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.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Friday, May 10th. Highwoods Properties’s dividend payout ratio (DPR) is presently 55.07%.

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.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://theolympiareport.com/2019/04/23/highwoods-properties-hiw-issues-fy-2019-earnings-guidance.html.

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.

Further Reading: Using other technical indicators with support levels

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

Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.