Highwoods Properties, Inc. (NYSE:HIW) – Research analysts at SunTrust Banks lowered their Q4 2017 earnings estimates for shares of Highwoods Properties in a report released on Monday. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings per share of $0.83 for the quarter, down from their prior estimate of $0.84. SunTrust Banks currently has a “Hold” rating and a $52.00 target price on the stock. SunTrust Banks also issued estimates for Highwoods Properties’ Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.87 EPS, Q4 2018 earnings at $0.89 EPS, FY2018 earnings at $3.47 EPS, FY2019 earnings at $3.65 EPS and FY2020 earnings at $3.82 EPS.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.54. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The firm had revenue of $180.19 million for the quarter, compared to the consensus estimate of $177.15 million. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis.

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A number of other analysts have also recently weighed in on the stock. Bank of America Corporation boosted their price objective on shares of Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. Janney Montgomery Scott assumed coverage on shares of Highwoods Properties in a research note on Friday, September 8th. They issued a “neutral” rating for the company. Finally, BidaskClub upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Highwoods Properties presently has an average rating of “Hold” and a consensus target price of $54.80.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.45%. The ex-dividend date is Monday, November 13th. Highwoods Properties’s payout ratio is currently 119.73%.

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in Highwoods Properties by 6.9% during the 2nd quarter. Legal & General Group Plc now owns 338,537 shares of the real estate investment trust’s stock valued at $17,167,000 after purchasing an additional 21,833 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Highwoods Properties by 36.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,278,256 shares of the real estate investment trust’s stock valued at $166,240,000 after purchasing an additional 882,571 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Highwoods Properties during the 1st quarter valued at $255,000. Credit Suisse AG raised its stake in Highwoods Properties by 9.3% during the 1st quarter. Credit Suisse AG now owns 446,755 shares of the real estate investment trust’s stock valued at $21,950,000 after purchasing an additional 37,953 shares during the last quarter. Finally, Cbre Clarion Securities LLC raised its stake in Highwoods Properties by 19.0% during the 2nd quarter. Cbre Clarion Securities LLC now owns 143,700 shares of the real estate investment trust’s stock valued at $7,287,000 after purchasing an additional 22,900 shares during the last quarter. Hedge funds and other institutional investors own 97.77% of the company’s stock.

Highwoods Properties Company Profile

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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