Highwoods Properties, Inc. (NYSE:HIW) Stock Has Average Price Target of $32.00 According to Analysts

Highwoods Properties, Inc. (NYSE:HIW) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have covered the stock in the last year is $32.00.

HIW has been the subject of a number of recent research reports. Mizuho set a $32.00 price objective on Highwoods Properties in a research note on Tuesday, September 8th. Morgan Stanley lifted their target price on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Truist Financial upped their price target on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Huntington started coverage on Highwoods Properties in a research report on Thursday, October 8th. They set a “market perform” rating and a $31.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Highwoods Properties from $26.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Highwoods Properties during the second quarter valued at $633,717,000. Bank of New York Mellon Corp bought a new position in shares of Highwoods Properties during the 2nd quarter worth approximately $38,595,000. Bank of America Corp DE acquired a new position in shares of Highwoods Properties during the second quarter worth $36,285,000. Quantinno Capital Management LP raised its stake in Highwoods Properties by 133.8% in the first quarter. Quantinno Capital Management LP now owns 1,808,104 shares of the real estate investment trust’s stock valued at $38,712,000 after buying an additional 1,034,694 shares during the last quarter. Finally, Jupiter Topco LLC purchased a new position in shares of Highwoods Properties in the 2nd quarter valued at approximately $25,432,000. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Trading Up 2.3%

Shares of NYSE:HIW opened at $29.18 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 19.19 and a beta of 1.06. The stock’s 50-day simple moving average is $30.35 and its two-hundred day simple moving average is $28.88. Highwoods Properties has a 52-week low of $20.45 and a 52-week high of $35.44.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The business had revenue of $216.38 million for the quarter, compared to analysts’ expectations of $212.15 million. During the same period in the prior year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Analysts expect that Highwoods Properties will post 3.56 EPS for the current year.

Highwoods Properties Company Profile

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. Its portfolio includes office towers, campuses and mixed-use assets designed to serve businesses across a range of industries.

The company focuses on select high-growth markets in the U.S. Sun Belt, including Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond and Tampa. In addition to leasing office space, Highwoods provides property management, development and tenant-support services for its buildings and commercial real estate customers.

Highwoods Properties is headquartered in Raleigh, North Carolina.