Highwoods Properties (HIW) Receives Price Target

Highwoods Properties (HIW) : The highest short term price target forecast on Highwoods Properties (HIW) is $65 and the lowest target price is $50. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $55.63 with a standard deviation of $5.53.

Highwoods Properties (HIW) : 10 analysts are covering Highwoods Properties (HIW) and their average rating on the stock is 2.2, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, BTIG Research initiates coverage on Highwoods Properties (NYSE:HIW) . Analysts at the BTIG Research have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.

Highwoods Properties (NYSE:HIW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.04 and $52.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.06, notching a gain of 0.04% for the day. The total traded volume was 629,557 . The stock had closed at $53.04 on the previous day.

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.

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