Highwoods Properties, Inc. (NYSE:HIW) – Stock analysts at Jefferies Group reduced their FY2017 earnings per share (EPS) estimates for Highwoods Properties in a report issued on Monday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $3.38 per share for the year, down from their prior forecast of $3.39. Jefferies Group also issued estimates for Highwoods Properties’ FY2019 earnings at $3.66 EPS.

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

Highwoods Properties (HIW) opened at $50.50 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $5,264.66, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 3.30 and a beta of 0.87. Highwoods Properties has a twelve month low of $47.97 and a twelve month high of $53.34.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were issued a $0.44 dividend. The ex-dividend date was Monday, November 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.49%. Highwoods Properties’s payout ratio is presently 119.73%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in Highwoods Properties by 38.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,185,036 shares of the real estate investment trust’s stock worth $212,222,000 after acquiring an additional 1,160,930 shares during the last quarter. JPMorgan Chase & Co. grew its position in Highwoods Properties by 36.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,278,256 shares of the real estate investment trust’s stock worth $166,240,000 after acquiring an additional 882,571 shares during the last quarter. Franklin Resources Inc. grew its position in Highwoods Properties by 234.5% during the 2nd quarter. Franklin Resources Inc. now owns 658,049 shares of the real estate investment trust’s stock worth $33,370,000 after acquiring an additional 461,312 shares during the last quarter. Koch Industries Inc. bought a new stake in Highwoods Properties during the 2nd quarter worth approximately $401,000. Finally, Eagle Asset Management Inc. grew its position in Highwoods Properties by 510.5% during the 2nd quarter. Eagle Asset Management Inc. now owns 322,892 shares of the real estate investment trust’s stock worth $16,373,000 after acquiring an additional 269,998 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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