Highwoods Properties, Inc. (NYSE:HIW) – Investment analysts at Jefferies Group lowered their Q4 2017 EPS estimates for shares of Highwoods Properties in a research note issued on Monday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $0.82 per share for the quarter, down from their prior forecast of $0.85. Jefferies Group also issued estimates for Highwoods Properties’ FY2018 earnings at $3.49 EPS.

A number of other equities analysts also recently issued reports on HIW. BidaskClub downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Bank of America raised their target price on shares of Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Edward Jones downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. SunTrust Banks set a $52.00 target price on shares of Highwoods Properties and gave the company a “hold” rating in a research note on Tuesday, October 24th. Finally, Janney Montgomery Scott initiated coverage on shares of Highwoods Properties in a research note on Friday, September 8th. They issued a “neutral” rating for the company. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Highwoods Properties presently has a consensus rating of “Hold” and a consensus price target of $54.80.

Highwoods Properties (HIW) opened at $50.99 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.20. Highwoods Properties has a one year low of $47.59 and a one year high of $53.34. The stock has a market cap of $5,229.56, a P/E ratio of 14.98, a PEG ratio of 3.28 and a beta of 0.87.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.54. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The business had revenue of $180.19 million for the quarter, compared to the consensus estimate of $177.15 million. During the same period in the prior year, the firm earned $0.82 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be issued a $0.44 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.45%. Highwoods Properties’s dividend payout ratio is currently 119.73%.

Several hedge funds and other institutional investors have recently bought and sold shares of HIW. Capstone Asset Management Co. increased its stake in Highwoods Properties by 3.2% during the 2nd quarter. Capstone Asset Management Co. now owns 7,818 shares of the real estate investment trust’s stock worth $396,000 after buying an additional 240 shares during the period. Russell Investments Group Ltd. increased its stake in Highwoods Properties by 27.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 86,333 shares of the real estate investment trust’s stock worth $4,379,000 after buying an additional 18,536 shares during the period. Public Employees Retirement Association of Colorado increased its stake in Highwoods Properties by 4.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 124 shares during the period. World Asset Management Inc increased its stake in Highwoods Properties by 3.2% during the 2nd quarter. World Asset Management Inc now owns 6,433 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 200 shares during the period. Finally, Sei Investments Co. increased its position in shares of Highwoods Properties by 10.5% in the 2nd quarter. Sei Investments Co. now owns 124,056 shares of the real estate investment trust’s stock valued at $6,291,000 after purchasing an additional 11,832 shares during the last quarter. 96.56% of the stock is owned by institutional investors and hedge funds.

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About Highwoods Properties

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

Earnings History and Estimates for Highwoods Properties (NYSE:HIW)

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