Highwoods Properties, Inc. (NYSE:HIW) – Stock analysts at Capital One Financial Corporation dropped their Q3 2017 earnings estimates for Highwoods Properties in a note issued to investors on Wednesday. Capital One Financial Corporation analyst C. Lucas now expects that the real estate investment trust will post earnings of $0.84 per share for the quarter, down from their prior forecast of $0.86. Capital One Financial Corporation also issued estimates for Highwoods Properties’ Q4 2017 earnings at $0.86 EPS, FY2017 earnings at $3.40 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.88 EPS and Q4 2018 earnings at $0.91 EPS.
Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.59. The business had revenue of $177.28 million during the quarter, compared to analyst estimates 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 period last year, the business earned $0.32 EPS.
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Other equities analysts have also issued reports about the stock. Bank of America Corporation increased their price objective on shares of Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, October 3rd. BidaskClub raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Janney Montgomery Scott started coverage on shares of Highwoods Properties in a research report on Friday, September 8th. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.50.
Shares of Highwoods Properties (NYSE HIW) opened at 52.78 on Thursday. The firm’s 50-day moving average is $52.26 and its 200-day moving average is $51.24. Highwoods Properties has a 1-year low of $45.83 and a 1-year high of $53.34. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 42.09 and a beta of 0.89.
A number of large investors have recently modified their holdings of the stock. Independent Portfolio Consultants Inc. grew its stake in shares of Highwoods Properties by 17.5% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,743 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 408 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Highwoods Properties by 13.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,083 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 369 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of Highwoods Properties by 4.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 124 shares during the period. Ray Gerald L & Associates Ltd. acquired a new stake in shares of Highwoods Properties during the 2nd quarter worth approximately $203,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Highwoods Properties during the 2nd quarter worth approximately $207,000. Institutional investors own 97.93% of the company’s stock.
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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