Highwoods Properties (NYSE:HIW) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Highwoods Properties (NYSE:HIW) in a research note released on Monday, Marketbeat reports. The firm issued a buy rating and a $32.00 target price on the real estate investment trust’s stock.

HIW has been the subject of a number of other reports. Truist Financial decreased their price objective on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. StockNews.com raised Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 14th. Finally, Mizuho increased their price objective on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.86.

Highwoods Properties Trading Up 0.9 %

NYSE:HIW opened at $28.97 on Monday. The stock’s 50 day moving average price is $29.13 and its 200 day moving average price is $31.25. The company has a market capitalization of $3.12 billion, a PE ratio of 30.50 and a beta of 1.25. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. Highwoods Properties has a 52-week low of $23.52 and a 52-week high of $36.78.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. On average, research analysts anticipate that Highwoods Properties will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.90%. Highwoods Properties’s dividend payout ratio is currently 210.53%.

Institutional Trading of Highwoods Properties

Several hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Highwoods Properties by 1.7% in the 3rd quarter. State Street Corp now owns 7,289,806 shares of the real estate investment trust’s stock valued at $244,281,000 after buying an additional 124,646 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Highwoods Properties by 20.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,265,824 shares of the real estate investment trust’s stock valued at $99,869,000 after buying an additional 556,828 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Highwoods Properties by 40.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock valued at $107,155,000 after buying an additional 908,401 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Highwoods Properties by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust’s stock valued at $65,235,000 after buying an additional 71,670 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Highwoods Properties by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,902,036 shares of the real estate investment trust’s stock valued at $63,754,000 after buying an additional 12,958 shares during the period. 96.31% of the stock is owned by institutional investors and hedge funds.

About Highwoods Properties

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.