Highwoods Properties' (HIW) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Highwoods Properties (NYSE:HIW - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other analysts have also weighed in on the stock. Mizuho lifted their price objective on shares of Highwoods Properties from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Truist Financial lifted their price objective on shares of Highwoods Properties from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Wolfe Research initiated coverage on shares of Highwoods Properties in a research note on Wednesday. They set an "outperform" rating and a $38.00 price target for the company. Finally, Wall Street Zen lowered shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Highwoods Properties currently has a consensus rating of "Hold" and an average price target of $32.67.

Highwoods Properties Stock Performance

NYSE:HIW opened at $31.59 on Wednesday. The company has a fifty day moving average of $30.74 and a 200-day moving average of $30.03. The firm has a market capitalization of $3.41 billion, a P/E ratio of 26.55 and a beta of 1.24. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. Highwoods Properties has a twelve month low of $24.18 and a twelve month high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.04. The company had revenue of $200.60 million during the quarter, compared to analyst estimates of $203.22 million. Highwoods Properties had a net margin of 16.15% and a return on equity of 5.57%. Highwoods Properties's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. As a group, sell-side analysts anticipate that Highwoods Properties will post 3.36 EPS for the current year.

Insider Transactions at Highwoods Properties

In other Highwoods Properties news, Director David John Hartzell sold 4,300 shares of Highwoods Properties stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $32.10, for a total transaction of $138,030.00. Following the transaction, the director directly owned 27,489 shares of the company's stock, valued at $882,396.90. The trade was a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Highwoods Properties

Hedge funds have recently bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Highwoods Properties by 3.4% during the 1st quarter. Cerity Partners LLC now owns 17,106 shares of the real estate investment trust's stock worth $507,000 after acquiring an additional 560 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Highwoods Properties by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 534,155 shares of the real estate investment trust's stock worth $15,832,000 after buying an additional 20,458 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Highwoods Properties by 35.7% in the 1st quarter. Teacher Retirement System of Texas now owns 28,920 shares of the real estate investment trust's stock worth $857,000 after buying an additional 7,601 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Highwoods Properties by 7.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,908 shares of the real estate investment trust's stock worth $205,000 after buying an additional 496 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Highwoods Properties by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust's stock worth $156,000 after buying an additional 493 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

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.

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