Equities analysts forecast that Highwoods Properties Inc (NYSE:HIW) will post earnings per share of $0.90 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Highwoods Properties’ earnings. The highest EPS estimate is $0.91 and the lowest is $0.88. Highwoods Properties posted earnings of $0.86 per share in the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The business is expected to issue its next earnings results on Tuesday, February 4th.
According to Zacks, analysts expect that Highwoods Properties will report full-year earnings of $3.32 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.35. For the next fiscal year, analysts forecast that the firm will post earnings of $3.59 per share, with EPS estimates ranging from $3.56 to $3.64. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Highwoods Properties.
Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.58). Highwoods Properties had a return on equity of 5.93% and a net margin of 17.85%. The business had revenue of $187.50 million for the quarter, compared to analysts’ expectations of $185.95 million. During the same period last year, the business posted $0.86 earnings per share. The company’s revenue was up 4.5% compared to the same quarter last year.
NYSE:HIW traded up $0.56 during trading hours on Monday, hitting $46.56. The company had a trading volume of 518,654 shares, compared to its average volume of 710,605. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $4.80 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 5.30 and a beta of 0.79. The stock has a 50-day moving average price of $45.06 and a 200 day moving average price of $44.16. Highwoods Properties has a 52 week low of $37.09 and a 52 week high of $47.33.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 11th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.90 annualized dividend and a yield of 4.08%. Highwoods Properties’s payout ratio is presently 55.07%.
A number of hedge funds have recently added to or reduced their stakes in HIW. Carroll Financial Associates Inc. grew its position in shares of Highwoods Properties by 146.8% during the 3rd quarter. Carroll Financial Associates Inc. now owns 760 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 452 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Highwoods Properties by 104.5% in the second quarter. Rockefeller Capital Management L.P. now owns 822 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 420 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Highwoods Properties by 198.8% in the third quarter. Quadrant Capital Group LLC now owns 1,016 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 676 shares during the last quarter. Pearl River Capital LLC raised its position in Highwoods Properties by 236.9% during the second quarter. Pearl River Capital LLC now owns 1,469 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Highwoods Properties by 35.7% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,536 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 667 shares in the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.
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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