ValuEngine upgraded shares of Highwoods Properties (NYSE:HIW) from a sell rating to a hold rating in a research report sent to investors on Thursday.
HIW has been the topic of a number of other research reports. Zacks Investment Research lowered Highwoods Properties from a hold rating to a sell rating in a report on Wednesday, September 26th. Janney Montgomery Scott raised Highwoods Properties from a neutral rating to a buy rating in a report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $53.00.
NYSE:HIW opened at $42.15 on Thursday. The firm has a market capitalization of $4.31 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 2.62 and a beta of 0.86. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.13. Highwoods Properties has a 12 month low of $37.09 and a 12 month high of $52.00.
Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. Highwoods Properties had a return on equity of 7.87% and a net margin of 24.37%. The firm had revenue of $179.42 million for the quarter, compared to analyst estimates of $173.78 million. During the same quarter last year, the company posted $0.86 earnings per share. The business’s revenue was down .4% on a year-over-year basis. Analysts predict that Highwoods Properties will post 3.44 EPS for the current fiscal year.
In related news, Director Carlos E. Evans purchased 10,000 shares of the stock in a transaction that occurred on Thursday, December 27th. The shares were purchased at an average price of $38.31 per share, with a total value of $383,100.00. Following the completion of the acquisition, the director now directly owns 21,247 shares in the company, valued at approximately $813,972.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. acquired a new stake in Highwoods Properties in the third quarter valued at about $153,000. First Hawaiian Bank acquired a new stake in Highwoods Properties in the third quarter valued at about $185,000. Brown Advisory Inc. acquired a new stake in Highwoods Properties in the second quarter valued at about $206,000. Qube Research & Technologies Ltd acquired a new stake in Highwoods Properties in the second quarter valued at about $220,000. Finally, Commonwealth Bank of Australia acquired a new stake in Highwoods Properties in the third quarter valued at about $302,000. Hedge funds and other institutional investors own 91.75% of the company’s stock.
Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
See Also: What Are Treasury Bonds?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.