Somewhat Favorable News Coverage Somewhat Unlikely to Impact Highwoods Properties (HIW) Stock Price
News articles about Highwoods Properties (NYSE:HIW) have been trending somewhat positive on Monday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Highwoods Properties earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 47.2232683050471 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Highwoods Properties (HIW) opened at 52.75 on Monday. Highwoods Properties has a 12 month low of $45.83 and a 12 month high of $53.34. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 42.07 and a beta of 0.89. The firm has a 50-day moving average price of $51.90 and a 200-day moving average price of $51.03.
Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.59. The company had revenue of $177.28 million during the quarter, compared to the consensus estimate of $172.28 million. Highwoods Properties had a net margin of 18.79% and a return on equity of 5.96%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. On average, equities analysts anticipate that Highwoods Properties will post $1.26 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. BidaskClub upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Janney Montgomery Scott assumed coverage on Highwoods Properties in a research report on Friday, September 8th. They set a “neutral” rating on the stock. Finally, Bank of America Corporation increased their price target on Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $55.50.
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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.
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