Highwoods Properties (HIW) Rating Increased to Buy at ValuEngine

Highwoods Properties (NYSE:HIW) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other equities analysts also recently commented on the company. Janney Montgomery Scott started coverage on Highwoods Properties in a report on Friday, September 8th. They set a “neutral” rating for the company. SunTrust Banks set a $52.00 target price on Highwoods Properties and gave the company a “hold” rating in a report on Tuesday, October 24th. Edward Jones downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Finally, Bank of America upped their target price on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $54.80.

Shares of Highwoods Properties (HIW) opened at $49.42 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.20 and a quick ratio of 1.20. Highwoods Properties has a 12-month low of $48.42 and a 12-month high of $53.34. The firm has a market capitalization of $5,080.00, a P/E ratio of 34.32, a price-to-earnings-growth ratio of 3.13 and a beta of 0.87.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.54. The firm had revenue of $180.19 million during the quarter, compared to the consensus estimate of $177.15 million. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. equities research analysts forecast that Highwoods Properties will post 3.38 EPS for the current fiscal year.

In other Highwoods Properties news, Director Sherry A. Kellett sold 2,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total value of $101,280.00. Following the completion of the transaction, the director now owns 13,744 shares in the company, valued at $695,996.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sherry A. Kellett sold 1,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $51.70, for a total value of $51,700.00. Following the completion of the transaction, the director now owns 11,744 shares of the company’s stock, valued at approximately $607,164.80. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Highwoods Properties by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 3,278,256 shares of the real estate investment trust’s stock worth $166,240,000 after purchasing an additional 882,571 shares in the last quarter. Westpac Banking Corp raised its holdings in Highwoods Properties by 7.0% in the third quarter. Westpac Banking Corp now owns 53,780 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 3,500 shares in the last quarter. Cbre Clarion Securities LLC raised its holdings in Highwoods Properties by 19.0% in the second quarter. Cbre Clarion Securities LLC now owns 143,700 shares of the real estate investment trust’s stock worth $7,287,000 after purchasing an additional 22,900 shares in the last quarter. Honeywell International Inc. raised its holdings in Highwoods Properties by 17.4% in the third quarter. Honeywell International Inc. now owns 47,142 shares of the real estate investment trust’s stock worth $2,456,000 after purchasing an additional 6,992 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in Highwoods Properties by 1.4% in the third quarter. Duff & Phelps Investment Management Co. now owns 901,314 shares of the real estate investment trust’s stock worth $46,949,000 after purchasing an additional 12,625 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3127942/highwoods-properties-hiw-rating-increased-to-buy-at-valuengine.html.

About Highwoods Properties

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company 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)

Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.