Highwoods Properties, Inc. (NYSE:HIW) Receives Average Rating of “Hold” from Analysts

Highwoods Properties, Inc. (NYSE:HIW – Get Rating) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $31.71.

HIW has been the subject of several research analyst reports. Credit Suisse Group dropped their price objective on shares of Highwoods Properties from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, January 24th. Wells Fargo & Company upped their target price on shares of Highwoods Properties from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, November 22nd. Truist Financial dropped their target price on shares of Highwoods Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, February 27th. Finally, Morgan Stanley dropped their target price on shares of Highwoods Properties from $30.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday, February 24th.

Hedge Funds Weigh In On Highwoods Properties

Several institutional investors and hedge funds have recently made changes to their positions in HIW. Belpointe Asset Management LLC acquired a new position in shares of Highwoods Properties in the 4th quarter valued at $28,000. CENTRAL TRUST Co grew its holdings in shares of Highwoods Properties by 76.6% in the 3rd quarter. CENTRAL TRUST Co now owns 1,095 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 475 shares during the period. Ellevest Inc. grew its holdings in shares of Highwoods Properties by 98.2% in the 4th quarter. Ellevest Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 542 shares during the period. Heritage Wealth Advisors grew its holdings in shares of Highwoods Properties by 59.0% in the 4th quarter. Heritage Wealth Advisors now owns 1,617 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 600 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of Highwoods Properties by 103.2% in the 4th quarter. IFP Advisors Inc now owns 878 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 446 shares during the period. Institutional investors and hedge funds own 94.57% of the company’s stock.

Highwoods Properties Stock Performance

HIW stock opened at $26.21 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.15 and a quick ratio of 1.15. The company has a 50 day moving average price of $28.73 and a 200 day moving average price of $28.58. Highwoods Properties has a fifty-two week low of $24.51 and a fifty-two week high of $47.01. The stock has a market capitalization of $2.76 billion, a PE ratio of 17.83 and a beta of 1.14.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.63%. The ex-dividend date of this dividend is Friday, February 17th. Highwoods Properties’s dividend payout ratio (DPR) is 136.05%.

Highwoods Properties Company Profile

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Highwoods Properties, Inc operates as a real estate investment trust, which engages in the operation, acquisition and development of rental office properties. It operates through the following geographical segments: Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond, and Tampa. The company was founded by Ronald P.