Highwoods Properties (HIW) Issues FY 2019 Earnings Guidance
Highwoods Properties (NYSE:HIW) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.29-3.39 for the period.
HIW traded up $0.75 during trading on Tuesday, hitting $44.89. 815,765 shares of the company traded hands, compared to its average volume of 689,510. The firm has a market cap of $4.66 billion, a P/E ratio of 13.03, a PEG ratio of 2.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.20 and a current ratio of 1.20. 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, February 5th. The real estate investment trust reported $0.86 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $176.79 million. Highwoods Properties had a net margin of 23.69% and a return on equity of 7.68%. The company’s revenue was up 952.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. Equities research analysts predict that Highwoods Properties will post 3.45 earnings per share for the current fiscal year.
Several research firms have commented on HIW. Zacks Investment Research downgraded shares of Highwoods Properties from a hold rating to a sell rating in a report on Monday, April 15th. Capital One Financial raised shares of Highwoods Properties from an equal weight rating to an overweight rating in a report on Tuesday, January 22nd. Finally, ValuEngine raised shares of Highwoods Properties from a sell rating to a hold rating in a report on Thursday, January 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $53.00.
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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.
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