Highwoods Properties (NYSE:HIW) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.35-3.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.45.
Shares of Highwoods Properties (NYSE:HIW) opened at $44.40 on Thursday. Highwoods Properties has a twelve month low of $44.04 and a twelve month high of $53.34. The stock has a market cap of $4,632.29, a price-to-earnings ratio of 30.20, a P/E/G ratio of 4.35 and a beta of 0.74. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.90.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.4625 per share. This is an increase from Highwoods Properties’s previous quarterly dividend of $0.44. This represents a $1.85 dividend on an annualized basis and a yield of 4.17%. Highwoods Properties’s dividend payout ratio is 119.73%.
In other Highwoods Properties news, Director Sherry A. Kellett sold 1,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $51.70, for a total transaction of $51,700.00. Following the completion of the transaction, the director now directly owns 11,744 shares in the company, valued at $607,164.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sherry A. Kellett sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total transaction of $101,280.00. Following the transaction, the director now owns 13,744 shares of the company’s stock, valued at $695,996.16. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
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.
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