Highwoods Properties (NYSE:HIW) Upgraded at Wall Street Zen

Key Points

• Highwoods Properties was upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a more favorable outlook for the stock.
• Analysts have set an average target price of $32.17 for Highwoods Properties, with ratings of "hold" from multiple brokerages, while Mizuho recently increased their price target to $30.00.
• The company reported an EPS of $0.89 for the latest quarter, surpassing expectations, although revenue decreased by 2.0% year-over-year.

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

Several other brokerages have also commented on HIW. Mizuho upped their price target on Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wells Fargo & Company decreased their target price on Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Finally, Truist Financial upped their target price on Highwoods Properties from $32.00 to $33.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Highwoods Properties currently has an average rating of "Hold" and an average target price of $32.17.

Highwoods Properties Stock Performance

NYSE HIW opened at $32.40 on Friday. Highwoods Properties has a fifty-two week low of $24.18 and a fifty-two week high of $36.78. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 27.23 and a beta of 1.27. The business has a fifty day moving average of $30.33 and a 200-day moving average of $29.66. 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 (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, beating the consensus estimate of $0.85 by $0.04. The firm had revenue of $200.60 million during the quarter, compared to analyst estimates of $203.22 million. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.The business's quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. As a group, analysts predict that Highwoods Properties will post 3.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. POM Investment Strategies LLC bought a new position in Highwoods Properties during the 1st quarter worth approximately $28,000. Avalon Trust Co bought a new position in Highwoods Properties during the 1st quarter worth approximately $35,000. Geneos Wealth Management Inc. lifted its holdings in Highwoods Properties by 292.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust's stock worth $50,000 after buying an additional 1,252 shares during the last quarter. MAI Capital Management lifted its holdings in Highwoods Properties by 67.3% during the 2nd quarter. MAI Capital Management now owns 1,803 shares of the real estate investment trust's stock worth $56,000 after buying an additional 725 shares during the last quarter. Finally, GF Fund Management CO. LTD. bought a new position in Highwoods Properties during the 4th quarter worth approximately $59,000. 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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