Morgan Stanley (NYSE:MS) analyst Vikram Malhorta maintained a Hold rating on Highwoods Properties (NYSE:HIW) on Thursday, setting a price target of $40, which is approximately 7.50% above the present share price of $37.21.
Malhorta expects Highwoods Properties to post earnings per share (EPS) of $1.79 for the second quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Highwoods Properties, with an average price target of $42.29.
The analysts price targets range from a high of $55 to a low of $34.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $192.8 million and a net profit of $58.52 million. The company's market cap is $3.95 billion.
According to TipRanks.com, Morgan Stanley analyst Vikram Malhorta is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -5.5% and a 46.15% success rate.
Highwoods Properties, Inc. operates as 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. The company was founded by Ronald P. Gibson in 1978 and is headquartered in Raleigh, NC.