Shares of Highwoods Properties, Inc. (NYSE:HIW – Get Free Report) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $32.5556.
HIW has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Wednesday, August 5th. Morgan Stanley increased their price target on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Citigroup increased their price target on Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Mizuho set a $32.00 price target on Highwoods Properties in a research report on Tuesday, September 8th.
Check Out Our Latest Report on HIW
Highwoods Properties Stock Down 1.2%
Highwoods Properties (NYSE:HIW – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The firm had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. During the same period in the prior year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Analysts forecast that Highwoods Properties will post 3.55 earnings per share for the current year.
Highwoods Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, August 17th. Highwoods Properties’s dividend payout ratio is presently 131.58%.
Institutional Trading of Highwoods Properties
Several hedge funds have recently bought and sold shares of HIW. Sequoia Financial Advisors LLC bought a new position in Highwoods Properties in the second quarter valued at approximately $876,000. WINTON GROUP Ltd bought a new stake in shares of Highwoods Properties during the second quarter worth $6,099,000. Integrated Wealth Concepts LLC bought a new stake in shares of Highwoods Properties during the second quarter worth $34,000. Nykredit A S acquired a new stake in shares of Highwoods Properties during the second quarter worth $66,000. Finally, Amundi raised its holdings in shares of Highwoods Properties by 4.3% during the second quarter. Amundi now owns 87,182 shares of the real estate investment trust’s stock worth $2,629,000 after acquiring an additional 3,600 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.
About Highwoods Properties
Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in central business districts and other prominent business locations, serving corporate, professional services, healthcare and government tenants.
Highwoods’ portfolio is concentrated in selected Sun Belt markets, including Atlanta, Charlotte, Nashville, Raleigh, Richmond, Orlando and Tampa. In addition to traditional office buildings, the company has developed and owns mixed-use properties that may include retail, residential, hospitality and entertainment components.
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