Highwoods Properties Now Covered by Capital One Financial Corp. (HIW)
Equities researchers at Capital One Financial Corp. began coverage on shares of Highwoods Properties (NYSE:HIW) in a research report issued on Tuesday. The firm set an “equal weight” rating on the stock.
In other Highwoods Properties news, CFO Terry L. Stevens unloaded 11,215 shares of Highwoods Properties stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $42.39, for a total transaction of $475,403.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on HIW. Analysts at RBC Capital raised their price target on shares of Highwoods Properties from $42.00 to $43.00 in a research note on Wednesday, August 6th. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $41.17.
Highwoods Properties (NYSE:HIW) opened at 42.55 on Tuesday. Highwoods Properties has a one year low of $32.90 and a one year high of $42.94. The stock has a 50-day moving average of $42.17 and a 200-day moving average of $40.1. The company has a market cap of $3.845 billion and a price-to-earnings ratio of 32.26.
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. On average, analysts predict that Highwoods Properties will post $2.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Investors 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 4.00%. The ex-dividend date 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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