Robert W. Baird Reiterates Their Buy Rating on Highwoods Properties (HIW)

In a report issued on July 28, Dave Rodgers from Robert W. Baird reiterated a Buy rating on Highwoods Properties (HIWResearch Report), with a price target of $43.00. The company’s shares closed last Friday at $35.57.

According to TipRanks.com, Rodgers is a 4-star analyst with an average return of 4.4% and a 58.4% success rate. Rodgers covers the Financial sector, focusing on stocks such as Corporate Office Properties, Franklin Street Properties, and Armada Hoffler Properties.

Highwoods Properties has an analyst consensus of Moderate Buy, with a price target consensus of $38.78, a 10.5% upside from current levels. In a report issued on July 19, Morgan Stanley also maintained a Buy rating on the stock with a $36.00 price target.

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Highwoods Properties’ market cap is currently $7.47B and has a P/E ratio of 12.93.

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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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