Mizuho Securities Maintains Their Hold Rating on Highwoods Properties (HIW)

In a report issued on May 25, Vikram Malhorta from Mizuho Securities maintained a Hold rating on Highwoods Properties (HIWResearch Report), with a price target of $46.00. The company’s shares closed last Friday at $39.52.

According to, Malhorta is a 3-star analyst with an average return of 3.0% and a 56.1% success rate. Malhorta covers the Financial sector, focusing on stocks such as Hudson Pacific Properties, Associated Capital Group, and First Industrial Realty.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Highwoods Properties with a $49.67 average price target, which is a 28.2% upside from current levels. In a report issued on May 16, BTIG also maintained a Hold rating on the stock.

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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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