Highwoods Properties, Inc. (NYSE:HIW – Get Free Report) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $25.00.
Several research firms recently issued reports on HIW. StockNews.com began coverage on shares of Highwoods Properties in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Wells Fargo & Company lowered shares of Highwoods Properties from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $27.00 to $22.00 in a report on Wednesday, August 30th. Citigroup boosted their target price on shares of Highwoods Properties from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, August 1st. Mizuho dropped their target price on shares of Highwoods Properties from $31.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, October 18th. Finally, Bank of America lowered shares of Highwoods Properties from a “buy” rating to a “neutral” rating and dropped their target price for the company from $29.00 to $20.00 in a report on Monday, November 13th.
Institutional Investors Weigh In On Highwoods Properties
Highwoods Properties Price Performance
HIW stock opened at $18.84 on Tuesday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 14.60 and a beta of 1.21. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.32. Highwoods Properties has a 12-month low of $17.06 and a 12-month high of $31.88. The company’s fifty day simple moving average is $19.70 and its 200 day simple moving average is $21.95.
Highwoods Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $2.00 annualized dividend and a dividend yield of 10.62%. Highwoods Properties’s dividend payout ratio is currently 155.04%.
Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust ("REIT") that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.
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