Highwoods Properties Inc (NYSE:HIW) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $51.00.

HIW has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. TheStreet cut shares of Highwoods Properties from a “b-” rating to a “c+” rating in a research note on Monday, May 13th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC bought a new stake in Highwoods Properties during the 4th quarter worth approximately $27,000. Daiwa SB Investments Ltd. grew its holdings in shares of Highwoods Properties by 47.9% in the first quarter. Daiwa SB Investments Ltd. now owns 710 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 230 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Highwoods Properties by 110.1% in the first quarter. Quadrant Capital Group LLC now owns 912 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 478 shares in the last quarter. Private Capital Group LLC grew its holdings in shares of Highwoods Properties by 261.2% in the first quarter. Private Capital Group LLC now owns 1,062 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 768 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC purchased a new position in shares of Highwoods Properties in the fourth quarter valued at $153,000. Institutional investors own 93.41% of the company’s stock.

HIW traded down $0.49 during midday trading on Tuesday, hitting $42.46. 465,204 shares of the company traded hands, compared to its average volume of 645,727. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.00. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.25 and a beta of 0.90. The firm has a 50-day moving average of $44.08. Highwoods Properties has a 52 week low of $37.09 and a 52 week high of $52.00.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.12). Highwoods Properties had a net margin of 20.42% and a return on equity of 6.59%. The company had revenue of $172.36 million for the quarter, compared to the consensus estimate of $181.72 million. During the same quarter in the prior year, the company posted $0.85 EPS. Highwoods Properties’s revenue was down 4.5% on a year-over-year basis. On average, analysts expect that Highwoods Properties will post 3.33 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Friday, May 10th. Highwoods Properties’s payout ratio is 55.07%.

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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