Highwoods Properties (NYSE:HIW – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $3.46-3.61 for the period, compared to the consensus EPS estimate of $3.56. Highwoods Properties also updated its FY 2024 guidance to 3.460-3.610 EPS.
Wall Street Analyst Weigh In
HIW has been the subject of a number of research reports. Robert W. Baird raised their target price on shares of Highwoods Properties from $25.00 to $26.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Morgan Stanley raised their price objective on Highwoods Properties from $18.00 to $21.00 and gave the stock an underweight rating in a research note on Thursday, March 28th. Truist Financial lifted their target price on Highwoods Properties from $28.00 to $29.00 and gave the stock a buy rating in a report on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Highwoods Properties in a report on Tuesday, January 30th. They set a buy rating and a $28.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $24.38.
Read Our Latest Stock Report on Highwoods Properties
Highwoods Properties Stock Up 0.8 %
Highwoods Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Monday, May 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.81%. The ex-dividend date of this dividend is Friday, May 17th. Highwoods Properties’s payout ratio is presently 143.88%.
Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.
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