Brokerage Firm Rating Update on Highwoods Properties (HIW)

Highwoods Properties (HIW) : The consensus on Highwoods Properties (HIW) based on 10 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Highwoods Properties (HIW) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $65 and the lowest price target forecast is $50. The average forecast of all the analysts is $55.63 and the expected standard deviation is $5.53.


Company shares have received an average consensus rating of Hold for the current week Also, BTIG Research initiates coverage on Highwoods Properties (NYSE:HIW). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on August 25, 2016.

Highwoods Properties (NYSE:HIW): The stock opened at $53.58 and touched an intraday high of $53.98 on Wednesday. During the day, the stock corrected to an intraday low of $53.36, however, the bulls stepped in and pushed the price higher to close in the green at $53.92 with a gain of 0.43% for the day. The total traded volume for the day was 706,711. The stock had closed at $53.69 in the previous trading session.

Highwoods Properties, Inc. is a real estate investment trust. The Company is engaged in the business of operation, acquisition and development of real estate properties. It provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company operates office, industrial, retail and residential properties. The Company conducts its activities through Highwoods Realty Limited Partnership. The Companys portfolio consists of office properties in Raleigh, Atlanta, Tampa, Nashville, Memphis, Pittsburgh, Richmond and Orlando; office and industrial properties in Greensboro, and retail and office properties in Kansas City. The Company holds an interest of approximately 31.2 million rentable square feet of in-service properties, 1.7 million rentable square feet of properties under development and approximately 500 acres of development land.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.