Jefferies Starts Highwoods Properties Inc. (HIW) at Buy

Jefferies analyst Peter Abramowitz initiates coverage on Highwoods Properties Inc. (NYSE: HIW) with a Buy rating and a price target of $32.00.

The analyst comments: "HIW has had a challenging stretch of large move-outs across its portfolio, with occupancy likely troughing in 1H25. With those move-outs out of the way and fewer large expirations — only one >100K SF through 2027 — looking forward, we expect HIW to start reaping the benefits of strong in-migration and job growth trends in its Sunbelt markets, with a ramp in NOI/earnings growth coming from occupancy upside and the development pipeline beginning in 2H25. We initiate at Buy."

For an analyst ratings summary and ratings history on Highwoods Properties Inc. click here. For more ratings news on Highwoods Properties Inc. click here.

Shares of Highwoods Properties Inc. closed at $28.19 yesterday.

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