Highwoods Properties (NYSE:HIW) Rating Lowered to Sell at StockNews.com

Highwoods Properties (NYSE:HIW) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

HIW has been the topic of a number of other reports. Truist Financial lowered their price objective 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. Jefferies Financial Group began coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They set a “buy” rating and a $32.00 price target on the stock. Finally, Mizuho lifted their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.50.

Highwoods Properties Stock Performance

HIW traded down $1.95 during midday trading on Thursday, reaching $27.91. The company had a trading volume of 788,554 shares, compared to its average volume of 907,701. Highwoods Properties has a 12-month low of $23.52 and a 12-month high of $36.78. The business has a 50-day moving average price of $29.04 and a two-hundred day moving average price of $31.04. The stock has a market cap of $3.00 billion, a PE ratio of 29.37 and a beta of 1.25. 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 (NYSE:HIW) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. On average, sell-side analysts expect that Highwoods Properties will post 3.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Highwoods Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 675 shares during the last quarter. Quarry LP purchased a new position in shares of Highwoods Properties during the third quarter worth about $48,000. GF Fund Management CO. LTD. bought a new position in shares of Highwoods Properties in the fourth quarter worth approximately $59,000. Smartleaf Asset Management LLC raised its stake in Highwoods Properties by 124.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 1,351 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Highwoods Properties by 363.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 2,331 shares during the last quarter. Hedge funds and other 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.