Highwoods Properties (NYSE:HIW) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.35-3.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.45.
Shares of Highwoods Properties (NYSE:HIW) traded down $0.37 during midday trading on Wednesday, reaching $42.72. 74,292 shares of the company traded hands, compared to its average volume of 745,901. Highwoods Properties has a twelve month low of $41.83 and a twelve month high of $53.34. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $4,450.51, a PE ratio of 24.34, a price-to-earnings-growth ratio of 4.24 and a beta of 0.74.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.4625 per share. The ex-dividend date is Friday, February 16th. This represents a $1.85 annualized dividend and a dividend yield of 4.33%. This is a boost from Highwoods Properties’s previous quarterly dividend of $0.44. Highwoods Properties’s dividend payout ratio (DPR) is currently 99.44%.
HIW has been the topic of several recent analyst reports. SunTrust Banks set a $51.00 target price on shares of Highwoods Properties and gave the stock a hold rating in a research report on Monday, January 22nd. Stifel Nicolaus dropped their target price on shares of Highwoods Properties from $55.00 to $50.00 and set a buy rating on the stock in a research report on Thursday, February 8th. Edward Jones cut shares of Highwoods Properties from a buy rating to a hold rating in a research report on Monday, November 6th. Zacks Investment Research cut shares of Highwoods Properties from a hold rating to a sell rating in a research report on Tuesday. Finally, ValuEngine raised shares of Highwoods Properties from a hold rating to a buy rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $51.50.
In related news, Director Sherry A. Kellett sold 2,000 shares of Highwoods Properties stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total value of $101,280.00. Following the sale, the director now owns 13,744 shares of the company’s stock, valued at approximately $695,996.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sherry A. Kellett sold 1,000 shares of Highwoods Properties stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $51.70, for a total transaction of $51,700.00. Following the completion of the sale, the director now directly owns 11,744 shares in the company, valued at approximately $607,164.80. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
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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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