Highwoods Properties Inc (HIW) Issues FY14 Earnings Guidance
Highwoods Properties Inc (NYSE:HIW) updated its FY14 earnings guidance on Tuesday. The company provided EPS guidance of $2.88-2.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.90, American Banking & Market News reports.
A number of research firms have recently commented on HIW. 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Highwoods Properties currently has a consensus rating of Hold and an average target price of $41.43.
Shares of Highwoods Properties Inc (NYSE:HIW) traded down 0.28% during mid-day trading on Tuesday, hitting $42.09. The stock had a trading volume of 720,605 shares. Highwoods Properties Inc has a 52-week low of $32.90 and a 52-week high of $42.77. The stock has a 50-day moving average of $41.95 and a 200-day moving average of $39.30. The company has a market cap of $3.793 billion and a price-to-earnings ratio of 30.13.
Highwoods Properties (NYSE:HIW) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.07. 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. Analysts expect that Highwoods Properties Inc will post $2.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 9th. Stockholders of record on Monday, August 18th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, August 14th.
Highwoods Properties, Inc, is a self-administered and self-managed equity real estate investment trust (NYSE:HIW).
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