ValuEngine upgraded shares of Highwoods Properties (NYSE:HIW) from a hold rating to a buy rating in a report released on Thursday, January 4th.
A number of other equities analysts have also recently commented on the company. Edward Jones cut Highwoods Properties from a buy rating to a hold rating in a report on Monday, November 6th. SunTrust Banks set a $52.00 target price on Highwoods Properties and gave the stock a hold rating in a report on Tuesday, October 24th. Bank of America upped their target price on Highwoods Properties from $57.00 to $58.00 and gave the stock a buy rating in a report on Tuesday, October 3rd. Finally, Janney Montgomery Scott initiated coverage on Highwoods Properties in a report on Friday, September 8th. They issued a neutral rating for the company. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Highwoods Properties presently has an average rating of Hold and a consensus price target of $54.80.
Highwoods Properties (NYSE:HIW) traded down $0.01 during trading on Thursday, hitting $48.07. The stock had a trading volume of 501,200 shares, compared to its average volume of 595,125. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.20 and a quick ratio of 1.20. Highwoods Properties has a 12 month low of $47.93 and a 12 month high of $53.34. The firm has a market cap of $4,950.00, a PE ratio of 33.38, a P/E/G ratio of 3.07 and a beta of 0.87.
Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.54. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. The company had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $177.15 million. During the same quarter in the previous year, the firm earned $0.82 EPS. Highwoods Properties’s revenue was up 8.4% on a year-over-year basis. research analysts anticipate that Highwoods Properties will post 3.38 earnings per share for the current year.
In other Highwoods Properties news, Director Sherry A. Kellett sold 1,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $51.70, for a total value of $51,700.00. Following the sale, the director now owns 11,744 shares in the company, valued at approximately $607,164.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sherry A. Kellett sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total value of $101,280.00. Following the completion of the sale, the director now owns 13,744 shares in the company, valued at approximately $695,996.16. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aurora Investment Counsel bought a new stake in shares of Highwoods Properties during the 4th quarter valued at about $2,069,000. Public Employees Retirement System of Ohio boosted its position in shares of Highwoods Properties by 1.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 162,667 shares of the real estate investment trust’s stock valued at $8,473,000 after purchasing an additional 2,709 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of Highwoods Properties by 27.8% during the 3rd quarter. Independent Advisor Alliance now owns 11,028 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 2,400 shares in the last quarter. Eii Capital Management Inc. bought a new stake in shares of Highwoods Properties during the 3rd quarter valued at about $1,991,000. Finally, California Public Employees Retirement System boosted its position in shares of Highwoods Properties by 3.6% during the 3rd quarter. California Public Employees Retirement System now owns 178,590 shares of the real estate investment trust’s stock valued at $9,303,000 after purchasing an additional 6,194 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.
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.
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