Highwoods Properties (NYSE:HIW – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 3.460-3.610 for the period, compared to the consensus EPS estimate of 3.570. The company issued revenue guidance of -. Highwoods Properties also updated its FY24 guidance to $3.46-3.61 EPS.
Highwoods Properties Stock Performance
HIW traded up $0.53 on Friday, hitting $26.13. 276,970 shares of the company’s stock were exchanged, compared to its average volume of 1,255,744. The firm has a market cap of $2.77 billion, a PE ratio of 20.98 and a beta of 1.23. Highwoods Properties has a twelve month low of $17.06 and a twelve month high of $26.27. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average of $24.65 and a two-hundred day moving average of $22.29.
Highwoods Properties Announces Dividend
The firm also recently declared 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 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend is Friday, May 17th. Highwoods Properties’s dividend payout ratio is 163.93%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on HIW
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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