Highwoods Properties, Inc. (NYSE:HIW) – Investment analysts at SunTrust Banks reduced their Q3 2018 earnings estimates for shares of Highwoods Properties in a research report issued to clients and investors on Wednesday, April 25th. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings of $0.86 per share for the quarter, down from their previous estimate of $0.87. SunTrust Banks currently has a “Buy” rating and a $51.00 target price on the stock. SunTrust Banks also issued estimates for Highwoods Properties’ Q1 2019 earnings at $0.85 EPS, Q2 2019 earnings at $0.88 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $0.90 EPS, FY2021 earnings at $3.79 EPS and FY2022 earnings at $4.05 EPS.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.28). Highwoods Properties had a net margin of 25.90% and a return on equity of 8.40%. The business had revenue of $175.86 million during the quarter, compared to analysts’ expectations of $177.14 million.

A number of other research firms have also weighed in on HIW. Stifel Nicolaus reduced their price objective on shares of Highwoods Properties from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Zacks Investment Research lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Wells Fargo assumed coverage on shares of Highwoods Properties in a research report on Friday, April 20th. They set an “outperform” rating and a $49.00 price target for the company. ValuEngine upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, DA Davidson set a $60.00 price target on shares of Highwoods Properties and gave the company a “buy” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.80.

Highwoods Properties stock opened at $44.60 on Friday. Highwoods Properties has a 1-year low of $41.34 and a 1-year high of $53.34. The company has a market capitalization of $4,474.02, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 4.22 and a beta of 0.74. The company has a quick ratio of 1.40, a current ratio of 1.47 and a debt-to-equity ratio of 0.95.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Friday, May 18th will be given a dividend of $0.4625 per share. 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 4.15%. Highwoods Properties’s dividend payout ratio (DPR) is currently 56.40%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB purchased a new position in shares of Highwoods Properties during the 4th quarter valued at $225,000. Envestnet Asset Management Inc. grew its position in shares of Highwoods Properties by 632.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 21,393 shares of the real estate investment trust’s stock valued at $1,089,000 after purchasing an additional 18,471 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Highwoods Properties during the 4th quarter valued at $3,326,000. Jump Trading LLC purchased a new position in shares of Highwoods Properties during the 4th quarter valued at $442,000. Finally, BB&T Securities LLC purchased a new position in shares of Highwoods Properties during the 4th quarter valued at $200,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

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 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.

Earnings History and Estimates for Highwoods Properties (NYSE:HIW)

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