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

Shares of Highwoods Properties, Inc. (NYSE:HIW) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.86.

A number of equities analysts have weighed in on HIW shares. Mizuho upped their target price on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. StockNews.com upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, March 14th. Truist Financial decreased their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Jefferies Financial Group started coverage on Highwoods Properties in a research note on Monday. They issued a “buy” rating and a $32.00 target price on the stock.

Highwoods Properties Stock Performance

NYSE:HIW opened at $28.87 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. Highwoods Properties has a 52-week low of $23.52 and a 52-week high of $36.78. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 30.39 and a beta of 1.25. The business’s fifty day moving average is $29.13 and its 200 day moving average is $31.24.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Research analysts predict that Highwoods Properties will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties’s payout ratio is currently 210.53%.

Hedge Funds Weigh In On Highwoods Properties

A number of hedge funds and other institutional investors have recently modified their holdings of HIW. Jones Financial Companies Lllp boosted its holdings in Highwoods Properties by 375.0% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 675 shares during the period. Quarry LP purchased a new stake in Highwoods Properties during the 3rd quarter valued at about $48,000. GF Fund Management CO. LTD. purchased a new stake in Highwoods Properties during the 4th quarter valued at about $59,000. Smartleaf Asset Management LLC boosted its holdings in Highwoods Properties by 124.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 1,351 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Highwoods Properties by 363.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 2,331 shares during the period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Company Profile

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.