Highwoods Properties Inc (NYSE:HIW) – Equities research analysts at Capital One Financial lifted their FY2018 earnings per share (EPS) estimates for shares of Highwoods Properties in a report issued on Monday, January 21st. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $3.45 for the year, up from their prior forecast of $3.44. Capital One Financial currently has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Highwoods Properties’ Q1 2019 earnings at $0.86 EPS, Q2 2019 earnings at $0.88 EPS, Q3 2019 earnings at $0.87 EPS, Q4 2019 earnings at $0.90 EPS, FY2019 earnings at $3.50 EPS and FY2020 earnings at $3.64 EPS.
Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $179.42 million during the quarter, compared to analysts’ expectations of $173.78 million. Highwoods Properties had a net margin of 24.37% and a return on equity of 7.87%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS.
Other equities research analysts have also recently issued research reports about the stock. Janney Montgomery Scott upgraded shares of Highwoods Properties from a “neutral” rating to a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Finally, ValuEngine upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Highwoods Properties presently has a consensus rating of “Buy” and a consensus target price of $53.00.
HIW opened at $42.72 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 2.62 and a beta of 0.86. Highwoods Properties has a 1-year low of $37.09 and a 1-year high of $52.00.
A number of institutional investors and hedge funds have recently modified their holdings of HIW. Stratos Wealth Partners LTD. acquired a new position in Highwoods Properties during the third quarter worth $153,000. First Hawaiian Bank acquired a new position in Highwoods Properties during the third quarter worth $185,000. Advisors Asset Management Inc. increased its holdings in Highwoods Properties by 213.2% during the second quarter. Advisors Asset Management Inc. now owns 26,649 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 18,141 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Highwoods Properties during the fourth quarter worth $229,000. Finally, Commonwealth Bank of Australia acquired a new position in Highwoods Properties during the third quarter worth $302,000. Institutional investors and hedge funds own 92.13% of the company’s stock.
In other Highwoods Properties news, Director Carlos E. Evans acquired 10,000 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were acquired at an average price of $38.31 per share, with a total value of $383,100.00. Following the completion of the transaction, the director now directly owns 21,247 shares in the company, valued at approximately $813,972.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% 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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