Highwoods Properties (NYSE:HIW) Downgraded to “Hold” Rating by Deutsche Bank Aktiengesellschaft

Highwoods Properties (NYSE:HIW) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Wednesday, MarketBeat Ratings reports. They currently have a $33.00 price objective on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 0.06% from the company’s previous close.

Several other analysts have also issued reports on HIW. Citigroup boosted their target price on Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Wells Fargo & Company boosted their price objective on Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. 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 report on Friday, June 26th. Finally, Mizuho increased their target price on shares of Highwoods Properties from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Highwoods Properties has an average rating of “Hold” and a consensus target price of $31.67.

Highwoods Properties Stock Down 1.0%

HIW opened at $32.98 on Wednesday. Highwoods Properties has a fifty-two week low of $20.45 and a fifty-two week high of $35.44. 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’s 50-day moving average is $30.63 and its 200 day moving average is $26.22. The firm has a market capitalization of $3.64 billion, a P/E ratio of 21.70 and a beta of 1.05.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $216.38 million for the quarter, compared to analysts’ expectations of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Research analysts expect that Highwoods Properties will post 3.53 earnings per share for the current fiscal year.

Highwoods Properties announced that its board has initiated a share repurchase plan on Wednesday, April 22nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 9.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Pacific Heights Asset Management LLC boosted its position in shares of Highwoods Properties by 40.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock valued at $9,037,000 after acquiring an additional 100,000 shares during the period. LSV Asset Management increased its holdings in Highwoods Properties by 6.4% during the 4th quarter. LSV Asset Management now owns 1,187,100 shares of the real estate investment trust’s stock worth $30,651,000 after acquiring an additional 71,500 shares during the period. Bayhunt Capital LLC purchased a new stake in Highwoods Properties in the 4th quarter worth approximately $13,125,000. Vanguard Group Inc. lifted its stake in Highwoods Properties by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 16,903,497 shares of the real estate investment trust’s stock worth $436,448,000 after purchasing an additional 407,406 shares in the last quarter. Finally, Aew Capital Management L P boosted its holdings in Highwoods Properties by 3.8% in the 4th quarter. Aew Capital Management L P now owns 2,433,243 shares of the real estate investment trust’s stock valued at $62,826,000 after purchasing an additional 88,672 shares during the period. Institutional investors 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.