Highwoods Properties (NYSE:HIW) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 23rd. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Highwoods Properties has set its FY18 guidance at $3.39-3.45 EPS.
Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 24th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.37). The business had revenue of $178.79 million for the quarter, compared to analyst estimates of $178.37 million. Highwoods Properties had a return on equity of 8.96% and a net margin of 27.68%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. On average, analysts expect Highwoods Properties to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of HIW stock traded up $0.14 during trading hours on Thursday, hitting $45.21. 1,623 shares of the company’s stock were exchanged, compared to its average volume of 679,300. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 4.62 and a beta of 0.73. Highwoods Properties has a fifty-two week low of $41.34 and a fifty-two week high of $53.09.
In related news, CFO Mark F. Mulhern sold 14,141 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $49.96, for a total transaction of $706,484.36. Following the completion of the sale, the chief financial officer now directly owns 81,780 shares in the company, valued at $4,085,728.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.
HIW has been the subject of several research analyst reports. SunTrust Banks set a $51.00 target price on Highwoods Properties and gave the stock a “buy” rating in a research note on Monday, July 30th. ValuEngine raised Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Zacks Investment Research downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Finally, Wood & Company reaffirmed a “sell” rating on shares of Highwoods Properties in a research note on Friday, August 10th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.00.
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 fullyintegrated 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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