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Analysts Offer Insights on Real Estate Companies: Highwoods Properties (HIW), ESR-REIT (OtherCGIUF) and American Tower (AMT)

Tipranks - Thu Apr 30, 11:56AM CDT

Analysts have been eager to weigh in on the Real Estate sector with new ratings on Highwoods Properties (HIW), ESR-REIT (CGIUF) and American Tower (AMT).

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Highwoods Properties (HIW)

Truist Financial analyst Michael Lewis maintained a Hold rating on Highwoods Properties today. The company’s shares closed last Wednesday at $24.17, close to its 52-week low of $23.52.

According to TipRanks.com, Lewis is a 5-star analyst with an average return of 9.5% and a 64.9% success rate. Lewis covers the NA sector, focusing on stocks such as SmartStop Self Storage REIT, Inc., Easterly Government Properties, and American Healthcare REIT, Inc. ;'>

Highwoods Properties has an analyst consensus of Hold, with a price target consensus of $26.60, which is an 8.4% upside from current levels. In a report issued on April 15, Wells Fargo also maintained a Hold rating on the stock with a $34.00 price target.

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ESR-REIT (CGIUF)

CGS International analyst Lock Mun Yee maintained a Buy rating on ESR-REIT yesterday and set a price target of S$3.43. The company’s shares closed last Wednesday at $1.66.

According to TipRanks.com, Yee is a 3-star analyst with an average return of 4.4% and a 47.7% success rate. Yee covers the NA sector, focusing on stocks such as CapitaLand Integrated Commercial Trust, Parkway Life Real Estate Investment, and Mapletree Pan Asia Commercial Trust. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ESR-REIT with a $2.69 average price target.

American Tower (AMT)

In a report released today, Michael Rollins from Citi maintained a Buy rating on American Tower. The company’s shares closed last Wednesday at $179.00, close to its 52-week low of $170.46.

According to TipRanks.com, Rollins is a 5-star analyst with an average return of 12.7% and a 64.5% success rate. Rollins covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Array Digital Infrastructure, and Telephone & Data Systems. ;'>

Currently, the analyst consensus on American Tower is a Moderate Buy with an average price target of $215.85, which is a 21.6% upside from current levels. In a report issued on April 15, Mizuho Securities also upgraded the stock to Buy with a $205.00 price target.

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