ValuEngine Upgrades Highwoods Properties (HIW) to “Hold”

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Highwoods Properties (NYSE:HIW)

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