Deutsche Bank Aktiengesellschaft Boosts Highwoods Properties (NYSE:HIW) Price Target to $31.00

Highwoods Properties (NYSE:HIW) had its target price boosted by Deutsche Bank Aktiengesellschaft from $28.00 to $31.00 in a report released on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the real estate investment trust’s stock.

HIW has been the subject of several other reports. Morgan Stanley boosted their target price on Highwoods Properties from $18.00 to $21.00 and gave the stock an underweight rating in a research note on Thursday, March 28th. Truist Financial upped their target price on shares of Highwoods Properties from $28.00 to $29.00 and gave the stock a buy rating in a research note on Tuesday, February 13th. Finally, Robert W. Baird lifted their price target on shares of Highwoods Properties from $25.00 to $26.00 and gave the stock a neutral rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $24.75.

Highwoods Properties Price Performance

Highwoods Properties stock opened at $26.40 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.37. Highwoods Properties has a 52-week low of $17.06 and a 52-week high of $27.57. The firm has a market cap of $2.80 billion, a PE ratio of 21.64 and a beta of 1.20. The company’s 50 day moving average is $25.15 and its two-hundred day moving average is $22.75.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Monday, May 20th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a yield of 7.58%. Highwoods Properties’s dividend payout ratio (DPR) is 163.93%.

Hedge Funds Weigh In On Highwoods Properties

Several institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its holdings in shares of Highwoods Properties by 2.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 94,187 shares of the real estate investment trust’s stock valued at $2,466,000 after acquiring an additional 2,275 shares in the last quarter. Entropy Technologies LP acquired a new stake in Highwoods Properties in the first quarter valued at about $433,000. QRG Capital Management Inc. boosted its holdings in Highwoods Properties by 24.9% in the 1st quarter. QRG Capital Management Inc. now owns 18,583 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 3,708 shares in the last quarter. Sei Investments Co. increased its position in Highwoods Properties by 11.0% during the 1st quarter. Sei Investments Co. now owns 957,610 shares of the real estate investment trust’s stock worth $25,070,000 after purchasing an additional 94,804 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Highwoods Properties by 3.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 60,007 shares of the real estate investment trust’s stock worth $1,571,000 after buying an additional 1,954 shares in the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.