Highwoods Properties (HIW) Receiving Somewhat Favorable News Coverage, Analysis Finds
News articles about Highwoods Properties (NYSE:HIW) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Highwoods Properties earned a news impact score of 0.12 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 47.6774647033915 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Highwoods Properties, Inc. (HIW) Ex-Dividend Date Scheduled for… (nasdaq.com)
- See what the IHS Markit Score report has to say about Highwoods Properties Inc. (finance.yahoo.com)
- Analyzing Highwoods Properties (HIW) & SL Green Realty Corporation (SLG) (americanbankingnews.com)
- Ex-Dividend Reminder: Kemper, Highwoods Properties and National Instruments (nasdaq.com)
- Analysts Expect Highwoods Properties, Inc. (HIW) Will Post Quarterly Sales of $177.21 Million (americanbankingnews.com)
Highwoods Properties (NYSE HIW) opened at 49.98 on Friday. The company has a 50-day moving average price of $50.66 and a 200-day moving average price of $50.76. Highwoods Properties has a 12-month low of $45.83 and a 12-month high of $54.25. The firm has a market cap of $5.16 billion, a P/E ratio of 39.86 and a beta of 0.88.
Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.59. The firm had revenue of $177.28 million for the quarter, compared to analysts’ expectations of $172.28 million. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. On average, analysts predict that Highwoods Properties will post $1.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 14th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, August 10th. Highwoods Properties’s payout ratio is 141.94%.
HIW has been the topic of a number of research reports. ValuEngine upgraded Highwoods Properties from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and issued a $55.00 price objective on shares of Highwoods Properties in a report on Wednesday, April 19th. Finally, BidaskClub upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Highwoods Properties has an average rating of “Hold” and an average price target of $55.00.
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In other Highwoods Properties news, COO Theodore J. Klinck sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $52.51, for a total value of $525,100.00. Following the sale, the chief operating officer now owns 63,194 shares in the company, valued at approximately $3,318,316.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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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