Highwoods Properties (NYSE:HIW) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.27 by 11 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Morgan Stanley downgrades its view on Highwoods Properties (NYSE:HIW) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. Morgan Stanley raises the price target from $47 per share to $50 per share on Highwoods Properties . The rating by the firm was issued on May 12, 2016.
Highwoods Properties (NYSE:HIW): The mean short term price target for Highwoods Properties (NYSE:HIW) has been established at $50.39 per share. The higher price target estimate is at $55 and the lower price target estimate is expected at $47 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $2.87
Highwoods Properties (NYSE:HIW) rose 0.02% or 0.01 points on Tuesday and made its way into the gainers of the day. After trading began at $49.46 the stock was seen hitting $49.615 as a peak level and $49.07 as the lowest level. The stock ended up at $49.38. The daily volume was measured at 966,249 shares. The 52-week high of the share price is $49.88 and the 52-week low is $36.57. The company has a market cap of $4,810 million.
Shares of Highwoods Properties Inc. rose by 0.41% in the last five trading days and 6.98% for the last 4 weeks. Highwoods Properties Inc. is up 7.47% in the last 3-month period. Year-to-Date the stock performance stands at 15.46%.
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.