Analysts Expect Highwoods Properties Inc (HIW) to Post $0.86 Earnings Per Share

Equities research analysts forecast that Highwoods Properties Inc (NYSE:HIW) will announce earnings per share (EPS) of $0.86 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Highwoods Properties’ earnings. The lowest EPS estimate is $0.86 and the highest is $0.87. Highwoods Properties posted 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 firm is expected to report its next 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 financial year, analysts forecast that the firm will report earnings of $3.52 per share, with EPS estimates ranging from $3.48 to $3.56. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Highwoods Properties.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Highwoods Properties had a net margin of 24.37% and a return on equity of 7.87%. The business had revenue of $179.42 million during the quarter, compared to analysts’ expectations of $173.78 million. During the same quarter in the previous year, the company earned $0.86 EPS. The business’s revenue was down .4% on a year-over-year basis.

Several analysts have weighed in on HIW shares. ValuEngine cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Wood & Company reissued a “sell” rating on shares of Highwoods Properties in a report on Friday, August 10th. Finally, Zacks Investment Research raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $53.00.

Highwoods Properties stock traded down $0.07 during midday trading on Monday, hitting $43.35. The company’s stock had a trading volume of 642,916 shares, compared to its average volume of 597,720. Highwoods Properties has a 1-year low of $41.34 and a 1-year high of $52.58. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 3.05 and a beta of 0.80.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Monday, November 12th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Thursday, November 8th. Highwoods Properties’s dividend payout ratio (DPR) is presently 56.40%.

Institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. bought a new stake in shares of Highwoods Properties during the 3rd quarter valued at approximately $153,000. First Hawaiian Bank bought a new stake in shares of Highwoods Properties during the 3rd quarter valued at approximately $185,000. Advisors Asset Management Inc. grew its holdings in shares of Highwoods Properties by 213.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 26,649 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 18,141 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of Highwoods Properties during the 2nd quarter valued at approximately $206,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Highwoods Properties during the 2nd quarter valued at approximately $220,000. 92.02% of the stock is currently owned by 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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