Robert W. Baird Boosts Highwoods Properties (NYSE:HIW) Price Target to $30.00

Highwoods Properties (NYSE:HIW) had its price target increased by Robert W. Baird from $27.00 to $30.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on HIW. Truist Financial boosted their price target on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a buy rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Highwoods Properties from $28.00 to $31.00 and gave the stock a buy rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $25.86.

Highwoods Properties Trading Down 2.3 %

Shares of NYSE HIW opened at $29.92 on Wednesday. Highwoods Properties has a 1-year low of $17.06 and a 1-year high of $31.58. The company has a market cap of $3.17 billion, a PE ratio of 24.52 and a beta of 1.26. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.34. The company has a 50-day moving average of $26.93 and a two-hundred day moving average of $25.42.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.31). The company had revenue of $204.74 million during the quarter, compared to the consensus estimate of $205.06 million. Highwoods Properties had a return on equity of 6.33% and a net margin of 18.30%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. As a group, equities analysts expect that Highwoods Properties will post 3.58 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.68%. The ex-dividend date is Monday, August 19th. Highwoods Properties’s payout ratio is presently 163.93%.

Institutional Investors Weigh In On Highwoods Properties

Large investors have recently bought and sold shares of the company. Riverview Trust Co bought a new stake in Highwoods Properties in the first quarter valued at approximately $34,000. International Assets Investment Management LLC bought a new stake in Highwoods Properties in the fourth quarter valued at approximately $31,000. Abich Financial Wealth Management LLC increased its stake in Highwoods Properties by 45.5% in the first quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 580 shares in the last quarter. Versant Capital Management Inc increased its stake in Highwoods Properties by 141.3% in the second quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,214 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Highwoods Properties in the fourth quarter valued at approximately $53,000. Institutional investors own 96.31% of the company’s stock.

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.