Highwoods Properties (HIW) Upgraded by ValuEngine to “Hold”

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ValuEngine upgraded shares of Highwoods Properties (NYSE:HIW) from a sell rating to a hold rating in a research note released on Wednesday.

HIW has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Highwoods Properties from a hold rating to a sell rating in a research report on Wednesday, September 26th. Wood & Company restated a sell rating on shares of Highwoods Properties in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $53.00.

Highwoods Properties stock opened at $43.35 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.13. Highwoods Properties has a 1 year low of $41.34 and a 1 year high of $52.58. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 3.05 and a beta of 0.80.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Highwoods Properties had a net margin of 24.37% and a return on equity of 7.87%. The company had revenue of $179.42 million for the quarter, compared to the consensus estimate of $173.78 million. During the same period in the prior year, the company posted $0.86 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, analysts forecast that Highwoods Properties will post 3.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Monday, November 12th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $1.85 dividend on an annualized basis and a yield of 4.27%. Highwoods Properties’s payout ratio is presently 56.40%.

A number of institutional investors have recently added to or reduced their stakes in HIW. GSA Capital Partners LLP bought a new stake in shares of Highwoods Properties in the 2nd quarter valued at about $335,000. Martingale Asset Management L P increased its stake in shares of Highwoods Properties by 16.9% in the 3rd quarter. Martingale Asset Management L P now owns 404,116 shares of the real estate investment trust’s stock valued at $19,099,000 after acquiring an additional 58,300 shares during the last quarter. American International Group Inc. increased its stake in shares of Highwoods Properties by 0.7% in the 2nd quarter. American International Group Inc. now owns 208,118 shares of the real estate investment trust’s stock valued at $10,558,000 after acquiring an additional 1,530 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of Highwoods Properties by 4.1% in the 2nd quarter. Federated Investors Inc. PA now owns 149,703 shares of the real estate investment trust’s stock valued at $7,594,000 after acquiring an additional 5,898 shares during the last quarter. Finally, Dupont Capital Management Corp increased its stake in shares of Highwoods Properties by 8.3% in the 3rd quarter. Dupont Capital Management Corp now owns 39,356 shares of the real estate investment trust’s stock valued at $1,860,000 after acquiring an additional 3,003 shares during the last quarter. Institutional investors own 92.02% of the company’s stock.

Highwoods Properties Company Profile

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.

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Analyst Recommendations for Highwoods Properties (NYSE:HIW)

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