Brokerages Set Highwoods Properties, Inc. (NYSE:HIW) PT at $25.86

Shares of Highwoods Properties, Inc. (NYSE:HIW) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $25.86.

Several research firms have recently issued reports on HIW. Deutsche Bank Aktiengesellschaft raised their target price on shares of Highwoods Properties from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Truist Financial raised their price target on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, Robert W. Baird raised their price target on shares of Highwoods Properties from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HIW. International Assets Investment Management LLC purchased a new position in Highwoods Properties during the 4th quarter valued at about $31,000. Riverview Trust Co purchased a new position in Highwoods Properties during the 1st quarter valued at about $34,000. Abich Financial Wealth Management LLC grew its position in shares of Highwoods Properties by 45.5% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 580 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Highwoods Properties in the 4th quarter worth approximately $53,000. Finally, Versant Capital Management Inc grew its position in shares of Highwoods Properties by 141.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,214 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Price Performance

Highwoods Properties stock opened at $31.26 on Thursday. The firm has a 50-day moving average price of $28.13 and a 200-day moving average price of $26.09. The firm has a market capitalization of $3.31 billion, a PE ratio of 25.62 and a beta of 1.26. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.34. Highwoods Properties has a 12-month low of $17.06 and a 12-month high of $32.22.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.31). The firm had revenue of $204.74 million during the quarter, compared to the consensus estimate of $205.06 million. Highwoods Properties had a return on equity of 6.33% and a net margin of 18.30%. Highwoods Properties’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. As a group, equities research analysts forecast that Highwoods Properties will post 3.58 EPS for the current year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date is Monday, August 19th. Highwoods Properties’s dividend payout ratio (DPR) is 163.93%.

About Highwoods Properties

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.