Wells Fargo raised the firm’s price target on Highwoods Properties (HIW) to $35 from $32 and keeps an Equal Weight rating on the shares. The firm notes 40 REITs it covers reported this week with 24 beats, 3 misses and 13 meets. 27 bumped 2024 guidance, 2 cut, 9 maintained. On average, reporting companies underperformed REITs by -50 bps the day they reported and -140 bps through Friday midday, Wells adds.
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Read More on HIW:
- Highwoods Properties price target raised to $32 from $30 at Baird
- Highwoods Properties raises FY24 FFO outlook to $3.59-$3.63 from $3.54-$3.62
- Highwoods Properties reports Q3 FFO 90c, consensus 88c
- HIW Upcoming Earnings Report: What to Expect?
- Highwoods Properties reports ‘no notable damage’ from Hurricane Milton
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