Highwoods Properties (NYSE:HIW) Price Target Raised to $30.00 at Mizuho

Highwoods Properties (NYSE:HIW) had its price objective raised by equities research analysts at Mizuho from $25.00 to $30.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price would suggest a potential downside of 9.04% from the stock’s previous close.

HIW has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $28.00 price objective on shares of Highwoods Properties in a research note on Thursday, May 14th. Morgan Stanley upgraded Highwoods Properties from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $24.00 to $23.00 in a report on Tuesday, March 31st. Weiss Ratings upgraded Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Wells Fargo & Company raised their target price on Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Monday, March 23rd. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.67.

Highwoods Properties Price Performance

HIW stock opened at $32.98 on Tuesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.50 and a current ratio of 1.50. The business has a 50-day simple moving average of $28.95 and a two-hundred day simple moving average of $25.69. The company has a market capitalization of $3.64 billion, a P/E ratio of 39.26 and a beta of 1.07. Highwoods Properties has a 52-week low of $20.45 and a 52-week high of $33.88.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.13. Highwoods Properties had a return on equity of 3.97% and a net margin of 11.64%.The business had revenue of $214.03 million during the quarter, compared to the consensus estimate of $209.06 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. Highwoods Properties’s revenue was up 6.8% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. Research analysts expect that Highwoods Properties will post 3.53 EPS for the current fiscal year.

Highwoods Properties announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 22nd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 9.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Highwoods Properties

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Highwoods Properties by 88.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 372 shares during the period. Elevation Wealth Partners LLC boosted its holdings in Highwoods Properties by 752.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 940 shares during the period. Beacon Financial Strategies CORP purchased a new position in Highwoods Properties in the 4th quarter valued at approximately $34,000. Geneos Wealth Management Inc. raised its holdings in Highwoods Properties by 292.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 1,252 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Highwoods Properties by 285.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,983 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,469 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Company Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.