Highwoods Properties, Inc. (NYSE:HIW) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $3.33-3.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.36.
Several analysts have weighed in on the stock. BidaskClub downgraded shares of Highwoods Properties from a hold rating to a sell rating in a research note on Wednesday. ValuEngine downgraded shares of Highwoods Properties from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $55.00 price objective on shares of Highwoods Properties in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Highwoods Properties has a consensus rating of Hold and an average price target of $55.00.
Shares of Highwoods Properties, Inc. (HIW) traded down 0.54% on Friday, reaching $49.98. 379,540 shares of the company were exchanged. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 39.86 and a beta of 0.88. Highwoods Properties, Inc. has a 52 week low of $45.83 and a 52 week high of $54.25. The firm’s 50 day moving average price is $50.66 and its 200 day moving average price is $50.76.
Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.59. The company had revenue of $177.28 million for the quarter, compared to the consensus estimate of $172.28 million. Highwoods Properties had a net margin of 18.79% and a return on equity of 5.96%. Highwoods Properties’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. Equities research analysts anticipate that Highwoods Properties, Inc. will post $1.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 14th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, August 10th. Highwoods Properties’s dividend payout ratio is presently 141.94%.
In other Highwoods Properties news, COO Theodore J. Klinck sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $52.51, for a total transaction of $525,100.00. Following the sale, the chief operating officer now owns 63,194 shares of the company’s stock, valued at approximately $3,318,316.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.
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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