Highwoods Properties Inc (NYSE:HIW) has been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $54.20.

HIW has been the topic of several research analyst reports. DA Davidson set a $60.00 price objective on Highwoods Properties and gave the stock a “buy” rating in a report on Wednesday, April 25th. SunTrust Banks upgraded Highwoods Properties from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Friday, March 9th. They noted that the move was a valuation call. Stifel Nicolaus upgraded Highwoods Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $53.00 in a report on Friday, June 1st. ValuEngine upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Finally, Zacks Investment Research upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th.

Shares of NYSE:HIW traded down $0.42 during trading on Friday, reaching $48.56. 10,551 shares of the company’s stock traded hands, compared to its average volume of 766,631. Highwoods Properties has a fifty-two week low of $41.34 and a fifty-two week high of $53.34. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $5.05 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 4.73 and a beta of 0.79.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, April 24th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. Highwoods Properties had a return on equity of 8.40% and a net margin of 25.90%. The firm had revenue of $180.44 million for the quarter, compared to analysts’ expectations of $176.03 million. During the same period last year, the firm earned $0.80 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. sell-side analysts expect that Highwoods Properties will post 3.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 5th. Investors of record on Friday, May 18th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.81%. The ex-dividend date was Thursday, May 17th. Highwoods Properties’s payout ratio is 56.40%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BB&T Securities LLC purchased a new position in Highwoods Properties in the 4th quarter worth approximately $200,000. Wealthstreet Investment Advisors LLC purchased a new stake in shares of Highwoods Properties during the 4th quarter valued at approximately $204,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Highwoods Properties during the 4th quarter valued at approximately $225,000. Advisor Group Inc. raised its position in shares of 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 buying an additional 3,672 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Highwoods Properties during the 4th quarter valued at approximately $253,000. 92.35% of the stock is currently owned by institutional investors and hedge funds.

About Highwoods Properties

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.

Analyst Recommendations for Highwoods Properties (NYSE:HIW)

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