Highwoods Properties (NYSE:HIW) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist Financial raised the price target for Highwoods Properties from $32.00 to $33.00, indicating a potential upside of 5.65% from its current share price.
• The company has a consensus rating of "Hold" from analysts, with one analyst rating it as a "Buy" and five as "Hold."
• Highwoods Properties' financial performance showed $0.89 earnings per share for the last quarter, surpassing expectations, but revenue decreased by 2.0% compared to the previous year.

Highwoods Properties (NYSE:HIW - Get Free Report) had its target price boosted by research analysts at Truist Financial from $32.00 to $33.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price target suggests a potential upside of 4.51% from the company's previous close.

Several other research firms also recently weighed in on HIW. Wells Fargo & Company dropped their target price on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Wall Street Zen downgraded shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Mizuho lifted their target price on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Highwoods Properties has a consensus rating of "Hold" and an average target price of $32.17.

Highwoods Properties Price Performance

Shares of NYSE HIW traded down $0.28 during midday trading on Wednesday, reaching $31.58. The company's stock had a trading volume of 469,116 shares, compared to its average volume of 1,007,052. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average price of $30.24 and a 200 day moving average price of $29.56. Highwoods Properties has a one year low of $24.18 and a one year high of $36.78. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 26.60 and a beta of 1.27.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.04. The business had revenue of $200.60 million for the quarter, compared to the consensus estimate of $203.22 million. Highwoods Properties had a net margin of 16.15% and a return on equity of 5.57%. The business's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. On average, equities research analysts expect that Highwoods Properties will post 3.36 EPS for the current year.

Institutional Trading of Highwoods Properties

Large investors have recently added to or reduced their stakes in the business. POM Investment Strategies LLC bought a new stake in Highwoods Properties in the first quarter worth approximately $28,000. Avalon Trust Co bought a new stake in Highwoods Properties in the first quarter worth approximately $35,000. Geneos Wealth Management Inc. grew its position in Highwoods Properties by 292.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 1,252 shares in the last quarter. MAI Capital Management grew its position in Highwoods Properties by 67.3% in the second quarter. MAI Capital Management now owns 1,803 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 725 shares in the last quarter. Finally, GF Fund Management CO. LTD. bought a new stake in Highwoods Properties in the fourth quarter worth approximately $59,000. 96.31% of the stock is owned by 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.