Where Highwoods Props Stands With Analysts
Portfolio Pulse from Benzinga Insights
Highwoods Properties (NYSE:HIW), a REIT focused on urban properties in the Southern US, has seen a shift in analyst sentiment over the past three months, with 4 analysts providing ratings. The average 12-month price target has decreased to $22.5 from $29.25, with individual targets ranging from $18 to $28. Analysts from Morgan Stanley, Truist Securities, B of A Securities, and Mizuho have all lowered their price targets. Despite the lowered targets, Highwoods Props has shown strong financial performance with a revenue growth rate of 0.05%, a net margin of 10.67%, an ROE of 0.91%, and an ROA of 0.37%, although it has a high debt-to-equity ratio of 1.33.
December 21, 2023 | 1:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Highwoods Properties has seen a downward revision in analyst price targets, with the average target now at $22.5, down from $29.25. Despite this, the company has reported strong financial metrics such as revenue growth and net margin.
The reduction in price targets by analysts from reputable firms suggests a bearish outlook for HIW in the short term, which could lead to a negative impact on the stock price. However, the company's strong financial performance may mitigate some of the negative sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100