Highwoods Properties (NYSE:HIW) Releases FY 2022 Earnings Guidance

Highwoods Properties (NYSE:HIWGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $3.92-$4.00 for the period. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com downgraded Highwoods Properties from a buy rating to a hold rating in a research report on Saturday, April 16th. Wells Fargo & Company lowered their price target on Highwoods Properties from $55.00 to $40.00 and set an overweight rating for the company in a report on Friday, July 1st. Truist Financial lowered their price target on Highwoods Properties from $48.00 to $42.00 and set a buy rating for the company in a report on Thursday, June 30th. Morgan Stanley lowered their price target on Highwoods Properties from $48.00 to $36.00 and set an overweight rating for the company in a report on Tuesday, July 19th. Finally, Credit Suisse Group initiated coverage on Highwoods Properties in a report on Wednesday, June 22nd. They issued a neutral rating and a $34.00 price target for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $39.57.

Highwoods Properties Price Performance

NYSE:HIW traded up $0.50 during trading hours on Friday, hitting $35.57. The company’s stock had a trading volume of 756,513 shares, compared to its average volume of 778,224. The business’s 50-day moving average is $35.51 and its two-hundred day moving average is $40.51. The company has a market capitalization of $3.74 billion, a PE ratio of 12.57, a PEG ratio of 2.29 and a beta of 1.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.31 and a current ratio of 1.31. Highwoods Properties has a 52-week low of $32.62 and a 52-week high of $48.82.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 13th. Shareholders of record on Monday, August 22nd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend is Friday, August 19th. Highwoods Properties’s dividend payout ratio (DPR) is 70.67%.

Institutional Trading of Highwoods Properties

Large investors have recently made changes to their positions in the stock. First Manhattan Co. acquired a new stake in shares of Highwoods Properties during the first quarter valued at $100,000. Covestor Ltd boosted its stake in shares of Highwoods Properties by 82.8% during the first quarter. Covestor Ltd now owns 2,298 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,041 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Highwoods Properties during the first quarter valued at $215,000. Worth Venture Partners LLC acquired a new stake in shares of Highwoods Properties during the first quarter valued at $229,000. Finally, Quantamental Technologies LLC purchased a new position in Highwoods Properties during the first quarter worth about $288,000. Institutional investors and hedge funds own 98.16% of the company’s stock.

Highwoods Properties Company Profile

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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. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

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Earnings History and Estimates for Highwoods Properties (NYSE:HIW)

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