ValuEngine upgraded shares of Highwoods Properties (NYSE:HIW) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

HIW has been the topic of several other research reports. Zacks Investment Research lowered shares of Highwoods Properties from a hold rating to a sell rating in a report on Wednesday, September 26th. Wood & Company reissued a sell rating on shares of Highwoods Properties in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Highwoods Properties currently has a consensus rating of Hold and a consensus price target of $53.00.

Shares of HIW stock opened at $43.35 on Wednesday. Highwoods Properties has a 1 year low of $41.34 and a 1 year high of $52.58. The firm has a market cap of $4.49 billion, a P/E ratio of 12.70, a P/E/G ratio of 3.05 and a beta of 0.80. 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 (NYSE:HIW) last announced its 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 net margin of 24.37% and a return on equity of 7.87%. The business had revenue of $179.42 million for the quarter, compared to analyst estimates of $173.78 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Highwoods Properties’s revenue was down .4% compared to the same quarter last year. Analysts predict that Highwoods Properties will post 3.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Monday, November 12th were paid a $0.4625 dividend. The ex-dividend date was Thursday, November 8th. This represents a $1.85 annualized dividend and a dividend yield of 4.27%. Highwoods Properties’s dividend payout ratio is presently 56.40%.

Several large investors have recently modified their holdings of HIW. Stratos Wealth Partners LTD. acquired a new stake in shares of Highwoods Properties in the 3rd quarter valued at $153,000. First Hawaiian Bank acquired a new stake in shares of Highwoods Properties in the 3rd quarter valued at $185,000. Advisors Asset Management Inc. boosted its stake in shares of Highwoods Properties by 213.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 26,649 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 18,141 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Highwoods Properties in the 2nd quarter valued at $206,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Highwoods Properties in the 2nd quarter valued at $220,000. Institutional investors own 92.02% of the company’s stock.

About Highwoods Properties

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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Analyst Recommendations for Highwoods Properties (NYSE:HIW)

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