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Earnings
Highwoods Properties sees FY20 FFO $3.59-$3.68, consensus $3.58 » 17:15
07/28/20
07/28
17:15
07/28/20
17:15
HIW

Highwoods Properties

$38.32 /

+1.32 (+3.57%)

Guidance excludes…

Guidance excludes potential lost rental revenues and non-cash straight line rent credit losses due to COVID-19 Impact.

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HIW Highwoods Properties
$38.32 /

+1.32 (+3.57%)

HIW Highwoods Properties
$38.32 /

+1.32 (+3.57%)

06/25/20
Fly Intel: Top five analyst upgrades
06/24/20 Morgan Stanley
Highwoods Properties upgraded to Overweight from Equal Weight at Morgan Stanley
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
HIW Highwoods Properties
$38.32 /

+1.32 (+3.57%)

HIW Highwoods Properties
$38.32 /

+1.32 (+3.57%)

Earnings
Highwoods Properties reports Q2 FFO 93c, consensus 89c » 17:13
07/28/20
07/28
17:13
07/28/20
17:13
HIW

Highwoods Properties

$38.32 /

+1.32 (+3.57%)

Reports Q2 revenue…

Reports Q2 revenue $183.15M, consensus $184.98M.

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HIW Highwoods Properties
$38.32 /

+1.32 (+3.57%)

HIW Highwoods Properties
$38.32 /

+1.32 (+3.57%)

06/25/20
Fly Intel: Top five analyst upgrades
06/24/20 Morgan Stanley
Highwoods Properties upgraded to Overweight from Equal Weight at Morgan Stanley
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
HIW Highwoods Properties
$38.32 /

+1.32 (+3.57%)

HIW Highwoods Properties
$38.32 /

+1.32 (+3.57%)

Over a month ago
Hot Stocks
Highwoods Properties reports 99% of rent collected in June » 18:06
07/01/20
07/01
18:06
07/01/20
18:06
HIW

Highwoods Properties

$37.31 /

+ (+0.00%)

Highwoods Properties…

Highwoods Properties provided a business update. The company has signed a 138,000 square foot, long-term, full-building renewal with the Federal Bureau of Investigation in Tampa. chis was the Company's largest lease expiration remaining in 2020. Highwoods developed the FBI's Tampa Field Office as a build-to-suit in 2005. After collecting 99% of its contractually required rents for the months of April and May, the company has collected 99% of its contractually required rents for the month of June. The company further reported that all buildings and parking facilities have remained open for business. The company has sold Centrum and Colonnade, two office buildings in Memphis that encompass a total of 169,000 square feet, for $23.3M. These office properties are a combined 89% occupied and are projected to generate approximately $1.4M of cash net operating income and $1.7 million of GAAP net operating income in 2020. The company expects to record non-FFO gains of approximately $9.6 million in the third quarter of 2020 in connection with these sales.

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HIW Highwoods Properties
$37.31 /

+ (+0.00%)

HIW Highwoods Properties
$37.31 /

+ (+0.00%)

06/25/20
Fly Intel: Top five analyst upgrades
06/24/20 Morgan Stanley
Highwoods Properties upgraded to Overweight from Equal Weight at Morgan Stanley
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
HIW Highwoods Properties
$37.31 /

+ (+0.00%)

HIW Highwoods Properties
$37.31 /

+ (+0.00%)

Upgrade
Fly Intel: Top five analyst upgrades » 09:59
06/25/20
06/25
09:59
06/25/20
09:59
DD

DuPont

$51.06 /

-0.45 (-0.87%)

, AMP

Ameriprise

$148.00 /

+5.07 (+3.55%)

, HIW

Highwoods Properties

$36.69 /

-0.04 (-0.11%)

, FTV

Fortive

$65.31 /

-0.695 (-1.05%)

, ALL

Allstate

$93.45 /

+0.56 (+0.60%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. DuPont (DD) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan citing the company's improving fundamentals from cost reduction measures and greater exposure to "early recovery" markets - auto, construction, and industrial - along with the diminished uncertainty about its PFAS water contamination liability. 2. Ameriprise (AMP) upgraded to Buy from Neutral at Goldman Sachs with analyst Alexander Blostein saying the stock's current multiple fails to reflect improving organic growth trends at both the company's Advice and Wealth Management and Asset Management as well as its "increasingly differentiated" capital return outlook relative to other large cap financials. 3. Highwoods Properties (HIW) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Vikram Malhotra saying he is upgrading the stock as a relative defensive call given its 95% exposure to the Sunbelt, with ongoing benefits of population migration. 4. Fortive (FTV) upgraded to Outperform from Neutral at Baird. 5. Allstate (ALL) upgraded to Neutral from Underperform at Credit Suisse with analyst Michael Zaremski saying he believes execution risk related to the company's transformation initiatives is more manageable during the current pandemic. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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HIW Highwoods Properties
$36.69 /

-0.04 (-0.11%)

FTV Fortive
$65.31 /

-0.695 (-1.05%)

DD DuPont
$51.06 /

-0.45 (-0.87%)

AMP Ameriprise
$148.00 /

+5.07 (+3.55%)

ALL Allstate
$93.45 /

+0.56 (+0.60%)

DD DuPont
$51.06 /

-0.45 (-0.87%)

06/25/20 RBC Capital
DuPont upgraded to Outperform from Sector Perform at RBC Capital
06/25/20 RBC Capital
DuPont upgraded to Outperform from Sector Perform at RBC Capital
06/09/20 Citi
DuPont price target raised to $68 from $52 at Citi
05/11/20 JPMorgan
DuPont quarter not as bad as expected, says JPMorgan
AMP Ameriprise
$148.00 /

+5.07 (+3.55%)

06/25/20 Goldman Sachs
Ameriprise upgraded to Buy from Neutral at Goldman Sachs
06/22/20 Credit Suisse
Ameriprise price target raised to $200 from $165 at Credit Suisse
04/16/20 Credit Suisse
Ameriprise price target lowered to $153 from $202 at Credit Suisse
03/05/20 Citi
Ameriprise price target lowered to $176 from $200 at Citi
HIW Highwoods Properties
$36.69 /

-0.04 (-0.11%)

06/24/20 Morgan Stanley
Highwoods Properties upgraded to Overweight from Equal Weight at Morgan Stanley
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/06/20 Baird
Highwoods Properties upgraded to Outperform at Baird
FTV Fortive
$65.31 /

-0.695 (-1.05%)

06/25/20 Baird
Fortive upgraded to Outperform from Neutral at Baird
06/19/20 Morgan Stanley
Fortive price target raised to $83 from $72 at Morgan Stanley
06/05/20 Vertical Research
Fortive upgraded to Buy from Hold at Vertical Research
05/19/20 Morgan Stanley
Fortive resumed with an Overweight at Morgan Stanley
ALL Allstate
$93.45 /

+0.56 (+0.60%)

06/25/20 Credit Suisse
Allstate upgraded to Neutral from Underperform at Credit Suisse
06/01/20 BofA
Allstate reinstated with a Buy at BofA
05/06/20 JPMorgan
Allstate results affirm bullish view, says JPMorgan
04/21/20 Raymond James
Allstate price target raised to $120 from $110 at Raymond James
HIW Highwoods Properties
$36.69 /

-0.04 (-0.11%)

FTV Fortive
$65.31 /

-0.695 (-1.05%)

DD DuPont
$51.06 /

-0.45 (-0.87%)

AMP Ameriprise
$148.00 /

+5.07 (+3.55%)

ALL Allstate
$93.45 /

+0.56 (+0.60%)

HIW Highwoods Properties
$36.69 /

-0.04 (-0.11%)

DD DuPont
$51.06 /

-0.45 (-0.87%)

DD DuPont
$51.06 /

-0.45 (-0.87%)

AMP Ameriprise
$148.00 /

+5.07 (+3.55%)

DD DuPont
$51.06 /

-0.45 (-0.87%)

AMP Ameriprise
$148.00 /

+5.07 (+3.55%)

Upgrade
Highwoods Properties upgraded to Overweight from Equal Weight at Morgan Stanley » 19:08
06/24/20
06/24
19:08
06/24/20
19:08
HIW

Highwoods Properties

$36.73 /

-1.65 (-4.30%)

Morgan Stanley analyst…

Morgan Stanley analyst Vikram Malhotra upgraded Highwoods Properties to Overweight from Equal Weight with a price target of $44, up from $40. Malhotra said he is upgrading the stock as a relative defensive call given its 95% exposure to the Sunbelt, with ongoing benefits of population migration. The analyst said he also likes the company's highly leased development pipeline, fairly modest lease expiration, and well covered dividend/strong balance sheet.

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HIW Highwoods Properties
$36.73 /

-1.65 (-4.30%)

HIW Highwoods Properties
$36.73 /

-1.65 (-4.30%)

04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/06/20 Baird
Highwoods Properties upgraded to Outperform at Baird
04/06/20 Baird
Highwoods Properties upgraded to Outperform from Neutral at Baird
HIW Highwoods Properties
$36.73 /

-1.65 (-4.30%)

HIW Highwoods Properties
$36.73 /

-1.65 (-4.30%)

Hot Stocks
Highwoods collects 99% of contractually required rents for May » 16:10
06/01/20
06/01
16:10
06/01/20
16:10
HIW

Highwoods Properties

$39.29 /

+1 (+2.61%)

Highwoods Properties…

Highwoods Properties provided an update on the financial impact of the COVID-19 pandemic. After collecting 99% of its contractually required rents for the month of April, the company has collected 99% of its contractually required rents for the month of May. To date, the company has agreed to grant temporary rent deferrals that represent 1.2% of its annualized rental revenues, including the deferrals disclosed in its Q1 earnings release on April 28. The company is not currently aware of any customer-specific facts or circumstances that indicate a likelihood of any material losses at this point during Q2. The company further reported that all buildings and parking facilities have remained open for business.

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HIW Highwoods Properties
$39.29 /

+1 (+2.61%)

HIW Highwoods Properties
$39.29 /

+1 (+2.61%)

04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/06/20 Baird
Highwoods Properties upgraded to Outperform at Baird
04/06/20 Baird
Highwoods Properties upgraded to Outperform from Neutral at Baird
HIW Highwoods Properties
$39.29 /

+1 (+2.61%)

HIW Highwoods Properties
$39.29 /

+1 (+2.61%)

Over a quarter ago
Periodicals
Berkshires' Buffett ponders workers return to offices, WSJ says » 13:13
05/04/20
05/04
13:13
05/04/20
13:13
HPP

Hudson Pacific

$23.11 /

-0.32 (-1.37%)

, SLG

SL Green Realty

$47.15 /

-1.93 (-3.93%)

, BXP

Boston Properties

$89.97 /

-2.95 (-3.17%)

, HIW

Highwoods Properties

$36.00 /

-0.6 (-1.64%)

, CLI

Mack-Cali Realty

$15.06 /

-0.15 (-0.99%)

, BRK.A

Berkshire Hathaway

$265,260.00 /

-8190 (-3.00%)

, BRK.B

Berkshire Hathaway

$176.66 /

-6.1 (-3.34%)

Berkshire Hathaway's…

Berkshire Hathaway's (BRK.A, BRK.B) legendary leader Warren Buffett, said over the weekend,with so many people working remotely for health reasons, that the impact of the coronavirus may impact the way workers due their jobs, reports Chip Cutter of the Wall Street Journal. "The supply and demand for office space may change significantly. A lot of people have learned that they can work at home, or that there's other methods of conducting their business than they might have thought from what they were doing a couple of years ago. When change happens in the world, you adjust to it," said Warren Buffett. Publicly traded companies this information may relate to include, Boston Properties (BXP), SL Green (SLG) Hudson Pacific (HPP) Highwoods Properties (HIW), and Mack-Cali Realty (CLI). Reference Link

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HPP Hudson Pacific
$23.11 /

-0.32 (-1.37%)

04/16/20 Jefferies
Hudson Pacific initiated with a Hold at Jefferies
02/04/20 Mizuho
Hudson Pacific assumed with a Buy at Mizuho
01/15/20 Mizuho
Hudson Pacific upgraded to Buy from Neutral at Mizuho
11/08/19 Goldman Sachs
Hudson Pacific initiated with a Buy at Goldman Sachs
SLG SL Green Realty
$47.15 /

-1.93 (-3.93%)

04/24/20 Piper Sandler
SL Green Realty downgraded to Neutral from Overweight at Piper Sandler
04/08/20 BMO Capital
SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
04/07/20 Citi
SL Green Realty downgraded to Neutral from Buy at Citi
04/06/20 BofA
SL Green Realty downgraded to Neutral from Buy at BofA
BXP Boston Properties
$89.97 /

-2.95 (-3.17%)

04/16/20 Jefferies
Jefferies downgrades Boston Properties to Hold, cuts price target to $94
04/16/20 Jefferies
Boston Properties downgraded to Hold from Buy at Jefferies
03/18/20 Deutsche Bank
Deutsche Bank upgrades Simon Property to Buy amid COVID-19 risks
03/10/20 Stifel
Boston Properties upgraded to Buy from Hold at Stifel
HIW Highwoods Properties
$36.00 /

-0.6 (-1.64%)

04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/06/20 Baird
Highwoods Properties upgraded to Outperform at Baird
04/06/20 Baird
Highwoods Properties upgraded to Outperform from Neutral at Baird
CLI Mack-Cali Realty
$15.06 /

-0.15 (-0.99%)

03/25/20 Evercore ISI
Mack-Cali Realty downgraded to In Line from Outperform at Evercore ISI
01/07/20 Stifel
Mack-Cali Realty downgraded to Hold from Buy at Stifel
01/06/20 Evercore ISI
Mack-Cali Realty upgraded to Outperform from In Line at Evercore ISI
12/20/19 Citi
UDR combination with Mack-Cali Realty is unlikely, says Citi
BRK.A Berkshire Hathaway
$265,260.00 /

-8190 (-3.00%)

04/06/20 Citi
Delta not 'broken story' but share weakness may persist, says Citi
06/19/19 Citi
Axalta Coating under pressure to deliver on M&A, says Citi
BRK.B Berkshire Hathaway
$176.66 /

-6.1 (-3.34%)

Upgrade
Highwoods Properties upgraded to Buy from Neutral at Mizuho » 06:46
04/28/20
04/28
06:46
04/28/20
06:46
HIW

Highwoods Properties

$36.82 /

+1.715 (+4.89%)

Mizuho analyst Omotayo…

Mizuho analyst Omotayo Okusanya upgraded Highwoods Properties to Buy from Neutral with a price target of $45, down from $51. The analyst sees the company as a "solid growth at a reasonable price play" and estimates Highwoods has the least exposure to "non-core" income in the office real estate investment trust space.

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HIW Highwoods Properties
$36.82 /

+1.715 (+4.89%)

04/28/20 Mizuho
Highwoods Properties upgraded to Buy from Neutral at Mizuho
04/06/20 Baird
Highwoods Properties upgraded to Outperform at Baird
04/06/20 Baird
Highwoods Properties upgraded to Outperform from Neutral at Baird
03/04/20 BofA
Highwoods Properties upgraded to Buy from Neutral at BofA
Upgrade
Highwoods Properties upgraded to Buy from Neutral at Mizuho » 06:23
04/28/20
04/28
06:23
04/28/20
06:23
HIW

Highwoods Properties

$36.82 /

+1.715 (+4.89%)

Mizuho analyst Omotayo…

Mizuho analyst Omotayo Okusanya upgraded Highwoods Properties to Buy from Neutral.

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HIW Highwoods Properties
$36.82 /

+1.715 (+4.89%)

04/06/20 Baird
Highwoods Properties upgraded to Outperform at Baird
04/06/20 Baird
Highwoods Properties upgraded to Outperform from Neutral at Baird
03/04/20 BofA
Highwoods Properties upgraded to Buy from Neutral at BofA
03/04/20 BofA
Highwoods Properties upgraded to Buy from Neutral at BofA
Upgrade
Highwoods Properties upgraded to Outperform at Baird » 08:51
04/06/20
04/06
08:51
04/06/20
08:51
HIW

Highwoods Properties

$31.02 /

-0.05 (-0.16%)

As reported previously,…

As reported previously, Baird analyst Dave Rogers upgraded Highwoods Properties to Outperform from Neutral with a price target of $40, down from $53. He views the company as a top -quality management team across diversified metro areas that offers investors solid relative cash flow stability at a discount to his estimate of combined land value and hard costs related to restructuring its portfolio.

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HIW Highwoods Properties
$31.02 /

-0.05 (-0.16%)

04/06/20 Baird
Highwoods Properties upgraded to Outperform from Neutral at Baird
03/04/20 BofA
Highwoods Properties upgraded to Buy from Neutral at BofA
03/04/20 BofA
Highwoods Properties upgraded to Buy from Neutral at BofA
02/04/20
Fly Intel: Top five analyst initiations

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