Media headlines about Highwoods Properties (NYSE:HIW) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Highwoods Properties earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 48.5240108736227 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Highwoods Properties opened at $46.61 on Monday, MarketBeat reports. The stock has a market capitalization of $4.79 billion, a PE ratio of 14.21, a P/E/G ratio of 4.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.47 and a quick ratio of 1.47. Highwoods Properties has a 12 month low of $41.34 and a 12 month high of $53.34.
Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, April 24th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $180.44 million during the quarter, compared to analysts’ expectations of $176.03 million. Highwoods Properties had a net margin of 25.90% and a return on equity of 8.40%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. analysts anticipate that Highwoods Properties will post 3.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Friday, May 18th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.97%. Highwoods Properties’s dividend payout ratio (DPR) is currently 56.40%.
Several research firms recently weighed in on HIW. DA Davidson set a $60.00 price objective on shares of Highwoods Properties and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Wells Fargo began coverage on shares of Highwoods Properties in a research report on Friday, April 20th. They set an “outperform” rating and a $49.00 price objective for the company. Zacks Investment Research raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $46.00 price objective (down previously from $50.00) on shares of Highwoods Properties in a research report on Tuesday, March 13th. Finally, SunTrust Banks raised shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Friday, March 9th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Highwoods Properties currently has a consensus rating of “Hold” and an average target price of $52.80.
Highwoods Properties Company Profile
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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