Highwoods Properties (NYSE:HIW) Given New $32.00 Price Target at Wells Fargo & Company

Highwoods Properties (NYSE:HIW) had its target price lifted by equities research analysts at Wells Fargo & Company from $26.00 to $32.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 5.40% from the company’s previous close.

A number of other brokerages have also recently weighed in on HIW. Weiss Ratings raised Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Truist Financial upped their price objective on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Morgan Stanley raised their target price on shares of Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Citigroup lifted their target price on shares of Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Mizuho boosted their price target on shares of Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Highwoods Properties currently has a consensus rating of “Hold” and a consensus price target of $32.33.

Highwoods Properties Price Performance

Shares of HIW traded down $0.24 during trading hours on Tuesday, hitting $30.36. 360,540 shares of the company were exchanged, compared to its average volume of 1,487,583. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $3.35 billion, a PE ratio of 19.95 and a beta of 1.05. The firm has a fifty day simple moving average of $31.78 and a 200-day simple moving average of $26.90. Highwoods Properties has a one year low of $20.45 and a one year high of $35.44.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The company had revenue of $216.38 million for the quarter, compared to analyst estimates of $212.15 million. During the same period last year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, sell-side analysts predict that Highwoods Properties will post 3.53 earnings per share for the current year.

Institutional Trading of Highwoods Properties

A number of institutional investors have recently bought and sold shares of the company. Amundi grew its stake in Highwoods Properties by 4.3% in the second quarter. Amundi now owns 87,182 shares of the real estate investment trust’s stock valued at $2,629,000 after purchasing an additional 3,600 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Highwoods Properties during the 2nd quarter valued at about $228,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Highwoods Properties during the 2nd quarter valued at about $1,966,000. California State Teachers Retirement System grew its stake in shares of Highwoods Properties by 2,835.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,853,362 shares of the real estate investment trust’s stock valued at $127,764,000 after buying an additional 3,722,086 shares in the last quarter. Finally, Readystate Asset Management LP bought a new stake in shares of Highwoods Properties in the 2nd quarter valued at approximately $269,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Company Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.