Highwoods Properties (HIW) Upgraded at ValuEngine
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.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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