Highwoods Properties Gets a Buy Rating from Wells Fargo


Wells Fargo analyst Blaine Heck maintained a Buy rating on Highwoods Properties (NYSE: HIW) yesterday. The company’s shares closed yesterday at $48.66.

According to TipRanks.com, Heck is a 2-star analyst with an average return of 4.5% and a 71.4% success rate. Heck covers the Financial sector, focusing on stocks such as DCT Industrial Trust Inc, Office Properties Trust, and Cousins Properties.

Highwoods Properties has an analyst consensus of Strong Buy, with a price target consensus of $53.

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Highwoods Properties’ market cap is currently $5.02B and has a P/E ratio of 27.36. The company has a Price to Book ratio of 2.28.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock.

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Highwoods Properties, Inc. is 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.

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