Favorable Press Coverage Somewhat Unlikely to Affect Highwoods Properties (HIW) Stock Price

News stories about Highwoods Properties (NYSE:HIW) have trended positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Highwoods Properties earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 47.3766759031909 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Highwoods Properties (HIW) traded up $0.34 during trading on Friday, reaching $43.99. The company’s stock had a trading volume of 769,442 shares, compared to its average volume of 737,232. Highwoods Properties has a one year low of $41.83 and a one year 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 firm has a market capitalization of $4,518.68, a PE ratio of 24.85, a PEG ratio of 4.33 and a beta of 0.80.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.28). Highwoods Properties had a net margin of 26.20% and a return on equity of 8.46%. The business had revenue of $175.86 million during the quarter, compared to analyst estimates of $177.14 million. analysts anticipate that Highwoods Properties will post 3.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from Highwoods Properties’s previous quarterly dividend of $0.44. This represents a $1.85 dividend on an annualized basis and a yield of 4.21%. Highwoods Properties’s dividend payout ratio (DPR) is currently 104.52%.

A number of analysts have weighed in on the company. Stifel Nicolaus restated a “hold” rating and issued a $46.00 price target (down from $50.00) on shares of Highwoods Properties in a research note on Tuesday. SunTrust Banks upgraded Highwoods Properties from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Friday, March 9th. They noted that the move was a valuation call. Zacks Investment Research cut Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Finally, ValuEngine cut Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $51.67.

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About Highwoods Properties

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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