Highwoods Properties Inc (NYSE:HIW) – Stock analysts at Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for shares of Highwoods Properties in a report issued on Tuesday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will earn $3.45 per share for the year, down from their prior forecast of $3.47. Jefferies Group also issued estimates for Highwoods Properties’ FY2019 earnings at $3.62 EPS.

Highwoods Properties (NYSE:HIW) last announced 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. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. The company had revenue of $180.19 million for the quarter, compared to the consensus estimate of $177.15 million. During the same quarter last year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year.

HIW has been the topic of several other research reports. Bank of America increased their price target on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. ValuEngine upgraded Highwoods Properties from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Edward Jones downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Highwoods Properties has an average rating of “Hold” and a consensus target price of $54.80.

Shares of Highwoods Properties (NYSE HIW) traded up $0.24 during mid-day trading on Wednesday, reaching $48.04. The company’s stock had a trading volume of 952,562 shares, compared to its average volume of 601,115. Highwoods Properties has a one year low of $47.63 and a one year high of $53.34. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $4,960.00, a P/E ratio of 33.36, a PEG ratio of 2.96 and a beta of 0.87.

In other news, Director Sherry A. Kellett sold 1,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $51.70, for a total value of $51,700.00. Following the completion of the sale, the director now directly owns 11,744 shares of the company’s stock, valued at $607,164.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sherry A. Kellett sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total value of $101,280.00. Following the completion of the sale, the director now directly owns 13,744 shares of the company’s stock, valued at $695,996.16. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Westpac Banking Corp lifted its position in Highwoods Properties by 7.0% in the third quarter. Westpac Banking Corp now owns 53,780 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 3,500 shares during the period. Cbre Clarion Securities LLC lifted its position in Highwoods Properties by 19.0% in the second quarter. Cbre Clarion Securities LLC now owns 143,700 shares of the real estate investment trust’s stock worth $7,287,000 after purchasing an additional 22,900 shares during the period. Honeywell International Inc. lifted its position in Highwoods Properties by 17.4% in the third quarter. Honeywell International Inc. now owns 47,142 shares of the real estate investment trust’s stock worth $2,456,000 after purchasing an additional 6,992 shares during the period. Legal & General Group Plc lifted its position in Highwoods Properties by 9.7% in the third quarter. Legal & General Group Plc now owns 371,232 shares of the real estate investment trust’s stock worth $19,338,000 after purchasing an additional 32,695 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its position in Highwoods Properties by 1.4% in the third quarter. Duff & Phelps Investment Management Co. now owns 901,314 shares of the real estate investment trust’s stock worth $46,949,000 after purchasing an additional 12,625 shares during the period. 96.55% of the stock is owned by institutional investors.

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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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