Wall Street analysts expect that Highwoods Properties, Inc. (NYSE:HIW) will announce sales of $174.66 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Highwoods Properties’ earnings, with estimates ranging from $166.64 million to $177.57 million. Highwoods Properties posted sales of $177.28 million in the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, July 24th.
According to Zacks, analysts expect that Highwoods Properties will report full year sales of $704.28 million for the current financial year, with estimates ranging from $670.73 million to $718.01 million. For the next fiscal year, analysts expect that the firm will post sales of $733.11 million per share, with estimates ranging from $706.15 million to $745.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Highwoods Properties.
Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, April 24th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $180.44 million during the quarter, compared to analyst estimates of $176.03 million. Highwoods Properties had a return on equity of 8.40% and a net margin of 25.90%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its stake in shares of Highwoods Properties by 6.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 52,200 shares of the real estate investment trust’s stock worth $2,658,000 after buying an additional 3,000 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Highwoods Properties by 1.2% in the 4th quarter. Bank of Montreal Can now owns 784,753 shares of the real estate investment trust’s stock worth $39,951,000 after buying an additional 9,120 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Highwoods Properties by 5.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,083,372 shares of the real estate investment trust’s stock worth $55,155,000 after buying an additional 52,988 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Highwoods Properties by 11.7% in the 4th quarter. State of Alaska Department of Revenue now owns 61,370 shares of the real estate investment trust’s stock worth $3,123,000 after buying an additional 6,430 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Highwoods Properties by 3.4% in the 4th quarter. Strs Ohio now owns 132,403 shares of the real estate investment trust’s stock worth $6,740,000 after buying an additional 4,413 shares in the last quarter. 97.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Highwoods Properties traded up $0.06, hitting $44.26, during mid-day trading on Wednesday, according to Marketbeat.com. The stock had a trading volume of 732,816 shares, compared to its average volume of 736,536. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 4.29 and a beta of 0.74. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.95. Highwoods Properties has a fifty-two week low of $41.34 and a fifty-two week high of $53.34.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Investors of record on Friday, May 18th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Thursday, May 17th. 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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