Highwoods Properties (NYSE:HIW) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

Highwoods Properties (NYSE:HIW) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a $35.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $31.00. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 5.90% from the company’s previous close.

HIW has been the topic of a number of other reports. Truist Financial boosted their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Robert W. Baird boosted their price objective on Highwoods Properties from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company raised their price objective on Highwoods Properties from $22.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Highwoods Properties currently has a consensus rating of “Hold” and a consensus price target of $27.86.

Highwoods Properties Stock Performance

NYSE HIW opened at $33.05 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.29 and a quick ratio of 1.29. Highwoods Properties has a 1-year low of $17.06 and a 1-year high of $33.96. The business has a 50 day simple moving average of $31.76 and a two-hundred day simple moving average of $27.99. The stock has a market capitalization of $3.50 billion, a PE ratio of 27.09 and a beta of 1.26.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.31). Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The business had revenue of $204.74 million during the quarter, compared to analysts’ expectations of $205.06 million. During the same period last year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, research analysts predict that Highwoods Properties will post 3.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC boosted its stake in shares of Highwoods Properties by 77.2% during the fourth quarter. Hsbc Holdings PLC now owns 187,133 shares of the real estate investment trust’s stock valued at $4,324,000 after purchasing an additional 81,529 shares during the period. Parallel Advisors LLC boosted its position in Highwoods Properties by 36.6% in the 4th quarter. Parallel Advisors LLC now owns 5,013 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 1,342 shares during the period. Treasurer of the State of North Carolina grew its stake in Highwoods Properties by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 46,144 shares of the real estate investment trust’s stock worth $1,059,000 after acquiring an additional 450 shares in the last quarter. Edge Capital Group LLC increased its position in shares of Highwoods Properties by 7.7% during the fourth quarter. Edge Capital Group LLC now owns 133,316 shares of the real estate investment trust’s stock worth $3,061,000 after acquiring an additional 9,555 shares during the period. Finally, Cullen Capital Management LLC bought a new stake in shares of Highwoods Properties during the fourth quarter valued at approximately $325,000. 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.