Analysts expect Highwoods Properties Inc (NYSE:HIW) to announce earnings per share (EPS) of $0.86 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Highwoods Properties’ earnings. The lowest EPS estimate is $0.86 and the highest is $0.87. Highwoods Properties reported earnings of $0.84 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The business is scheduled to issue its next quarterly 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 year, with EPS estimates ranging from $3.43 to $3.45. For the next fiscal year, analysts forecast that the company will report earnings of $3.52 per share, with EPS estimates ranging from $3.48 to $3.56. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Highwoods Properties.
Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $179.42 million during the quarter, compared to analysts’ expectations of $173.78 million. Highwoods Properties had a net margin of 24.37% and a return on equity of 7.87%. Highwoods Properties’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS.
A number of research firms have recently issued reports on HIW. Zacks Investment Research cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Finally, Wood & Company reiterated a “sell” rating on shares of Highwoods Properties in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.00.
Institutional investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. acquired a new stake in Highwoods Properties in the 3rd quarter worth about $153,000. First Hawaiian Bank acquired a new stake in Highwoods Properties in the 3rd quarter worth about $185,000. Brown Advisory Inc. acquired a new stake in Highwoods Properties in the 2nd quarter worth about $206,000. Qube Research & Technologies Ltd acquired a new stake in Highwoods Properties in the 2nd quarter worth about $220,000. Finally, FTB Advisors Inc. acquired a new stake in Highwoods Properties in the 2nd quarter worth about $284,000. Institutional investors and hedge funds own 92.02% of the company’s stock.
Shares of NYSE HIW traded down $0.07 during mid-day trading on Monday, reaching $43.35. 642,916 shares of the company were exchanged, compared to its average volume of 597,720. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $4.49 billion, a PE ratio of 13.22, a P/E/G ratio of 3.05 and a beta of 0.80. Highwoods Properties has a twelve month low of $41.34 and a twelve month high of $52.58.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Monday, November 12th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Thursday, November 8th. Highwoods Properties’s dividend payout ratio (DPR) is 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 fully-integrated 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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