Highwoods Prop (NYSE:HIW) Rating Maintained
Equities researchers at Stifel have $50.0 price target on Highwoods Prop (NYSE:HIW). Stifel’s price target would indicate a potential upside of 12.64 % from the company’s close price. The rating was revealed to investors in analysts note on 8 February.
NYSE:HIW is currently trading 0.41% higher at $51.39 as of 4:09 AM New York time. Highwoods Prop’s stock is 0% over the past 200 days. It has underperformed the S&P500, which has added 6.00% over the same time period.
According to data compiled by Thomson Reuters, Highwoods Prop (NYSE:HIW)’s stock is covered by 10 equity analysts across the Street, with 0 analysts giving it a Sell rating, 6 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $49.65, which reflects an downside potential of 3.39% over the current price.
Garland Capital Management Inc had the biggest stake with ownership of 82,225 shares as of q2 2015 for 3.47% of the US equity exposure. Atwood & Palmer Inc is another bull as the fund who is possessing 216,021 shares of Highwoods Prop or 2.04% of their US equity exposure. Also, Putnam Fl Investment Management Co have 1.85% of their US equity exposure invested in the company for 311,619 shares. The Connecticut-based fund Barings Real Estate Advisers Llc revealed it had acquired a stake worth about 1.81% of the fund’s stock portfolio in Highwoods Prop. The Massachusetts-based fund Copper Rock Capital Partners Llc is also positive about the stock, possessing 110,710 shares or 1.55% of their US equity exposure.
Highwoods Prop (NYSE:HIW) 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.
Highwoods Prop (NYSE:HIW) traded up 0.41% on 8 February, hitting $51.39. A total of 546,752 shares of the company’s stock traded hands. This is up from average of 485,409 shares. Highwoods Prop has a 52 week low of $45.83 and a 52 week high of $53.34. The company has a market cap of $5.31B and a P/E ratio of 35.65.
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