Media headlines about Highwoods Properties (NYSE:HIW) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Highwoods Properties earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 48.1178268797493 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
- Highwoods to Release 2018 First Quarter Results Tuesday, April 24th (finance.yahoo.com)
- Quotidian Technical Highlights on Selected REIT Stocks — Digital Realty Trust, Equity Commonwealth, Highwoods Properties, and Mack-Cali Realty (virtual-strategy.com)
- Highwoods Properties (HIW) Given a $51.00 Price Target at SunTrust Banks (americanbankingnews.com)
- Analysts Expect Highwoods Properties Inc (HIW) Will Announce Quarterly Sales of $177.38 Million (americanbankingnews.com)
- Highwoods Properties (HIW) Lowered to Hold at ValuEngine (americanbankingnews.com)
Several analysts recently commented on HIW shares. ValuEngine raised shares of Highwoods Properties from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. SunTrust Banks raised shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Friday, March 9th. They noted that the move was a valuation call. Stifel Nicolaus dropped their price objective on shares of Highwoods Properties from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Zacks Investment Research cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Highwoods Properties has an average rating of “Hold” and a consensus target price of $51.67.
Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.28). The company had revenue of $175.86 million for the quarter, compared to analyst estimates of $177.14 million. Highwoods Properties had a return on equity of 8.46% and a net margin of 26.20%. sell-side analysts forecast that Highwoods Properties will post 3.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 4.22%. This is a boost from Highwoods Properties’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, February 16th. Highwoods Properties’s dividend payout ratio is currently 104.52%.
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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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