Share on StockTwits

Highwoods Properties (NYSE:HIW) announced its earnings results on Tuesday. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.07, American Banking News reports. The company had revenue of $152.72 million for the quarter, compared to the consensus estimate of $149.72 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Highwoods Properties updated its FY14 guidance to $2.88-2.94 EPS.

Shares of Highwoods Properties (NYSE:HIW) traded down 0.28% on Tuesday, hitting $42.09. The stock had a trading volume of 720,605 shares. Highwoods Properties has a 1-year low of $32.90 and a 1-year high of $42.77. The stock’s 50-day moving average is $41. and its 200-day moving average is $39.34. The company has a market cap of $3.793 billion and a P/E ratio of 30.13.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, August 14th.

Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Highwoods Properties from $38.00 to $43.00 in a research note on Tuesday, July 22nd. On a related note, analysts at Oppenheimer raised their price target on shares of Highwoods Properties from $41.00 to $46.00 in a research note on Wednesday, July 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Highwoods Properties in a research note on Thursday, June 26th. They now have a $44.00 price target on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Highwoods Properties currently has an average rating of “Hold” and a consensus price target of $41.43.

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.