Truist Financial Cuts Highwoods Properties Price Target

Highwoods Properties stock price target lowered to $23 from $29 by Truist Financial

Mar. 20, 2026 at 6:10am

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Highwoods Properties (NYSE:HIW), a real estate investment trust, had its price target cut from $29 to $23 by Truist Financial. Truist Financial maintained a 'hold' rating on the stock. The price target reduction comes after Highwoods Properties reported lower-than-expected earnings in its latest quarter.

Why it matters

Highwoods Properties is a major commercial real estate owner and operator, particularly in the Southeast U.S. The lowered price target from Truist Financial suggests analysts see near-term challenges for the company, which could impact its stock performance and ability to raise capital for future growth.

The details

In a research report, Truist Financial cited Highwoods Properties' recent quarterly results, which missed analyst expectations, as the reason for the price target cut. The investment bank maintained its 'hold' rating on the REIT's stock. Several other analysts have also recently adjusted their views on Highwoods, with some lowering price targets and ratings amid the challenging commercial real estate environment.

  • Truist Financial released its updated research report on Highwoods Properties on Tuesday, March 20, 2026.
  • Highwoods Properties reported its latest quarterly earnings on Tuesday, February 10, 2026.

The players

Highwoods Properties

A publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties, primarily focused on Class A office space in key urban and suburban markets across the Southeastern U.S. and Texas.

Truist Financial

A major U.S. financial services company that provides banking, investing, insurance, and mortgage products and services.

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What’s next

Investors will be watching to see if Highwoods Properties can rebound from its recent earnings miss and regain analyst confidence in the company's outlook.

The takeaway

The lowered price target for Highwoods Properties by Truist Financial reflects broader challenges facing the commercial real estate sector, as companies navigate a shifting work environment and economic conditions. This highlights the importance of REITs maintaining a strong financial position and diversified portfolio to weather market fluctuations.