Highwoods Properties (NYSE:HIW) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Highwoods Properties (NYSE:HIW) had its price objective lifted by equities researchers at Wells Fargo & Company from $26.00 to $32.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 5.40% from the company’s current price.

A number of other research firms have also recently issued reports on HIW. Mizuho raised their target price on Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Morgan Stanley upped their price target on shares of Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Truist Financial lifted their price objective on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Finally, Citigroup boosted their target price on shares of Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.33.

Highwoods Properties Stock Performance

NYSE HIW traded down $0.24 during trading hours on Tuesday, reaching $30.36. The company’s stock had a trading volume of 360,540 shares, compared to its average volume of 1,487,583. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.37. The business has a 50-day simple moving average of $31.78 and a 200 day simple moving average of $26.90. Highwoods Properties has a 52 week low of $20.45 and a 52 week high of $35.44. The stock has a market cap of $3.35 billion, a PE ratio of 19.95 and a beta of 1.05.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The company had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. During the same period last year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Equities research analysts predict that Highwoods Properties will post 3.53 earnings per share for the current fiscal year.

Institutional Trading of Highwoods Properties

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in Highwoods Properties by 88.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 372 shares during the period. Elevation Wealth Partners LLC boosted its position in shares of Highwoods Properties by 752.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 940 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Highwoods Properties in the 2nd quarter worth approximately $38,000. Geneos Wealth Management Inc. grew its stake in shares of Highwoods Properties by 292.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Highwoods Properties by 285.8% in the 4th quarter. Farther Finance Advisors LLC now owns 1,983 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,469 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

About Highwoods Properties

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.