Wall Street analysts expect Highwoods Properties Inc (NYSE:HIW) to announce sales of $177.38 million for the current quarter, Zacks reports. Six analysts have provided estimates for Highwoods Properties’ earnings. The highest sales estimate is $180.50 million and the lowest is $175.20 million. Highwoods Properties posted sales of $169.41 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.7%. The firm is expected to report its next earnings report on Tuesday, April 24th.
On average, analysts expect that Highwoods Properties will report full-year sales of $177.38 million for the current fiscal year, with estimates ranging from $700.60 million to $729.34 million. For the next fiscal year, analysts anticipate that the business will post sales of $744.14 million per share, with estimates ranging from $726.85 million to $770.88 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Highwoods Properties.
Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.28). Highwoods Properties had a return on equity of 8.46% and a net margin of 26.20%. The business had revenue of $175.86 million for the quarter, compared to analyst estimates of $177.14 million.
Shares of Highwoods Properties (NYSE:HIW) opened at $41.50 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.91. Highwoods Properties has a 1 year low of $41.34 and a 1 year high of $53.34. The company has a market cap of $4,286.29, a P/E ratio of 12.21, a P/E/G ratio of 4.11 and a beta of 0.80.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th were given a $0.4625 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.46%. This is an increase from Highwoods Properties’s previous quarterly dividend of $0.44. Highwoods Properties’s payout ratio is 104.52%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Aurora Investment Counsel acquired a new position in shares of Highwoods Properties in the 4th quarter worth approximately $2,069,000. Legal & General Group Plc lifted its position in shares of Highwoods Properties by 9.7% in the 3rd quarter. Legal & General Group Plc now owns 371,232 shares of the real estate investment trust’s stock worth $19,338,000 after purchasing an additional 32,695 shares during the period. Bank of Montreal Can lifted its position in shares of Highwoods Properties by 1.2% in the 4th quarter. Bank of Montreal Can now owns 784,753 shares of the real estate investment trust’s stock worth $39,951,000 after purchasing an additional 9,120 shares during the period. New Mexico Educational Retirement Board lifted its position in shares of Highwoods Properties by 80.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 25,535 shares of the real estate investment trust’s stock worth $1,300,000 after purchasing an additional 11,422 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Highwoods Properties by 1,344.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 509,911 shares of the real estate investment trust’s stock worth $25,960,000 after purchasing an additional 474,611 shares during the period. Hedge funds and other institutional investors own 96.55% 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.
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