Highwoods Properties Receives a Hold from Jefferies

By Ryan Adsit

In a report released today, Omotayo Okusanya from Jefferies reiterated a Hold rating on Highwoods Properties (NYSE: HIW), with a price target of $49. The company’s shares closed last Friday at $50.80.

According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 5.4% and a 58.2% success rate. Okusanya covers the Financial sector, focusing on stocks such as Government Properties Income Trust, National Storage Affiliates Trust, and Retail Properties of America Inc.

Highwoods Properties has an analyst consensus of Moderate Buy, with a price target consensus of $52.

Based on Highwoods Properties’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $169 million and quarterly net profit of $32.3 million. In comparison, last year the company earned revenue of $164 million and had a net profit of $18.92 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Highwoods Properties, Inc. is a real estate investment trust. It owns, develops, acquires, leases and manages properties primarily in the best business districts of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. The company was founded by Ronald P. Gibson in 1994 and is headquartered in Raleigh, NC.