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.
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.
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