Media stories about Highwoods Properties (NYSE:HIW) have been trending somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Highwoods Properties earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.8257101808527 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Highwoods Properties (HIW) opened at 52.55 on Friday. The firm’s 50-day moving average price is $52.15 and its 200-day moving average price is $51.16. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 41.91 and a beta of 0.89. Highwoods Properties has a 12 month low of $45.83 and a 12 month high of $53.34.
Highwoods Properties (NYSE:HIW) last issued its quarterly earnings data 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. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The company had revenue of $177.28 million during the quarter, compared to analyst estimates of $172.28 million. During the same period in the prior year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts expect that Highwoods Properties will post $1.26 EPS for the current year.
Several equities analysts have weighed in on HIW shares. Bank of America Corporation raised their price target on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. BidaskClub upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Janney Montgomery Scott assumed coverage on Highwoods Properties in a report on Friday, September 8th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $55.50.
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Highwoods Properties Company Profile
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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