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.
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.
Featured Article: Cost of Capital Explained
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.