Highwoods Properties (NYSE:HIW – Get Free Report) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.74), Yahoo Finance reports. The company had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.96 million. Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. Highwoods Properties’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. Highwoods Properties updated its FY24 guidance to $3.59-3.63 EPS and its FY 2024 guidance to 3.590-3.630 EPS.
Highwoods Properties Price Performance
Shares of NYSE:HIW opened at $35.59 on Friday. Highwoods Properties has a 1-year low of $17.06 and a 1-year high of $36.78. 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 cap of $3.77 billion, a PE ratio of 29.16 and a beta of 1.26. The stock’s fifty day simple moving average is $32.99 and its two-hundred day simple moving average is $29.00.
Highwoods Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 5.62%. Highwoods Properties’s dividend payout ratio (DPR) is currently 163.93%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Highwoods Properties
Highwoods Properties Company Profile
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
- The Risks of Owning Bonds
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- How to Use High Beta Stocks to Maximize Your Investing Profits
- The Downtrend in UPS Stock Isn’t Over Yet
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.