Equities analysts expect Highwoods Properties Inc (NYSE:HIW) to post sales of $177.54 million for the current quarter, according to Zacks. Five analysts have issued estimates for Highwoods Properties’ earnings. The lowest sales estimate is $175.41 million and the highest is $180.50 million. Highwoods Properties posted sales of $169.41 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The business is expected to announce its next earnings results on Tuesday, April 24th.
On average, analysts expect that Highwoods Properties will report full-year sales of $177.54 million for the current fiscal year, with estimates ranging from $706.96 million to $729.34 million. For the next year, analysts forecast that the firm will report sales of $746.83 million per share, with estimates ranging from $726.85 million to $770.88 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Highwoods Properties.
HIW has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Edward Jones cut shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. SunTrust Banks set a $51.00 target price on shares of Highwoods Properties and gave the stock a “hold” rating in a research report on Monday, January 22nd. Stifel Nicolaus dropped their target price on shares of Highwoods Properties from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Zacks Investment Research cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $53.00.
In other Highwoods Properties news, Director Sherry A. Kellett sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were 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 owns 13,744 shares in the company, valued at approximately $695,996.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sherry A. Kellett sold 1,000 shares of the firm’s stock in a transaction dated 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 approximately $607,164.80. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Several large investors have recently modified their holdings of HIW. BB&T Securities LLC acquired a new stake in shares of Highwoods Properties during the 4th quarter worth approximately $200,000. Wealthstreet Investment Advisors LLC acquired a new stake in shares of Highwoods Properties during the 4th quarter worth approximately $204,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Highwoods Properties during the 4th quarter worth approximately $225,000. Advisor Group Inc. grew its position in shares of Highwoods Properties by 470.8% during the 4th quarter. Advisor Group Inc. now owns 4,452 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 3,672 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Highwoods Properties during the 4th quarter worth approximately $253,000. Institutional investors own 95.19% of the company’s stock.
Shares of Highwoods Properties (NYSE HIW) traded up $0.59 during trading on Tuesday, hitting $44.17. 478,910 shares of the company were exchanged, compared to its average volume of 777,187. The firm has a market cap of $4,432.95, a PE ratio of 24.95, a P/E/G ratio of 4.24 and a beta of 0.74. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.91. Highwoods Properties has a 1-year low of $41.83 and a 1-year high of $53.34.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, February 16th. This is a boost from Highwoods Properties’s previous quarterly dividend of $0.44. Highwoods Properties’s dividend payout ratio (DPR) is presently 104.52%.
About Highwoods Properties
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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