Morgan Stanley Thinks Highwoods Properties’ Stock is Going to Recover

In a report released today, Ronald Kamdem from Morgan Stanley maintained a Buy rating on Highwoods Properties (HIWResearch Report), with a price target of $36.00. The company’s shares closed last Tuesday at $34.45, close to its 52-week low of $32.62.

According to, Kamdem is a 1-star analyst with an average return of -7.2% and a 55.8% success rate. Kamdem covers the Financial sector, focusing on stocks such as National Storage Affiliates, National Retail Properties, and Hudson Pacific Properties.

Currently, the analyst consensus on Highwoods Properties is a Moderate Buy with an average price target of $39.50.

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Highwoods Properties’ market cap is currently $7.08B and has a P/E ratio of 11.88.

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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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