Highwoods Properties (HIW) Issues FY18 Earnings Guidance

Highwoods Properties (NYSE:HIW) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.35-3.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.45.

Shares of Highwoods Properties (NYSE:HIW) traded down $0.49 during trading hours on Tuesday, reaching $44.85. 1,117,376 shares of the company’s stock were exchanged, compared to its average volume of 719,067. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $4,865.09, a price-to-earnings ratio of 30.51, a PEG ratio of 4.57 and a beta of 0.74. Highwoods Properties has a 12-month low of $44.04 and a 12-month high of $53.34.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be given a $0.4625 dividend. This is a positive change from Highwoods Properties’s previous quarterly dividend of $0.44. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.12%. Highwoods Properties’s dividend payout ratio (DPR) is 119.73%.

Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Highwoods Properties from a buy rating to a hold rating in a research report on Friday. SunTrust Banks set a $51.00 target price on shares of Highwoods Properties and gave the stock a hold rating in a research note on Monday, January 22nd. Finally, Edward Jones downgraded shares of Highwoods Properties from a buy rating to a hold rating in a research note on Monday, November 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Highwoods Properties has an average rating of Hold and an average target price of $52.75.

In related news, Director Sherry A. Kellett sold 1,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were 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 approximately $607,164.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sherry A. Kellett sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total value of $101,280.00. Following the completion of the transaction, the director now 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 owned by corporate insiders.

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Highwoods Properties Company Profile

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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