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BTIG Keeps Their Hold Rating on Highwoods Properties (HIW)

In a report issued on May 31, Tom Catherwood from BTIG maintained a Hold rating on Highwoods Properties (HIWResearch Report). The company’s shares closed last Friday at $36.60, close to its 52-week low of $36.34.

According to TipRanks.com, Catherwood is a 1-star analyst with an average return of -1.1% and a 42.9% success rate. Catherwood covers the Financial sector, focusing on stocks such as Innovative Industrial Properties, Corporate Office Properties, and INDUS Realty Trust.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Highwoods Properties with a $49.67 average price target, implying a 35.3% upside from current levels. In a report issued on May 25, Mizuho Securities also maintained a Hold rating on the stock with a $46.00 price target.

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Based on Highwoods Properties’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $206 million and net profit of $40.88 million. In comparison, last year the company earned revenue of $184 million and had a net profit of $55.08 million.

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Highwoods Properties, Inc. operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa. The company was founded by Ronald P. Gibson in 1978 and is headquartered in Raleigh, NC.

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