Jefferies Maintains a 'Hold' on Highwoods Properties Inc. (HIW); A Favorite on Ice

Jefferies maintains a 'Hold' on Highwoods Properties Inc. (NYSE: HIW) price target of $36.00 (from $37.00).

Analyst, Omotayo Okusanya, said, "HIW remains our favorite play in the suburban office play given the high quality of its assets in its markets, clean balance sheet and solid management team. That said, fundamentals need to turn more positive and HIW needs to show additional progress on re-leasing large upcoming vacancies in Atlanta and Tampa."

FY12 EPS estimate lowered from $2.79 to $2.77.

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 $33.23 yesterday.

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