Highwoods Properties (HIW) Projected to Post Quarterly Earnings on Tuesday

Highwoods Properties (NYSE:HIW) is anticipated to announce its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.85 per share and revenue of $204.04 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Highwoods Properties Trading Up 0.5 %

Highwoods Properties stock opened at $29.42 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3.12 billion, a P/E ratio of 21.95 and a beta of 1.24. The company’s fifty day simple moving average is $30.11 and its 200-day simple moving average is $31.67. Highwoods Properties has a 12 month low of $22.52 and a 12 month high of $36.78.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.50 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.80%. Highwoods Properties’s dividend payout ratio is currently 149.25%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Mizuho raised their price target on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Jefferies Financial Group reduced their price target on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Robert W. Baird raised their price objective on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company raised their price target on shares of Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.86.

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.