Highwoods Properties (HIW) Receives a Buy from Robert W. Baird

In a report issued on May 9, Dave Rodgers from Robert W. Baird maintained a Buy rating on Highwoods Properties (HIWResearch Report), with a price target of $48.00. The company’s shares closed last Tuesday at $37.55.

According to TipRanks.com, Rodgers is a 4-star analyst with an average return of 4.2% and a 54.2% success rate. Rodgers covers the Financial sector, focusing on stocks such as Franklin Street Properties, Hudson Pacific Properties, and Rexford Industrial Realty.

Currently, the analyst consensus on Highwoods Properties is a Moderate Buy with an average price target of $49.67.

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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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