Below are the dividend stocks that were subject to analyst moves before the bell. Our analysts weigh in with insight and commentary as to what you can expect going forward.

1. Highwoods Properties Inc. upgraded to buy by Jefferies

Jefferies upgraded Highwoods Properties Inc. (HIW ) from Hold to Buy with a price target of $49.00 (from $44.00).
Shares of Highwoods Properties Inc. closed at $43.09 yesterday. The company pays an annual dividend of $1.70 (paid quarterly) and has a yield of 3.95%.

2. EQT Corp. upgraded to overweight by Morgan Stanley

Morgan Stanley upgraded EQT Corp. (EQT ) from Equalweight to Overweight with a price target of $93.00.
Shares of EQT Corp. closed at $69.44 yesterday. The company pays an annual dividend of 12 cents (paid quarterly) and has a yield of 0.17%.

3. PebbleBrook Hotel Trust upgraded to buy by Evercore ISI

Evercore ISI upgraded PebbleBrook Hotel Trust (PEB ) from Hold to Buy with a price target of $38.00.
Shares of PebbleBrook Hotel Trust closed at $33.93 yesterday. The company pays an annual dividend of $1.24 (paid quarterly) and has a yield of 3.65%.

4. Macy’s downgraded to Market Perform by Cowen

Cowen downgraded Macy’s (M ) from Outperform to Market Perform with a price target of $52.00 (from $70.00).
Shares of Macy’s closed at $47.97 yesterday. The company pays an annual dividend of $1.44 (paid quarterly) and has a yield of 3.00%.

5. CMS Energy downgraded to neutral by UBS

UBS downgraded CMS Energy (CMS ) from Buy to Neutral.
Shares of CMS Energy closed at $36.74 yesterday. The company pays an annual dividend of $1.16 (paid quarterly) and has a yield of 3.16%.