ValuEngine upgraded shares of Highwoods Properties (NYSE:HIW) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

Several other research firms also recently weighed in on HIW. Stifel Nicolaus reissued a hold rating and set a $46.00 target price (down previously from $50.00) on shares of Highwoods Properties in a research report on Tuesday, March 13th. SunTrust Banks raised shares of Highwoods Properties from a hold rating to a buy rating and set a $51.00 target price on the stock in a research report on Friday, March 9th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Highwoods Properties from a sell rating to a hold rating in a research report on Wednesday, April 18th. DA Davidson set a $60.00 target price on shares of Highwoods Properties and gave the stock a buy rating in a research report on Wednesday, April 25th. Finally, Wells Fargo & Co began coverage on shares of Highwoods Properties in a research report on Friday, April 20th. They set an outperform rating and a $49.00 target price on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Highwoods Properties currently has an average rating of Hold and an average target price of $52.80.

NYSE:HIW opened at $47.83 on Tuesday. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 4.54 and a beta of 0.74. Highwoods Properties has a twelve month low of $41.34 and a twelve month high of $53.34. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.95.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, April 24th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $180.44 million for the quarter, compared to the consensus estimate of $176.03 million. Highwoods Properties had a net margin of 25.90% and a return on equity of 8.40%. Highwoods Properties’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. equities research analysts expect that Highwoods Properties will post 3.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Friday, May 18th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 17th. Highwoods Properties’s payout ratio is 56.40%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BB&T Securities LLC acquired a new stake in Highwoods Properties during the 4th quarter valued at approximately $200,000. Wealthstreet Investment Advisors LLC acquired a new stake in Highwoods Properties during the 4th quarter valued at approximately $204,000. Xact Kapitalforvaltning AB acquired a new stake in Highwoods Properties during the 4th quarter valued at approximately $225,000. TLP Group LLC lifted its stake in Highwoods Properties by 39.3% during the 1st quarter. TLP Group LLC now owns 5,151 shares of the real estate investment trust’s stock valued at $226,000 after acquiring an additional 1,453 shares during the period. Finally, Advisor Group Inc. lifted its stake in Highwoods Properties by 470.8% during the 4th quarter. Advisor Group Inc. now owns 4,452 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 3,672 shares during the period. Institutional investors and hedge funds own 92.29% of the company’s stock.

Highwoods Properties Company Profile

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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Analyst Recommendations for Highwoods Properties (NYSE:HIW)

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