Research Analysts Set Expectations for Highwoods Properties, Inc.’s Q4 2020 Earnings (NYSE:HIW)


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Highwoods Properties, Inc. (NYSE:HIW) – Stock analysts at Jefferies Financial Group increased their Q4 2020 earnings per share estimates for Highwoods Properties in a research report issued to clients and investors on Wednesday, January 13th. Jefferies Financial Group analyst P. Abramowitz now expects that the real estate investment trust will post earnings per share of $0.88 for the quarter, up from their prior forecast of $0.87. Jefferies Financial Group also issued estimates for Highwoods Properties’ Q3 2021 earnings at $0.89 EPS, Q4 2021 earnings at $0.92 EPS, FY2021 earnings at $3.56 EPS, Q3 2022 earnings at $0.95 EPS, Q4 2022 earnings at $0.94 EPS, FY2022 earnings at $3.73 EPS and FY2023 earnings at $3.86 EPS.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.49). Highwoods Properties had a net margin of 43.16% and a return on equity of 14.22%.

HIW has been the subject of a number of other research reports. Janney Montgomery Scott upgraded Highwoods Properties from a “neutral” rating to a “buy” rating in a research note on Thursday. Robert W. Baird lowered Highwoods Properties from an “outperform” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Thursday, January 7th. BidaskClub cut Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 7th. ValuEngine upgraded Highwoods Properties from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 1st. Finally, Mizuho dropped their target price on Highwoods Properties from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, October 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.25.

NYSE HIW opened at $39.36 on Thursday. The stock has a 50-day simple moving average of $39.04 and a two-hundred day simple moving average of $36.61. The firm has a market capitalization of $4.09 billion, a P/E ratio of 12.62, a PEG ratio of 2.46 and a beta of 1.13. Highwoods Properties has a fifty-two week low of $25.10 and a fifty-two week high of $52.76. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Several institutional investors have recently modified their holdings of HIW. FMR LLC boosted its holdings in shares of Highwoods Properties by 40.0% during the 2nd quarter. FMR LLC now owns 10,026,351 shares of the real estate investment trust’s stock worth $374,284,000 after purchasing an additional 2,866,594 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Highwoods Properties by 1,470.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,815,127 shares of the real estate investment trust’s stock worth $9,789,000 after purchasing an additional 1,699,551 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Highwoods Properties by 57.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,090,214 shares of the real estate investment trust’s stock worth $40,698,000 after purchasing an additional 396,894 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Highwoods Properties by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,368,981 shares of the real estate investment trust’s stock worth $45,957,000 after purchasing an additional 238,845 shares during the last quarter. Finally, AJO LP grew its stake in shares of Highwoods Properties by 1,609.6% in the third quarter. AJO LP now owns 221,423 shares of the real estate investment trust’s stock worth $7,432,000 after acquiring an additional 208,471 shares in the last quarter. Institutional investors and hedge funds own 80.86% of the company’s stock.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (ÂREITÂ) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

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

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