Brokers Issue New Targets On Highwoods Properties, Inc. (NYSE:HIW)

Cornelia Mascio
Agosto 13, 2017

Additionally Highwoods Properties, Inc. declared a dividend for shareholders to be paid on Wednesday the 6th of September 2017. (NYSE:HIW) by 177.1% during the second quarter, according to its most recent disclosure with the SEC. Atwood & Palmer Inc sold 126,000 shares as the company's stock declined 1.10% while stock markets rallied. Clearbridge Limited Liability Corporation has invested 0% in Highwoods Properties Inc (NYSE:HIW).

A number of equities research analysts have commented on the stock. ProShare Advisors LLC increased its position in Highwoods Properties by 52.9% in the first quarter. Envestnet Asset Management Inc. now owns 3,083 shares of the real estate investment trust's stock worth $151,000 after buying an additional 369 shares during the period. Finally, Brookfield Asset Management Inc. increased its stake in shares of Highwoods Properties by 26.8% in the fourth quarter. Independent Portfolio Consultants Inc. now owns 2,743 shares of the real estate investment trust's stock worth $139,000 after buying an additional 408 shares during the period. Daiwa Securities Group Inc. now owns 4,503,381 shares of the real estate investment trust's stock worth $228,367,000 after buying an additional 230,723 shares during the last quarter. State Street Corp now owns 4,327,993 shares of the real estate investment trust's stock worth $212,634,000 after buying an additional 88,057 shares during the last quarter.

01/07/2016 - Highwoods Properties, Inc. was downgraded to "neutral" by analysts at Robert W. Baird. Thrivent Financial For Lutherans has 0.02% invested in Highwoods Properties Inc (NYSE:HIW).

The company is so far trading up by 0.20% since yesterday's close of $50.15. The firm has a 50 day moving average price of $50.66 and a 200-day moving average price of $50.76. The company has a market cap of $5.22 billion, a PE ratio of 40.30 and a beta of 0.88. The stock of Highwoods Properties Inc (NYSE:HIW) earned "Hold" rating by Jefferies on Tuesday, May 30. Highwoods Properties had a net margin of 22.31% and a return on equity of 7.05%. Next quarter's EPS is expected be $0.31 with next year's EPS projected to be $1.29. The firm's quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts predict that Highwoods Properties, Inc. will post $1.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Highwoods Properties, Inc.'s dividend has Aug 14, 2017 as record date. This represents a $1.76 annualized dividend and a dividend yield of 3.52%. Independent Portfolio Consultants Inc. increased its stake in shares of Highwoods Properties by 17.5% in the second quarter. If you are reading this article on another publication, it was stolen and republished in violation of United States and global copyright & trademark legislation. If you are accessing this story on another publication, it was illegally copied and reposted in violation of United States and global trademark & copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/12/highwoods-properties-inc-nysehiw-given-average-recommendation-of-hold-by-analysts-updated-updated-updated.html. Mulhern Mark F sold $1.35 million worth of Highwoods Properties Inc (NYSE:HIW) on Wednesday, March 1. Stifel Nicolaus reissued a "buy" rating and issued a $55.00 price objective on shares of Highwoods Properties in a research note on Wednesday, April 19th.

Among 9 analysts covering Highwoods Properties (NYSE:HIW), 3 have Buy rating, 0 Sell and 6 Hold. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock's average target of $49.71 is -1.35% below today's ($50.39) share price.

In other news, COO Theodore J. Klinck sold 10,000 shares of the business's stock in a transaction on Thursday, June 15th. Following the sale, the chief operating officer now owns 63,194 shares of the company's stock, valued at approximately $3,318,316.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. Miller Howard Investments Incorporated New York has invested 0.08% in Highwoods Properties Inc (NYSE:HIW).

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