Brokers Issue Forecasts for Highwoods Properties Inc’s Q1 2018 Earnings (HIW)

Highwoods Properties Inc (NYSE:HIW) – Stock analysts at Capital One Financial decreased their Q1 2018 EPS estimates for shares of Highwoods Properties in a research report issued to clients and investors on Tuesday. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $0.81 for the quarter, down from their previous forecast of $0.83. Capital One Financial also issued estimates for Highwoods Properties’ Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $0.87 EPS, Q4 2018 earnings at $0.88 EPS, FY2018 earnings at $3.43 EPS and FY2019 earnings at $3.58 EPS.

A number of other brokerages have also recently issued reports on HIW. Edward Jones cut Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. SunTrust Banks set a $52.00 price target on Highwoods Properties and gave the stock a “hold” rating in a research report on Tuesday, October 24th. ValuEngine raised Highwoods Properties from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Stifel Nicolaus reduced their price target on Highwoods Properties from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Highwoods Properties currently has a consensus rating of “Hold” and an average target price of $51.50.

Shares of Highwoods Properties (NYSE HIW) opened at $43.70 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.20 and a debt-to-equity ratio of 0.91. Highwoods Properties has a fifty-two week low of $42.46 and a fifty-two week high of $53.34. The stock has a market capitalization of $4,421.59, a PE ratio of 12.59, a PEG ratio of 4.20 and a beta of 0.74.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be given a dividend of $0.4625 per share. The ex-dividend date is Friday, February 16th. This is a positive change from Highwoods Properties’s previous quarterly dividend of $0.44. This represents a $1.85 annualized dividend and a yield of 4.23%. Highwoods Properties’s payout ratio is 99.44%.

In related news, Director Sherry A. Kellett sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $51.70, for a total transaction of $51,700.00. Following the transaction, the director now directly owns 11,744 shares of the company’s stock, valued at approximately $607,164.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sherry A. Kellett sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 13,744 shares in the company, valued at $695,996.16. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. raised its position in shares of Highwoods Properties by 1.1% in the 4th quarter. American International Group Inc. now owns 213,572 shares of the real estate investment trust’s stock valued at $10,873,000 after purchasing an additional 2,373 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Highwoods Properties by 1,344.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 509,911 shares of the real estate investment trust’s stock valued at $25,960,000 after purchasing an additional 474,611 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Highwoods Properties in the 4th quarter valued at approximately $541,000. UBS Asset Management Americas Inc. raised its position in shares of Highwoods Properties by 14.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 267,141 shares of the real estate investment trust’s stock valued at $13,600,000 after purchasing an additional 33,603 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Highwoods Properties by 2.3% in the 4th quarter. BlackRock Inc. now owns 12,666,780 shares of the real estate investment trust’s stock valued at $644,865,000 after purchasing an additional 283,961 shares in the last quarter. 96.59% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for Highwoods Properties (NYSE:HIW)

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