Jefferies Financial Group Issues Pessimistic Forecast for Highwoods Properties (NYSE:HIW) Stock Price

Highwoods Properties (NYSE:HIW) had its price target dropped by equities researchers at Jefferies Financial Group from $35.00 to $31.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 0.71% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company raised their price target on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut shares of Highwoods Properties from a “buy” rating to a “hold” rating and lifted their price target for the stock from $31.00 to $35.00 in a research report on Tuesday, October 1st. Finally, Robert W. Baird increased their price objective on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.17.

Highwoods Properties Trading Up 0.4 %

Shares of NYSE HIW opened at $30.78 on Thursday. Highwoods Properties has a 1-year low of $21.37 and a 1-year high of $36.78. The company has a 50-day moving average of $31.76 and a two-hundred day moving average of $31.18. The company has a market cap of $3.26 billion, a PE ratio of 22.97 and a beta of 1.24. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.74). The company had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.96 million. Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. As a group, equities analysts expect that Highwoods Properties will post 3.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HIW. Quarry LP bought a new position in shares of Highwoods Properties during the third quarter worth $48,000. Versant Capital Management Inc lifted its holdings 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 acquiring an additional 327 shares in the last quarter. Blue Trust Inc. grew 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 acquiring an additional 2,350 shares during the period. Venturi Wealth Management LLC increased its holdings 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 worth $109,000 after acquiring an additional 1,167 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Highwoods Properties by 35.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock worth $135,000 after purchasing 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.