Highwoods Properties (NYSE:HIW) Reaches New 1-Year High at $47.38

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Highwoods Properties Inc (NYSE:HIW) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $47.38 and last traded at $47.36, with a volume of 24144 shares. The stock had previously closed at $46.73.

HIW has been the subject of a number of research analyst reports. SunTrust Banks raised their price target on shares of Highwoods Properties from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. ValuEngine cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird set a $49.00 price target on shares of Highwoods Properties and gave the stock a “hold” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.00.

The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.40. The company’s fifty day moving average is $45.11 and its 200-day moving average is $44.17. The stock has a market cap of $4.87 billion, a PE ratio of 13.77, a PEG ratio of 5.33 and a beta of 0.79.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.58). Highwoods Properties had a return on equity of 5.93% and a net margin of 17.85%. The business had revenue of $187.50 million for the quarter, compared to analysts’ expectations of $185.95 million. During the same period last year, the business earned $0.86 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts expect that Highwoods Properties Inc will post 3.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 11th will be issued a dividend of $0.475 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.90 annualized dividend and a dividend yield of 4.00%. Highwoods Properties’s dividend payout ratio (DPR) is presently 55.07%.

Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP increased its holdings in Highwoods Properties by 1.7% in the first quarter. First Trust Advisors LP now owns 64,564 shares of the real estate investment trust’s stock valued at $3,020,000 after buying an additional 1,105 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of Highwoods Properties by 19.6% in the second quarter. WINTON GROUP Ltd now owns 66,960 shares of the real estate investment trust’s stock valued at $2,765,000 after purchasing an additional 10,953 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Highwoods Properties by 33.7% in the second quarter. Nisa Investment Advisors LLC now owns 75,334 shares of the real estate investment trust’s stock valued at $3,111,000 after purchasing an additional 18,999 shares during the period. 6 Meridian grew its position in shares of Highwoods Properties by 2.3% in the second quarter. 6 Meridian now owns 11,483 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 260 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Highwoods Properties by 2.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 41,836 shares of the real estate investment trust’s stock valued at $1,728,000 after purchasing an additional 1,080 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Company Profile (NYSE:HIW)

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.

Further Reading: The four types of profit margin

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