The firm’s 50 day moving average price is $30.52 and its 200-day moving average price is $31.61. Highwoods Properties has a twelve month low of $21.46 and a twelve month high of $36.78.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.01%. Highwoods Properties’s payout ratio is 149.25%.

Highwoods Properties Company Profile

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Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.

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Analyst Recommendations for Highwoods Properties (NYSE:HIW)

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