Highwoods Properties, Inc. (NYSE:HIW) Receives $24.38 Consensus PT from Brokerages

Highwoods Properties, Inc. (NYSE:HIW) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.38.

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft started coverage on Highwoods Properties in a research note on Tuesday, January 30th. They issued a “buy” rating and a $28.00 price objective on the stock. Robert W. Baird increased their price target on Highwoods Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Truist Financial increased their price target on Highwoods Properties from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th.

Highwoods Properties Trading Down 2.5 %

Highwoods Properties stock opened at $24.48 on Friday. The business has a 50 day moving average price of $24.38 and a two-hundred day moving average price of $22.02. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.33. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 17.61 and a beta of 1.23. Highwoods Properties has a 12 month low of $17.06 and a 12 month high of $26.27.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 8.17%. The ex-dividend date of this dividend was Friday, February 16th. Highwoods Properties’s payout ratio is 143.88%.

Hedge Funds Weigh In On Highwoods Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates lifted its position in Highwoods Properties by 14.1% during the first quarter. Raymond James & Associates now owns 28,170 shares of the real estate investment trust’s stock worth $1,289,000 after acquiring an additional 3,480 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Highwoods Properties during the first quarter worth approximately $215,000. MetLife Investment Management LLC lifted its position in Highwoods Properties by 34.0% during the first quarter. MetLife Investment Management LLC now owns 67,793 shares of the real estate investment trust’s stock worth $3,101,000 after acquiring an additional 17,208 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Highwoods Properties by 11.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,442 shares of the real estate investment trust’s stock worth $1,758,000 after acquiring an additional 3,834 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Highwoods Properties by 5.8% during the first quarter. Great West Life Assurance Co. Can now owns 144,790 shares of the real estate investment trust’s stock worth $6,847,000 after acquiring an additional 7,918 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

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.