Highwoods Properties (NYSE:HIW) Given New $31.00 Price Target at Deutsche Bank Aktiengesellschaft

Highwoods Properties (NYSE:HIW) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $28.00 to $31.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird boosted their target price on Highwoods Properties from $25.00 to $26.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Morgan Stanley upped their price objective on Highwoods Properties from $18.00 to $21.00 and gave the company an underweight rating in a report on Thursday, March 28th. Finally, Truist Financial lifted their target price on Highwoods Properties from $28.00 to $29.00 and gave the stock a buy rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $24.75.

Highwoods Properties Stock Down 0.8 %

HIW stock opened at $26.40 on Monday. The firm’s 50-day moving average is $25.15 and its two-hundred day moving average is $22.75. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 21.64 and a beta of 1.20. Highwoods Properties has a 52 week low of $17.06 and a 52 week high of $27.57. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.37.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Monday, May 20th will be given a $0.50 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.58%. Highwoods Properties’s dividend payout ratio (DPR) is 163.93%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Highwoods Properties by 7.0% during the third quarter. Vanguard Group Inc. now owns 17,371,014 shares of the real estate investment trust’s stock valued at $358,017,000 after buying an additional 1,139,688 shares in the last quarter. Franklin Resources Inc. grew its stake in Highwoods Properties by 42.0% during the 4th quarter. Franklin Resources Inc. now owns 4,614,624 shares of the real estate investment trust’s stock valued at $105,952,000 after acquiring an additional 1,364,176 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Highwoods Properties by 0.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,328,382 shares of the real estate investment trust’s stock valued at $53,459,000 after purchasing an additional 9,397 shares during the period. PGGM Investments acquired a new stake in shares of Highwoods Properties during the fourth quarter worth approximately $46,833,000. Finally, Charles Schwab Investment Management Inc. grew its position in Highwoods Properties by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,898,083 shares of the real estate investment trust’s stock valued at $43,580,000 after purchasing an additional 124,577 shares in the last quarter. 96.31% of the stock is 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.