Highwoods Properties (NYSE:HIW) Now Covered by Huntington

Equities researchers at Huntington started coverage on shares of Highwoods Properties (NYSE:HIW) in a report issued on Thursday, Briefing.com reports. The firm set a “market perform” rating and a $31.00 price target on the real estate investment trust’s stock. Huntington’s price objective indicates a potential upside of 5.94% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Morgan Stanley increased their price objective on shares of Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Wednesday, August 5th. Citigroup upped their price target on shares of Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Truist Financial lifted their price objective on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings raised shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.78.

Highwoods Properties Stock Down 0.4%

HIW stock traded down $0.12 on Thursday, hitting $29.26. 1,262,955 shares of the company’s stock were exchanged, compared to its average volume of 1,453,040. The firm has a 50 day moving average price of $30.91 and a two-hundred day moving average price of $28.36. Highwoods Properties has a 12-month low of $20.45 and a 12-month high of $35.44. The stock has a market cap of $3.23 billion, a P/E ratio of 19.25 and a beta of 1.06. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The business had revenue of $216.38 million during the quarter, compared to analysts’ expectations of $212.15 million. During the same quarter last year, the business posted $0.89 earnings per share. The company’s quarterly revenue 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. As a group, equities research analysts expect that Highwoods Properties will post 3.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Highwoods Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Highwoods Properties during the 2nd quarter valued at approximately $633,717,000. Quantinno Capital Management LP increased its stake in shares of Highwoods Properties by 133.8% in the first quarter. Quantinno Capital Management LP now owns 1,808,104 shares of the real estate investment trust’s stock worth $38,712,000 after acquiring an additional 1,034,694 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Highwoods Properties by 6.4% during the first quarter. Janus Henderson Group PLC now owns 1,639,419 shares of the real estate investment trust’s stock worth $35,139,000 after purchasing an additional 98,531 shares during the last quarter. CORDA Investment Management LLC. raised its holdings in shares of Highwoods Properties by 0.3% during the second quarter. CORDA Investment Management LLC. now owns 1,284,718 shares of the real estate investment trust’s stock worth $38,747,000 after purchasing an additional 3,370 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Highwoods Properties during the second quarter valued at $38,595,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

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 prominent business districts and serves corporate, professional-services and other commercial tenants.

Highwoods’ portfolio is concentrated in major Sun Belt and Southeast markets, including Atlanta, Charlotte, Orlando, Raleigh, Richmond, Nashville and Tampa. In addition to leasing office space, the company provides property management and related services and pursues select development and redevelopment opportunities to support its portfolio.

Founded in 1978, Highwoods Properties became a publicly traded company in 1994.