Highwoods Properties (NYSE:HIW) Earns Neutral Rating from Analysts at Credit Suisse Group

Stock analysts at Credit Suisse Group started coverage on shares of Highwoods Properties (NYSE:HIWGet Rating) in a report released on Wednesday, The Fly reports. The brokerage set a “neutral” rating and a $34.00 price target on the real estate investment trust’s stock. Credit Suisse Group’s price target indicates a potential upside of 0.38% from the company’s current price.

A number of other research firms have also recently issued reports on HIW. TheStreet cut shares of Highwoods Properties from a “b-” rating to a “c+” rating in a research note on Friday, June 17th. StockNews.com lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating in a report on Saturday, April 16th. Finally, Mizuho started coverage on shares of Highwoods Properties in a research note on Friday, April 22nd. They issued a “neutral” rating and a $46.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.00.

Shares of NYSE HIW opened at $33.87 on Wednesday. The company’s 50 day simple moving average is $38.97 and its 200 day simple moving average is $42.38. Highwoods Properties has a fifty-two week low of $32.85 and a fifty-two week high of $48.82. The firm has a market capitalization of $3.56 billion, a P/E ratio of 11.97, a P/E/G ratio of 2.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.31 and a quick ratio of 1.31.

Highwoods Properties (NYSE:HIWGet Rating) last posted its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Highwoods Properties had a net margin of 37.75% and a return on equity of 11.99%. During the same period last year, the firm earned $0.91 EPS. Sell-side analysts expect that Highwoods Properties will post 3.95 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in HIW. Vanguard Group Inc. raised its position in Highwoods Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 15,829,467 shares of the real estate investment trust’s stock worth $724,040,000 after buying an additional 699,104 shares during the last quarter. Cohen & Steers Inc. raised its holdings in shares of Highwoods Properties by 2.7% during the 1st quarter. Cohen & Steers Inc. now owns 15,626,265 shares of the real estate investment trust’s stock worth $714,940,000 after acquiring an additional 413,789 shares in the last quarter. State Street Corp raised its holdings in Highwoods Properties by 14.0% during the 1st quarter. State Street Corp now owns 6,343,699 shares of the real estate investment trust’s stock valued at $290,161,000 after buying an additional 781,475 shares during the period. Northern Trust Corp raised its holdings in Highwoods Properties by 30.9% during the 1st quarter. Northern Trust Corp now owns 2,086,478 shares of the real estate investment trust’s stock valued at $95,435,000 after buying an additional 492,851 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Highwoods Properties by 7,261.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,067,123 shares of the real estate investment trust’s stock valued at $92,173,000 after acquiring an additional 2,039,041 shares during the last quarter. 98.16% of the stock is owned by institutional investors and hedge funds.

About Highwoods Properties (Get Rating)

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. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

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