Highwoods Properties (NYSE:HIW) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 23rd. Analysts expect Highwoods Properties to post earnings of $0.85 per share for the quarter. Highwoods Properties has set its FY18 guidance at $3.39-3.45 EPS.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 24th. The real estate investment trust reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.37). The firm had revenue of $178.79 million during the quarter, compared to the consensus estimate of $178.37 million. Highwoods Properties had a return on equity of 8.96% and a net margin of 27.68%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 earnings per share. On average, analysts expect Highwoods Properties to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Highwoods Properties stock opened at $45.05 on Friday. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 3.09 and a beta of 0.72. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.93. Highwoods Properties has a one year low of $41.34 and a one year high of $52.58.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 12th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.85 dividend on an annualized basis and a yield of 4.11%. Highwoods Properties’s dividend payout ratio is presently 56.40%.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. ValuEngine downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Wood & Company reiterated a “sell” rating on shares of Highwoods Properties in a report on Friday, August 10th. Finally, SunTrust Banks set a $51.00 price target on Highwoods Properties and gave the stock a “buy” rating in a research note on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $53.00.

In other news, CFO Mark F. Mulhern sold 14,141 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $49.96, for a total transaction of $706,484.36. Following the sale, the chief financial officer now owns 81,780 shares in the company, valued at $4,085,728.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. The Company is a fullyintegrated office REIT that 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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Earnings History for Highwoods Properties (NYSE:HIW)

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