Highwoods Properties (NYSE:HIW) Given New $50.00 Price Target at Stifel Nicolaus

Highwoods Properties (NYSE:HIW) had its price target lowered by Stifel Nicolaus from $55.00 to $50.00 in a research report sent to investors on Thursday, February 8th, Marketbeat.com reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also weighed in on the company. SunTrust Banks set a $52.00 target price on Highwoods Properties and gave the stock a hold rating in a research report on Tuesday, October 24th. ValuEngine raised Highwoods Properties from a hold rating to a buy rating in a report on Thursday, January 4th. Finally, Edward Jones lowered Highwoods Properties from a buy rating to a hold rating in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $51.50.

Shares of Highwoods Properties (HIW) traded up $0.30 on Thursday, reaching $43.11. The company had a trading volume of 257,647 shares, compared to its average volume of 751,272. Highwoods Properties has a 52-week low of $41.83 and a 52-week high of $53.34. The company has a market capitalization of $4,450.51, a PE ratio of 24.40, a PEG ratio of 4.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.40 and a quick ratio of 1.40.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be given a $0.4625 dividend. This is an increase from Highwoods Properties’s previous quarterly dividend of $0.44. This represents a $1.85 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, February 16th. Highwoods Properties’s payout ratio is currently 99.44%.

In related news, Director Sherry A. Kellett sold 1,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $51.70, for a total value of $51,700.00. Following the sale, the director now owns 11,744 shares of the company’s stock, valued at approximately $607,164.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sherry A. Kellett sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total value of $101,280.00. Following the completion of the transaction, the director now directly owns 13,744 shares in the company, valued at approximately $695,996.16. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. BB&T Securities LLC bought a new stake in shares of Highwoods Properties during the fourth quarter worth $200,000. Wealthstreet Investment Advisors LLC bought a new stake in Highwoods Properties in the fourth quarter valued at about $204,000. Tudor Investment Corp ET AL bought a new stake in Highwoods Properties in the second quarter valued at about $207,000. Advisor Group Inc. increased its holdings in Highwoods Properties by 470.8% in the fourth quarter. Advisor Group Inc. now owns 4,452 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 3,672 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Highwoods Properties in the fourth quarter valued at about $253,000. Institutional investors own 96.21% of the company’s stock.

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Highwoods Properties Company Profile

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. 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.

Analyst Recommendations for Highwoods Properties (NYSE:HIW)

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