Highwoods Properties (NYSE:HIW – Get Rating) is set to issue its quarterly earnings data after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Highwoods Properties (NYSE:HIW – Get Rating) last released its earnings results on Monday, February 7th. The real estate investment trust reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.47. Highwoods Properties had a return on equity of 12.73% and a net margin of 40.63%. The business had revenue of $203.20 million for the quarter, compared to the consensus estimate of $199.79 million. During the same period in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, analysts expect Highwoods Properties to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
HIW stock opened at $43.35 on Tuesday. Highwoods Properties has a 1-year low of $40.85 and a 1-year high of $48.98. The business has a fifty day moving average price of $43.94 and a 200-day moving average price of $44.59. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $4.55 billion, a P/E ratio of 14.60, a P/E/G ratio of 2.91 and a beta of 1.08.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Highwoods Properties by 8.7% during the fourth quarter. BlackRock Inc. now owns 12,503,268 shares of the real estate investment trust’s stock valued at $557,522,000 after buying an additional 1,004,377 shares during the last quarter. Legal & General Group Plc boosted its stake in Highwoods Properties by 0.8% during the fourth quarter. Legal & General Group Plc now owns 805,127 shares of the real estate investment trust’s stock valued at $35,901,000 after buying an additional 6,281 shares during the last quarter. Millennium Management LLC boosted its stake in Highwoods Properties by 1,003.6% during the fourth quarter. Millennium Management LLC now owns 502,546 shares of the real estate investment trust’s stock valued at $22,409,000 after buying an additional 457,007 shares during the last quarter. Morgan Stanley raised its position in Highwoods Properties by 68.8% during the second quarter. Morgan Stanley now owns 344,787 shares of the real estate investment trust’s stock valued at $15,574,000 after purchasing an additional 140,488 shares during the period. Finally, Barclays PLC raised its position in Highwoods Properties by 283.8% during the fourth quarter. Barclays PLC now owns 270,294 shares of the real estate investment trust’s stock valued at $12,052,000 after purchasing an additional 199,877 shares during the period. 96.35% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on HIW shares. Jefferies Financial Group upgraded Highwoods Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $54.00 in a research note on Monday, January 10th. Robert W. Baird upgraded Highwoods Properties from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $50.00 to $53.00 in a research report on Wednesday, January 12th. TheStreet upgraded Highwoods Properties from a “c+” rating to a “b-” rating in a research report on Tuesday, March 22nd. Morgan Stanley reduced their price target on Highwoods Properties from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, February 10th. Finally, StockNews.com cut Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Saturday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Highwoods Properties has an average rating of “Buy” and an average target price of $49.40.
Highwoods Properties Company Profile (Get Rating)
Highwoods Properties, Inc operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Charlotte, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa.
- Get a free copy of the StockNews.com research report on Highwoods Properties (HIW)
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