Highwoods Properties (HIW) Earning Somewhat Positive Press Coverage, Analysis Finds

Media coverage about Highwoods Properties (NYSE:HIW) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Highwoods Properties earned a news impact score of 0.19 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.1355279766722 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s analysis:

Highwoods Properties (HIW) traded up $0.50 on Monday, reaching $52.25. The company’s stock had a trading volume of 366,462 shares, compared to its average volume of 536,193. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $5,340.00, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 3.29 and a beta of 0.87. Highwoods Properties has a twelve month low of $48.42 and a twelve month high of $53.34.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.54. The business had revenue of $180.19 million during the quarter, compared to the consensus estimate of $177.15 million. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 earnings per share. sell-side analysts predict that Highwoods Properties will post 3.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were issued a $0.44 dividend. The ex-dividend date was Monday, November 13th. This represents a $1.76 dividend on an annualized basis and a yield of 3.37%. Highwoods Properties’s dividend payout ratio (DPR) is 122.22%.

A number of equities analysts recently commented on HIW shares. Bank of America upped their target price on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Edward Jones downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. SunTrust Banks set a $52.00 target price on Highwoods Properties and gave the company a “hold” rating in a report on Tuesday, October 24th. Finally, Janney Montgomery Scott started coverage on Highwoods Properties in a report on Friday, September 8th. They set a “neutral” rating for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $54.80.

In other Highwoods Properties news, Director Sherry A. Kellett sold 1,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $51.70, for a total value of $51,700.00. Following the completion of the transaction, the director now owns 11,744 shares in the company, valued at $607,164.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sherry A. Kellett sold 2,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total value of $101,280.00. Following the completion of the transaction, the director now owns 13,744 shares of the company’s stock, valued at approximately $695,996.16. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

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About Highwoods Properties

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company 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.

Insider Buying and Selling by Quarter for Highwoods Properties (NYSE:HIW)

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