Somewhat Positive News Coverage Somewhat Unlikely to Affect Highwoods Properties (HIW) Share Price
Media stories about Highwoods Properties (NYSE:HIW) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Highwoods Properties earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.7817337058675 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Highwoods Properties, Inc. (HIW) Downgraded by Edward Jones (americanbankingnews.com)
- $0.84 Earnings Per Share Expected for Highwoods Properties, Inc. (HIW) This Quarter (americanbankingnews.com)
- Highwoods Properties, Inc. Expected to Earn FY2021 Earnings of $3.98 Per Share (HIW) (americanbankingnews.com)
- Q4 2017 EPS Estimates for Highwoods Properties, Inc. Cut by SunTrust Banks (HIW) (americanbankingnews.com)
Highwoods Properties (NYSE:HIW) opened at $51.41 on Wednesday. Highwoods Properties has a twelve month low of $45.83 and a twelve month high of $53.34. The firm has a market capitalization of $5,305.96, a price-to-earnings ratio of 15.20, a P/E/G ratio of 3.10 and a beta of 0.88. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.90.
Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.54. The firm had revenue of $180.19 million for the quarter, compared to analyst estimates of $177.15 million. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. Highwoods Properties’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share. analysts expect that Highwoods Properties will post 3.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.42%. The ex-dividend date is Monday, November 13th. Highwoods Properties’s dividend payout ratio (DPR) is 119.73%.
A number of brokerages recently weighed in on HIW. BidaskClub lowered Highwoods Properties from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. SunTrust Banks, Inc. set a $52.00 price objective on Highwoods Properties and gave the stock a “hold” rating in a report on Tuesday, October 24th. Edward Jones lowered Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday. Janney Montgomery Scott began coverage on Highwoods Properties in a report on Friday, September 8th. They set a “neutral” rating on the stock. Finally, Bank of America Corporation upped their price objective on Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Highwoods Properties has an average rating of “Hold” and a consensus target price of $54.80.
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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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