Press coverage about Highwoods Properties (NYSE:HIW) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Highwoods Properties earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.4706277976087 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several research analysts have commented on the company. SunTrust Banks set a $52.00 price objective on Highwoods Properties and gave the stock a “hold” rating in a report on Tuesday, October 24th. 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, Bank of America lifted 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $54.80.
Shares of Highwoods Properties (NYSE HIW) traded down $0.41 during trading hours on Friday, hitting $47.66. The stock had a trading volume of 316,039 shares, compared to its average volume of 540,246. Highwoods Properties has a twelve month low of $47.62 and a twelve month high of $53.34. The stock has a market cap of $4,920.85, a P/E ratio of 32.42, a PEG ratio of 2.96 and a beta of 0.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.20 and a quick ratio of 1.20.
Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.54. The business had revenue of $180.19 million for the quarter, compared to the consensus estimate of $177.15 million. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. sell-side analysts forecast that Highwoods Properties will post 3.38 EPS for the current fiscal year.
In other news, Director Sherry A. Kellett sold 1,000 shares of the firm’s stock in a transaction 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 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 can be accessed through the SEC website. Also, Director Sherry A. Kellett sold 2,000 shares of the firm’s stock in a transaction 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 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. 1.90% of the stock is owned by company insiders.
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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