Highwoods Properties, Inc. (NYSE:HIW) Receives Average Recommendation of “Hold” from Analysts

Shares of Highwoods Properties, Inc. (NYSE:HIW) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $24.75.

Several analysts recently issued reports on HIW shares. Robert W. Baird upped their price objective on shares of Highwoods Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft raised their price target on Highwoods Properties from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial increased their target price on Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Morgan Stanley upped their price target on Highwoods Properties from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, March 28th.

Highwoods Properties Stock Up 1.9 %

Shares of HIW stock opened at $27.28 on Tuesday. The stock’s 50 day simple moving average is $24.96 and its 200 day simple moving average is $22.60. Highwoods Properties has a twelve month low of $17.06 and a twelve month high of $27.57. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 22.36 and a beta of 1.23.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Friday, May 17th. Highwoods Properties’s dividend payout ratio is 163.93%.

Institutional Trading of Highwoods Properties

Several institutional investors have recently made changes to their positions in HIW. International Assets Investment Management LLC acquired a new stake in Highwoods Properties during the fourth quarter valued at approximately $31,000. Riverview Trust Co bought a new stake in shares of Highwoods Properties in the 1st quarter worth about $34,000. Planned Solutions Inc. acquired a new stake in shares of Highwoods Properties during the 4th quarter worth about $38,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Highwoods Properties during the 3rd quarter worth about $44,000. Finally, GAMMA Investing LLC acquired a new position in Highwoods Properties in the fourth quarter valued at about $53,000. 96.31% of the stock is currently owned by institutional investors and hedge funds.

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.