SunTrust Robinson Thinks Highwoods Properties’ Stock is Going to Recover


In a report issued on November 27, Michael R Lewis from SunTrust Robinson reiterated a Buy rating on Highwoods Properties (HIW), with a price target of $49. The company’s shares opened today at $43.11, close to its 52-week low of $41.34.

According to TipRanks.com, Lewis is a 4-star analyst with an average return of 5.2% and a 65.9% success rate. Lewis covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, Apartment Investment & Management, and Easterly Government Properties.

Highwoods Properties has an analyst consensus of Moderate Buy, with a price target consensus of $48.50.

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Highwoods Properties’ market cap is currently $4.47B and has a P/E ratio of 25.87. The company has a Price to Book ratio of 2.04.

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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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