Highwoods Properties (NYSE:HIW) Receives Hold (C) Rating from Weiss Ratings

Highwoods Properties (NYSE:HIW)‘s stock had its “hold (c)” rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on the stock. Wolfe Research assumed coverage on shares of Highwoods Properties in a report on Wednesday. They issued an “outperform” rating and a $38.00 price target on the stock. Wall Street Zen downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Truist Financial increased their price target on shares of Highwoods Properties from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Finally, Mizuho increased their price target on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Highwoods Properties currently has an average rating of “Hold” and a consensus price target of $32.67.

Highwoods Properties Price Performance

NYSE HIW opened at $31.59 on Wednesday. The company has a market cap of $3.41 billion, a PE ratio of 26.55 and a beta of 1.24. Highwoods Properties has a 52 week low of $24.18 and a 52 week high of $36.78. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. The firm’s 50-day simple moving average is $30.74 and its two-hundred day simple moving average is $30.03.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. The business had revenue of $200.60 million for the quarter, compared to the consensus estimate of $203.22 million. Highwoods Properties had a net margin of 16.15% and a return on equity of 5.57%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. Research analysts predict that Highwoods Properties will post 3.36 earnings per share for the current year.

Insider Buying and Selling

In other Highwoods Properties news, Director David John Hartzell sold 4,300 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $32.10, for a total transaction of $138,030.00. Following the transaction, the director directly owned 27,489 shares in the company, valued at $882,396.90. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Oak Thistle LLC bought a new position in Highwoods Properties during the third quarter valued at approximately $235,000. Aaron Wealth Advisors LLC boosted its stake in shares of Highwoods Properties by 222.6% during the third quarter. Aaron Wealth Advisors LLC now owns 29,663 shares of the real estate investment trust’s stock valued at $944,000 after purchasing an additional 20,468 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Highwoods Properties by 30.6% during the second quarter. Corient Private Wealth LLC now owns 35,330 shares of the real estate investment trust’s stock valued at $1,098,000 after purchasing an additional 8,270 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Highwoods Properties by 4.0% during the second quarter. Osaic Holdings Inc. now owns 45,871 shares of the real estate investment trust’s stock valued at $1,424,000 after purchasing an additional 1,749 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of Highwoods Properties by 38.4% during the second quarter. Advisory Services Network LLC now owns 123,169 shares of the real estate investment trust’s stock valued at $3,573,000 after purchasing an additional 34,165 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.