Highwoods Properties (NYSE:HIW) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Highwoods Properties (NYSE:HIW) from a sell rating to a hold rating in a research note published on Wednesday.

HIW has been the subject of a number of other reports. Truist Financial lowered their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group reduced their target price on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Finally, Mizuho boosted their price target on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.71.

Highwoods Properties Stock Up 2.7 %

NYSE:HIW opened at $28.84 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. Highwoods Properties has a 1-year low of $23.52 and a 1-year high of $36.78. The company has a 50-day moving average of $29.46 and a 200 day moving average of $31.48. The firm has a market cap of $3.10 billion, a PE ratio of 30.35 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. As a group, research analysts anticipate that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend is Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is 210.53%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HIW. Jones Financial Companies Lllp raised its position in Highwoods Properties by 375.0% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 675 shares during the last quarter. Quarry LP acquired a new stake in shares of Highwoods Properties in the third quarter valued at approximately $48,000. GF Fund Management CO. LTD. purchased a new position in Highwoods Properties during the fourth quarter worth $59,000. Smartleaf Asset Management LLC lifted its holdings in Highwoods Properties by 124.7% in the 4th 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 boosted its position in shares of Highwoods Properties by 363.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 2,331 shares during the last quarter. Institutional investors and hedge funds 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.