Wall Street brokerages expect Highwoods Properties Inc (NYSE:HIW) to announce $0.88 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Highwoods Properties’ earnings. The highest EPS estimate is $0.90 and the lowest is $0.86. Highwoods Properties posted earnings of $0.87 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.1%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, July 28th.

On average, analysts expect that Highwoods Properties will report full year earnings of $3.58 per share for the current year, with EPS estimates ranging from $3.54 to $3.63. For the next financial year, analysts expect that the business will report earnings of $3.60 per share, with EPS estimates ranging from $3.41 to $3.73. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Highwoods Properties.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.91. The firm had revenue of $192.80 million during the quarter, compared to the consensus estimate of $192.55 million. Highwoods Properties had a net margin of 41.50% and a return on equity of 14.27%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share.

HIW has been the subject of a number of analyst reports. Wood & Company upgraded shares of Highwoods Properties from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 4th. Morgan Stanley raised shares of Highwoods Properties from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $44.00 in a research report on Wednesday, June 24th. ValuEngine cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, April 21st. Citigroup reduced their price target on shares of Highwoods Properties from $51.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Finally, Bank of America raised shares of Highwoods Properties from a “neutral” rating to a “buy” rating and boosted their price target for the company from $54.00 to $55.00 in a research report on Wednesday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $44.38.

Shares of HIW stock traded up $0.52 on Friday, reaching $37.70. 14,856 shares of the stock were exchanged, compared to its average volume of 1,127,903. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average price is $37.70 and its 200 day moving average price is $42.31. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 2.13 and a beta of 1.00. Highwoods Properties has a twelve month low of $25.10 and a twelve month high of $52.76.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, May 18th were issued a $0.48 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.09%. Highwoods Properties’s payout ratio is 57.66%.

Large investors have recently made changes to their positions in the company. Guggenheim Capital LLC raised its holdings in shares of Highwoods Properties by 20.7% in the first quarter. Guggenheim Capital LLC now owns 180,242 shares of the real estate investment trust’s stock valued at $6,384,000 after buying an additional 30,898 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in Highwoods Properties by 37.9% during the first quarter. New Mexico Educational Retirement Board now owns 24,735 shares of the real estate investment trust’s stock worth $876,000 after purchasing an additional 6,800 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Highwoods Properties during the first quarter worth about $700,000. BNP Paribas Arbitrage SA raised its holdings in Highwoods Properties by 61.6% during the first quarter. BNP Paribas Arbitrage SA now owns 63,990 shares of the real estate investment trust’s stock worth $2,267,000 after purchasing an additional 24,397 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Highwoods Properties during the first quarter worth about $923,000. 95.55% of the stock is owned by institutional investors and hedge funds.

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 fully-integrated 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 and Estimates for Highwoods Properties (NYSE:HIW)

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