Wall Street brokerages expect Highwoods Properties Inc (NYSE:HIW) to post $0.86 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for Highwoods Properties’ earnings, with estimates ranging from $0.86 to $0.87. Highwoods Properties reported earnings per share of $0.84 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The company is scheduled to issue its next earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that Highwoods Properties will report full year earnings of $3.44 per share for the current financial year, with EPS estimates ranging from $3.42 to $3.45. For the next year, analysts anticipate that the firm will post earnings of $3.52 per share, with EPS estimates ranging from $3.48 to $3.56. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Highwoods Properties.
Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. Highwoods Properties had a return on equity of 7.87% and a net margin of 24.37%. The business had revenue of $179.42 million during the quarter, compared to the consensus estimate of $173.78 million. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis.
A number of equities research analysts have recently weighed in on HIW shares. SunTrust Banks set a $51.00 price target on Highwoods Properties and gave the company a “buy” rating in a report on Monday, July 30th. Zacks Investment Research upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. ValuEngine upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Finally, Wood & Company reiterated a “sell” rating on shares of Highwoods Properties in a report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Highwoods Properties currently has a consensus rating of “Hold” and a consensus target price of $53.00.
Hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. acquired a new position in Highwoods Properties during the 3rd quarter worth $153,000. First Hawaiian Bank bought a new stake in shares of Highwoods Properties in the 3rd quarter worth $185,000. Advisors Asset Management Inc. raised its stake in shares of Highwoods Properties by 213.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 26,649 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 18,141 shares in the last quarter. Wealthstreet Investment Advisors LLC bought a new stake in shares of Highwoods Properties in the 2nd quarter worth $203,000. Finally, Brown Advisory Inc. bought a new stake in shares of Highwoods Properties in the 2nd quarter worth $206,000. Institutional investors own 92.04% of the company’s stock.
Shares of NYSE HIW opened at $43.89 on Friday. Highwoods Properties has a twelve month low of $41.34 and a twelve month high of $52.58. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $4.60 billion, a PE ratio of 13.38, a PEG ratio of 3.12 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 12th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.85 dividend on an annualized basis and a yield of 4.22%. Highwoods Properties’s dividend payout ratio (DPR) is presently 56.40%.
Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. The Company is a fullyintegrated office REIT that 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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