Highwoods Properties (NYSE:HIW) Rating Increased to Hold at Wall Street Zen

Key Points

• Highwoods Properties' rating has been upgraded from "sell" to "hold" by Wall Street Zen, reflecting a more favorable outlook from investment analysts.
• The company has seen positive adjustments in price targets from several analysts, with Truist Financial updating their estimate from $32.00 to $33.00.
• Highwoods Properties reported earnings of $0.89 per share for the last quarter, surpassing expectations of $0.85, despite a slight decline in revenue compared to the previous year.

Highwoods Properties (NYSE:HIW - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

HIW has been the subject of several other research reports. Truist Financial raised their price objective on Highwoods Properties from $32.00 to $33.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Wolfe Research started coverage on Highwoods Properties in a report on Wednesday. They set an "outperform" rating and a $38.00 price target for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Highwoods Properties in a report on Wednesday. Finally, Mizuho lifted their price target on Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $32.67.

Highwoods Properties Price Performance

Shares of NYSE HIW opened at $30.29 on Friday. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 25.45 and a beta of 1.24. The business has a 50-day moving average of $30.81 and a 200-day moving average of $30.05. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.38 and a quick ratio of 1.38. Highwoods Properties has a fifty-two week low of $24.18 and a fifty-two week high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced 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 analysts' expectations of $203.22 million. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.Highwoods Properties's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. As a group, sell-side analysts predict that Highwoods Properties will post 3.36 earnings per share for the current fiscal year.

Insider Activity

In other news, Director David John Hartzell sold 4,300 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total transaction of $138,030.00. Following the completion of the sale, the director owned 27,489 shares in the company, valued at $882,396.90. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its position in Highwoods Properties by 5.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,105 shares of the real estate investment trust's stock worth $248,000 after purchasing an additional 383 shares during the period. Park Avenue Securities LLC bought a new stake in shares of Highwoods Properties during the 1st quarter worth approximately $214,000. GAMMA Investing LLC boosted its position in shares of Highwoods Properties by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust's stock worth $156,000 after acquiring an additional 493 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Highwoods Properties during the 1st quarter worth approximately $1,045,000. Finally, Simon Quick Advisors LLC acquired a new position in Highwoods Properties during the first quarter valued at approximately $234,000. 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.

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