Headlines about Highwoods Properties (NYSE:HIW) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Highwoods Properties earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage 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 effect on the stock’s share price in the near future.
Shares of NYSE:HIW traded down $0.50 during trading on Friday, reaching $43.35. The stock had a trading volume of 580,366 shares, compared to its average volume of 623,484. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $4,477.36, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 4.29 and a beta of 0.74. Highwoods Properties has a 52 week low of $41.34 and a 52 week high of $53.34.
Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.28). The firm had revenue of $175.86 million during the quarter, compared to analyst estimates of $177.14 million. Highwoods Properties had a net margin of 26.20% and a return on equity of 8.46%. analysts forecast that Highwoods Properties will post 3.42 EPS for the current fiscal year.
Several analysts recently issued reports on the company. Zacks Investment Research raised Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. ValuEngine downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $46.00 price target (down from $50.00) on shares of Highwoods Properties in a research report on Tuesday, March 13th. Finally, SunTrust Banks upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Friday, March 9th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Highwoods Properties presently has a consensus rating of “Hold” and a consensus target price of $51.67.
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About Highwoods Properties
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (?REIT?) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that 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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