Highwoods Properties (NYSE:HIW) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Other analysts also recently issued research reports about the stock. Bank of America upped their price target on shares of Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Edward Jones downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. SunTrust Banks set a $52.00 price target on shares of Highwoods Properties and gave the stock a “hold” rating in a report on Tuesday, October 24th. Finally, Janney Montgomery Scott started coverage on shares of Highwoods Properties in a report on Friday, September 8th. They set a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Highwoods Properties has a consensus rating of “Hold” and a consensus price target of $54.80.

Shares of Highwoods Properties (NYSE HIW) traded down $1.15 during trading on Thursday, hitting $49.23. 511,716 shares of the stock were exchanged, compared to its average volume of 495,500. Highwoods Properties has a 12 month low of $48.42 and a 12 month high of $53.34. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $5,200.00, a P/E ratio of 34.19, a PEG ratio of 3.15 and a beta of 0.87.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.54. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The company had revenue of $180.19 million during the quarter, compared to the consensus estimate of $177.15 million. During the same quarter in the prior year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. equities analysts predict that Highwoods Properties will post 3.38 earnings per share for the current year.

In related news, Director Sherry A. Kellett sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total transaction of $101,280.00. Following the completion of the transaction, the director now directly owns 13,744 shares in the company, valued at approximately $695,996.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sherry A. Kellett sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $51.70, for a total transaction of $51,700.00. Following the transaction, the director now owns 11,744 shares of the company’s stock, valued at $607,164.80. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in HIW. Schwab Charles Investment Management Inc. increased its position in Highwoods Properties by 12.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 946,786 shares of the real estate investment trust’s stock valued at $48,012,000 after acquiring an additional 106,932 shares during the period. Marshall Wace North America L.P. acquired a new position in Highwoods Properties in the 2nd quarter valued at approximately $511,000. State Board of Administration of Florida Retirement System increased its position in Highwoods Properties by 2.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 95,239 shares of the real estate investment trust’s stock valued at $4,830,000 after acquiring an additional 1,824 shares during the period. Prudential Financial Inc. increased its position in Highwoods Properties by 123.1% in the 2nd quarter. Prudential Financial Inc. now owns 141,902 shares of the real estate investment trust’s stock valued at $7,196,000 after acquiring an additional 78,310 shares during the period. Finally, Utah Retirement Systems increased its position in Highwoods Properties by 3.0% in the 2nd quarter. Utah Retirement Systems now owns 23,419 shares of the real estate investment trust’s stock valued at $1,187,000 after acquiring an additional 681 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

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About Highwoods Properties

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company 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.

Analyst Recommendations for Highwoods Properties (NYSE:HIW)

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