Robert W. Baird Thinks Highwoods Properties’ Stock is Going to Recover

Robert W. Baird analyst Dave Rodgers maintained a Buy rating on Highwoods Properties (HIWResearch Report) on June 2 and set a price target of $46.00. The company’s shares closed last Tuesday at $33.64, close to its 52-week low of $33.14.

According to TipRanks.com, Rodgers is a 3-star analyst with an average return of 2.0% and a 52.5% success rate. Rodgers covers the Financial sector, focusing on stocks such as Corporate Office Properties, Franklin Street Properties, and Rexford Industrial Realty.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Highwoods Properties with a $49.00 average price target.

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The company has a one-year high of $48.98 and a one-year low of $33.14. Currently, Highwoods Properties has an average volume of 631.9K.

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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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