Highwoods Properties Inc. Forecasted to Earn Q2 2017 Earnings of $0.86 Per Share (HIW)

Highwoods Properties Inc. (NYSE:HIW) – Research analysts at Capital One Financial Corp. raised their Q2 2017 EPS estimates for Highwoods Properties in a note issued to investors on Sunday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will post earnings of $0.86 per share for the quarter, up from their prior forecast of $0.85. Capital One Financial Corp. currently has a “Equal Weight” rating on the stock. Capital One Financial Corp. also issued estimates for Highwoods Properties’ FY2017 earnings at $3.40 EPS.

Several other equities research analysts have also issued reports on the stock. SunTrust Banks Inc. increased their price objective on shares of Highwoods Properties from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Citigroup Inc. increased their price objective on shares of Highwoods Properties from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Morgan Stanley lowered shares of Highwoods Properties from an “overweight” rating to an “equal” rating and increased their price objective for the stock from $47.00 to $50.00 in a research report on Thursday, May 12th. Finally, Jefferies Group downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and upped their target price for the company from $49.00 to $50.00 in a research note on Friday, April 22nd. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $49.75.

Highwoods Properties (NYSE:HIW) traded down 0.763% on Wednesday, reaching $53.995. 509,632 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $51.67 and its 200 day moving average price is $47.01. The firm has a market capitalization of $5.26 billion and a price-to-earnings ratio of 10.117. Highwoods Properties has a 1-year low of $36.57 and a 1-year high of $54.57.

In other Highwoods Properties news, CEO Edward J. Fritsch sold 85,822 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $52.27, for a total transaction of $4,485,915.94. Following the transaction, the chief executive officer now directly owns 471,533 shares in the company, valued at approximately $24,647,029.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey Douglas Miller sold 12,000 shares of the stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $51.46, for a total transaction of $617,520.00. Following the transaction, the senior vice president now owns 68,115 shares in the company, valued at $3,505,197.90. The disclosure for this sale can be found here.

Highwoods Properties, Inc is a real estate investment trust. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third-parties. The Company is engaged in the business of operation, acquisition and development of real estate properties.