Highwoods Properties Receives Consensus Rating of “Hold” from Analysts (NYSE:HIW)
Shares of Highwoods Properties (NYSE:HIW) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the company, American Banking and Market News reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $41.17.
HIW has been the subject of a number of recent research reports. Analysts at Capital One Financial Corp. initiated coverage on shares of Highwoods Properties in a research note on Tuesday. They set an “equal weight” rating on the stock. Separately, 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. Finally, 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.
Highwoods Properties (NYSE:HIW) traded down 0.02% during mid-day trading on Wednesday, hitting $42.71. The stock had a trading volume of 110,237 shares. Highwoods Properties has a one year low of $32.90 and a one year high of $42.94. The stock’s 50-day moving average is $42.19 and its 200-day moving average is $40.26. The company has a market cap of $3.859 billion and a price-to-earnings ratio of 32.39.
Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results 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 will post $2.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 9th. Shareholders 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 3.98%. 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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