Shares of Highwoods Properties Inc (NYSE:HIW) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $51.00.
Several research firms recently weighed in on HIW. Zacks Investment Research upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. TheStreet downgraded Highwoods Properties from a “b-” rating to a “c+” rating in a report on Monday, May 13th.
Several hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its holdings in Highwoods Properties by 1.7% in the first quarter. First Trust Advisors LP now owns 64,564 shares of the real estate investment trust’s stock valued at $3,020,000 after acquiring an additional 1,105 shares during the period. FMR LLC lifted its holdings in Highwoods Properties by 8.5% in the first quarter. FMR LLC now owns 4,785,085 shares of the real estate investment trust’s stock valued at $223,846,000 after acquiring an additional 375,093 shares during the period. Advisory Services Network LLC lifted its holdings in Highwoods Properties by 120.0% in the first quarter. Advisory Services Network LLC now owns 29,714 shares of the real estate investment trust’s stock valued at $1,390,000 after acquiring an additional 16,208 shares during the period. Clearbridge Investments LLC lifted its holdings in Highwoods Properties by 0.7% in the first quarter. Clearbridge Investments LLC now owns 51,135 shares of the real estate investment trust’s stock valued at $2,392,000 after acquiring an additional 371 shares during the period. Finally, Tyers Asset Management LLC lifted its holdings in Highwoods Properties by 12.9% in the first quarter. Tyers Asset Management LLC now owns 18,368 shares of the real estate investment trust’s stock valued at $859,000 after acquiring an additional 2,100 shares during the period. Hedge funds and other institutional investors own 93.41% of the company’s stock.
Shares of HIW stock traded down $0.49 on Tuesday, hitting $42.46. The stock had a trading volume of 465,204 shares, compared to its average volume of 645,727. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50 day moving average price of $44.08. The company has a market capitalization of $4.51 billion, a P/E ratio of 12.31, a PEG ratio of 3.25 and a beta of 0.90. Highwoods Properties has a one year low of $37.09 and a one year high of $52.00.
Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.12). The firm had revenue of $172.36 million during the quarter, compared to the consensus estimate of $181.72 million. Highwoods Properties had a net margin of 20.42% and a return on equity of 6.59%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, research analysts predict that Highwoods Properties will post 3.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Monday, May 13th were issued a $0.475 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.90 annualized dividend and a dividend yield of 4.47%. Highwoods Properties’s payout ratio is currently 55.07%.
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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