Highwoods Properties (NYSE:HIW) Given New $31.00 Price Target at Deutsche Bank Aktiengesellschaft

Highwoods Properties (NYSE:HIW) had its target price upped by investment analysts at Deutsche Bank Aktiengesellschaft from $28.00 to $31.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 14.14% from the company’s previous close.

HIW has been the topic of several other reports. Robert W. Baird lifted their target price on shares of Highwoods Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Morgan Stanley boosted their price objective on shares of Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, March 28th. Finally, Truist Financial increased their target price on shares of Highwoods Properties from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $24.75.

Highwoods Properties Trading Up 1.5 %

Shares of HIW traded up $0.39 during trading hours on Monday, hitting $27.16. The company had a trading volume of 324,939 shares, compared to its average volume of 1,260,396. The stock’s 50 day moving average price is $24.96 and its 200 day moving average price is $22.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.37. Highwoods Properties has a 52-week low of $17.06 and a 52-week high of $27.57. The firm has a market cap of $2.88 billion, a P/E ratio of 22.20 and a beta of 1.23.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HIW. International Assets Investment Management LLC bought a new position in shares of Highwoods Properties during the fourth quarter valued at approximately $31,000. Riverview Trust Co purchased a new stake in shares of Highwoods Properties in the 1st quarter worth approximately $34,000. Planned Solutions Inc. bought a new position in Highwoods Properties during the 4th quarter valued at approximately $38,000. Harvest Fund Management Co. Ltd purchased a new position in Highwoods Properties during the third quarter valued at $44,000. Finally, GAMMA Investing LLC bought a new stake in Highwoods Properties in the fourth quarter worth $53,000. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.