Credit Suisse Group assumed coverage on shares of Highwoods Properties (NYSE:HIW – Get Rating) in a report released on Wednesday, The Fly reports. The firm set a “neutral” rating and a $34.00 price target on the real estate investment trust’s stock. Credit Suisse Group’s price objective points to a potential upside of 0.38% from the stock’s current price.
Several other brokerages have also weighed in on HIW. TheStreet lowered shares of Highwoods Properties from a “b-” rating to a “c+” rating in a research report on Friday, June 17th. Mizuho initiated coverage on shares of Highwoods Properties in a research note on Friday, April 22nd. They issued a “neutral” rating and a $46.00 price target on the stock. Finally, StockNews.com downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Saturday, April 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.
NYSE:HIW opened at $33.87 on Wednesday. The firm’s 50-day moving average is $38.97 and its 200-day moving average is $42.38. Highwoods Properties has a 52-week low of $32.85 and a 52-week high of $48.82. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 2.20 and a beta of 1.08.
Several hedge funds have recently bought and sold shares of the company. Verdence Capital Advisors LLC boosted its holdings in Highwoods Properties by 3.7% during the 1st quarter. Verdence Capital Advisors LLC now owns 7,500 shares of the real estate investment trust’s stock valued at $343,000 after acquiring an additional 265 shares during the period. State of Michigan Retirement System raised its position in shares of Highwoods Properties by 1.1% in the 4th quarter. State of Michigan Retirement System now owns 26,401 shares of the real estate investment trust’s stock worth $1,177,000 after acquiring an additional 300 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in Highwoods Properties by 0.9% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 36,519 shares of the real estate investment trust’s stock valued at $1,628,000 after buying an additional 313 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in Highwoods Properties by 3.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 9,573 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 334 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Highwoods Properties by 1.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 23,300 shares of the real estate investment trust’s stock valued at $1,039,000 after buying an additional 347 shares in the last quarter. 98.16% of the stock is currently owned by hedge funds and other institutional investors.
About Highwoods Properties (Get Rating)
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
- Get a free copy of the StockNews.com research report on Highwoods Properties (HIW)
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