ValuEngine cut shares of Highwoods Properties (NYSE:HIW) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, ValuEngine reports.

Several other research firms also recently issued reports on HIW. Robert W. Baird set a $49.00 price objective on shares of Highwoods Properties and gave the stock a hold rating in a report on Wednesday, August 21st. Zacks Investment Research raised shares of Highwoods Properties from a sell rating to a hold rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $49.00.

HIW traded down $0.63 during trading on Friday, hitting $44.37. The stock had a trading volume of 574,004 shares, compared to its average volume of 899,754. The firm has a market cap of $4.67 billion, a PE ratio of 12.86, a P/E/G ratio of 3.46 and a beta of 0.82. Highwoods Properties has a 12 month low of $37.09 and a 12 month high of $48.63. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.99. The company has a 50 day simple moving average of $43.87 and a 200-day simple moving average of $44.40.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.47). Highwoods Properties had a return on equity of 6.13% and a net margin of 18.79%. The company had revenue of $184.10 million for the quarter, compared to the consensus estimate of $180.20 million. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Highwoods Properties will post 3.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Monday, August 12th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Friday, August 9th. Highwoods Properties’s dividend payout ratio is 55.07%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. D L Carlson Investment Group Inc. bought a new position in Highwoods Properties during the second quarter worth about $248,000. Royal Bank of Canada lifted its stake in Highwoods Properties by 9.6% during the second quarter. Royal Bank of Canada now owns 116,259 shares of the real estate investment trust’s stock worth $4,802,000 after purchasing an additional 10,185 shares during the period. Walleye Trading LLC bought a new position in Highwoods Properties during the second quarter worth about $811,000. HM Payson & Co. bought a new position in shares of Highwoods Properties in the second quarter valued at approximately $328,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Highwoods Properties by 35.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,536 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 667 shares during the last quarter. Hedge funds and other institutional investors own 93.82% 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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