Shares of Highwoods Properties, Inc. (NYSE:HIW – Get Free Report) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.29.
Several equities research analysts recently weighed in on the company. Truist Financial increased their target price on Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Robert W. Baird increased their target price on Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their target price on Highwoods Properties from $22.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th.
View Our Latest Report on Highwoods Properties
Institutional Inflows and Outflows
Highwoods Properties Price Performance
HIW opened at $32.84 on Monday. The stock has a 50-day moving average price of $30.39 and a 200-day moving average price of $27.23. Highwoods Properties has a 12-month low of $17.06 and a 12-month high of $32.88. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $3.48 billion, a P/E ratio of 26.92 and a beta of 1.26.
Highwoods Properties (NYSE:HIW – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.31). The firm had revenue of $204.74 million during the quarter, compared to analysts’ expectations of $205.06 million. Highwoods Properties had a return on equity of 6.33% and a net margin of 18.30%. Highwoods Properties’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. Equities analysts predict that Highwoods Properties will post 3.58 earnings per share for the current fiscal year.
Highwoods Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend was Monday, August 19th. Highwoods Properties’s dividend payout ratio (DPR) is currently 163.93%.
About Highwoods Properties
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.
Read More
- Five stocks we like better than Highwoods Properties
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- Why Invest in High-Yield Dividend Stocks?
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
- Earnings Per Share Calculator: How to Calculate EPS
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
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.