Share on StockTwits

Highwoods Properties (NYSE:HIW) released its earnings data on Monday. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.01, Stock Ratings reports. The company had revenue of $149.00 million for the quarter, compared to the consensus estimate of $149.84 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Highwoods Properties updated its FY14 guidance to $2.82-2.94 EPS.

HIW has been the subject of a number of recent research reports. Analysts at Jefferies Group downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 9th. They now have a $38.00 price target on the stock, down previously from $42.00. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Highwoods Properties in a research note to investors on Wednesday, January 8th. They now have a $38.00 price target on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Highwoods Properties in a research note to investors on Monday, January 6th. They set an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.60.

Highwoods Properties (NYSE:HIW) traded up 1.41% on Monday, hitting $37.27. The stock had a trading volume of 1,050,828 shares. Highwoods Properties has a 52-week low of $32.13 and a 52-week high of $41.22. The stock’s 50-day moving average is $36.48 and its 200-day moving average is $36.06. The company has a market cap of $3.351 billion and a P/E ratio of 28.29.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Thursday, February 13th.

Highwoods Properties, Inc is a self-administered and self-managed equity real estate investment trust (NYSE:HIW).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.