Highwoods Properties (HIW) Price Target Cut to $50.00

Highwoods Properties (NYSE:HIW) had its price objective lowered by stock analysts at Stifel Nicolaus from $55.00 to $50.00 in a report released on Thursday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price target indicates a potential upside of 14.42% from the company’s previous close.

Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. SunTrust Banks set a $52.00 target price on shares of Highwoods Properties and gave the company a “hold” rating in a report on Tuesday, October 24th. Finally, Edward Jones downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Highwoods Properties has a consensus rating of “Hold” and an average target price of $51.50.

Shares of Highwoods Properties (HIW) opened at $43.70 on Thursday. Highwoods Properties has a 1-year low of $42.46 and a 1-year high of $53.34. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.40 and a quick ratio of 1.20. The firm has a market cap of $4,585.81, a P/E ratio of 24.19, a P/E/G ratio of 4.34 and a beta of 0.74.

In other Highwoods Properties news, Director Sherry A. Kellett sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sherry A. Kellett sold 1,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $51.70, for a total transaction 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. Insiders own 1.90% of the company’s stock.

Large investors have recently bought and sold shares of the business. Wealthstreet Investment Advisors LLC acquired a new position in shares of Highwoods Properties in the fourth quarter worth $204,000. Tudor Investment Corp ET AL acquired a new position in shares of Highwoods Properties in the second quarter worth $207,000. Public Employees Retirement Association of Colorado grew its stake in shares of Highwoods Properties by 74.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 5,574 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 2,375 shares in the last quarter. Parametrica Management Ltd acquired a new position in shares of Highwoods Properties in the third quarter worth $288,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Highwoods Properties in the second quarter worth $295,000. Institutional investors and hedge funds own 96.59% of the company’s stock.

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Highwoods Properties Company Profile

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)

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