Brokerages Set Highwoods Properties, Inc. (NYSE:HIW) Price Target at $30.86

Highwoods Properties, Inc. (NYSE:HIW) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $30.86.

A number of research firms recently commented on HIW. Jefferies Financial Group lowered their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company increased their price target on Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Mizuho lifted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Robert W. Baird raised their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, November 1st.

Highwoods Properties Stock Up 0.6 %

Shares of NYSE HIW opened at $29.73 on Monday. The firm has a 50 day moving average price of $30.43 and a 200 day moving average price of $31.60. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $3.15 billion, a P/E ratio of 22.19 and a beta of 1.24. Highwoods Properties has a 52-week low of $21.46 and a 52-week high of $36.78.

Highwoods Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date of this dividend is Tuesday, February 18th. Highwoods Properties’s dividend payout ratio is presently 149.25%.

Institutional Trading of Highwoods Properties

Several institutional investors and hedge funds have recently bought and sold shares of HIW. Quarry LP acquired a new position in shares of Highwoods Properties during the 3rd quarter worth about $48,000. Versant Capital Management Inc increased its position in Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 327 shares during the last quarter. Blue Trust Inc. raised its stake in Highwoods Properties by 269.8% in the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 2,350 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Highwoods Properties by 55.8% in the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,167 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Highwoods Properties by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 1,069 shares during the period. Institutional investors own 96.31% of the company’s stock.

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.