Expert Ratings For Highwoods Props
Portfolio Pulse from Benzinga Insights
Highwoods Properties (NYSE:HIW) has received mixed analyst ratings in the last three months, with a recent shift towards a somewhat bearish outlook. The average 12-month price target for HIW has been raised to $26.00, reflecting a 9.84% increase from the previous target. Analysts from Morgan Stanley, Baird, Truist Securities, and Deutsche Bank have updated their ratings and price targets, indicating varying expectations for HIW's performance. Financially, HIW faces revenue challenges with a -2.29% decline over 3 months but shows strong profitability and effective cost management with an impressive net margin of 18.37% and above-average ROE and ROA.
March 28, 2024 | 3:00 pm
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NEUTRAL IMPACT
Highwoods Properties has seen a recent shift in analyst sentiment, with a somewhat bearish outlook despite an increase in the average price target to $26.00. The company faces revenue challenges but demonstrates strong profitability and effective cost management.
The mixed analyst ratings and the recent shift towards a somewhat bearish outlook could lead to short-term uncertainty in HIW's stock price. However, the increase in the average price target and HIW's strong profitability metrics, such as net margin, ROE, and ROA, suggest underlying strengths. The revenue challenges and below-average market capitalization might concern investors, but the effective cost management and lower reliance on debt financing could balance views. The overall impact is neutral due to these conflicting factors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100