Equities analysts expect Highwoods Properties Inc (NYSE:HIW) to announce $0.87 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for Highwoods Properties’ earnings. The lowest EPS estimate is $0.86 and the highest is $0.88. Highwoods Properties posted earnings per share of $0.86 in the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The firm is expected to issue its next earnings results on Tuesday, October 22nd.
On average, analysts expect that Highwoods Properties will report full year earnings of $3.34 per share for the current financial year, with EPS estimates ranging from $3.31 to $3.37. For the next year, analysts expect that the firm will report earnings of $3.56 per share, with EPS estimates ranging from $3.52 to $3.61. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Highwoods Properties.
Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.47). The firm had revenue of $184.10 million during the quarter, compared to the consensus estimate of $180.20 million. Highwoods Properties had a return on equity of 6.13% and a net margin of 18.79%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 EPS.
Several research analysts have recently weighed in on the stock. TheStreet cut shares of Highwoods Properties from a “b-” rating to a “c+” rating in a report on Monday, May 13th. ValuEngine raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, Zacks Investment Research raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Highwoods Properties presently has a consensus rating of “Buy”.
Shares of NYSE HIW traded up $0.46 during midday trading on Monday, hitting $44.13. The stock had a trading volume of 1,531,900 shares, compared to its average volume of 689,733. The business’s 50 day moving average is $43.64 and its 200-day moving average is $44.74. The company has a market cap of $4.47 billion, a P/E ratio of 12.79, a PEG ratio of 3.30 and a beta of 0.81. Highwoods Properties has a 52 week low of $37.09 and a 52 week high of $50.81. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.99.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.90 annualized dividend and a dividend yield of 4.31%. Highwoods Properties’s payout ratio is 55.07%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HIW. Daiwa SB Investments Ltd. increased its stake in shares of Highwoods Properties by 47.9% in the first quarter. Daiwa SB Investments Ltd. now owns 710 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 230 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Highwoods Properties by 104.5% in the second quarter. Rockefeller Capital Management L.P. now owns 822 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 420 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Highwoods Properties by 110.1% in the first quarter. Quadrant Capital Group LLC now owns 912 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 478 shares in the last quarter. Private Capital Group LLC increased its stake in shares of Highwoods Properties by 261.2% in the first quarter. Private Capital Group LLC now owns 1,062 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 768 shares in the last quarter. Finally, Pearl River Capital LLC increased its stake in shares of Highwoods Properties by 236.9% in the second quarter. Pearl River Capital LLC now owns 1,469 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 1,033 shares in the last quarter. 92.00% of the stock is owned by hedge funds and other institutional investors.
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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