Brokerages Set Highwoods Properties, Inc. (NYSE:HIW) Target Price at $24.38

Highwoods Properties, Inc. (NYSE:HIW - Get Free Report) has been given a consensus recommendation of "Hold" by the eight analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.38.

A number of research firms have recently commented on HIW. Robert W. Baird lifted their target price on Highwoods Properties from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Highwoods Properties in a research report on Tuesday, January 30th. They set a "buy" rating and a $28.00 target price for the company. Morgan Stanley lifted their price target on shares of Highwoods Properties from $18.00 to $21.00 and gave the stock an "underweight" rating in a report on Thursday, March 28th. Finally, Truist Financial raised their target price on Highwoods Properties from $28.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th.

Highwoods Properties Stock Down 2.6 %

Highwoods Properties stock traded down $0.65 during midday trading on Friday, hitting $24.46. 650,293 shares of the stock were exchanged, compared to its average volume of 1,315,529. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 17.60 and a beta of 1.23. Highwoods Properties has a 52-week low of $17.06 and a 52-week high of $26.27. The business's 50-day moving average price is $24.38 and its 200-day moving average price is $21.99.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.18%. The ex-dividend date of this dividend was Friday, February 16th. Highwoods Properties's dividend payout ratio is currently 143.89%.

Institutional Trading of Highwoods Properties

A number of hedge funds have recently made changes to their positions in HIW. CENTRAL TRUST Co grew its position in Highwoods Properties by 76.6% during the 3rd quarter. CENTRAL TRUST Co now owns 1,095 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Quarry LP bought a new position in shares of Highwoods Properties in the first quarter worth approximately $27,000. KBC Group NV purchased a new stake in shares of Highwoods Properties during the fourth quarter valued at approximately $30,000. Riverview Trust Co bought a new stake in shares of Highwoods Properties during the first quarter valued at approximately $34,000. Finally, International Assets Investment Management LLC purchased a new position in Highwoods Properties in the 4th quarter worth approximately $31,000. 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.