Highwoods Properties Inc (NYSE:HIW) – Capital One Financial lowered their FY2018 earnings per share (EPS) estimates for Highwoods Properties in a research report issued on Thursday. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings of $3.42 per share for the year, down from their previous forecast of $3.43. Capital One Financial also issued estimates for Highwoods Properties’ Q4 2018 earnings at $0.87 EPS.
A number of other research analysts also recently issued reports on HIW. Stifel Nicolaus reduced their price target on Highwoods Properties from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday. ValuEngine lowered Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks set a $51.00 price target on Highwoods Properties and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Edward Jones lowered Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.50.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 4.32%. This is an increase from Highwoods Properties’s previous quarterly dividend of $0.44. Highwoods Properties’s payout ratio is currently 99.44%.
In other news, Director Sherry A. Kellett sold 1,000 shares of Highwoods Properties stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $51.70, for a total transaction of $51,700.00. Following the completion of the sale, the director now owns 11,744 shares of the company’s stock, valued at $607,164.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sherry A. Kellett sold 2,000 shares of Highwoods Properties stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total transaction of $101,280.00. Following the sale, the director now directly owns 13,744 shares of the company’s stock, valued at approximately $695,996.16. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of HIW. Wealthstreet Investment Advisors LLC acquired a new position in Highwoods Properties in the 4th quarter valued at $204,000. Tudor Investment Corp ET AL purchased a new position in Highwoods Properties during the second quarter valued at approximately $207,000. Parametrica Management Ltd purchased a new position in Highwoods Properties during the third quarter valued at approximately $288,000. Public Employees Retirement Association of Colorado increased its holdings in Highwoods Properties by 74.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 5,574 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 2,375 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in Highwoods Properties during the second quarter valued at approximately $295,000. 96.59% of the stock is owned by hedge funds and other institutional investors.
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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.
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