Highwoods Properties (HIW) to Release Earnings on Tuesday

Highwoods Properties (NYSE:HIW) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Highwoods Properties to post earnings of $0.85 per share and revenue of $204.04 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Highwoods Properties Stock Performance

NYSE:HIW opened at $29.42 on Tuesday. The business’s fifty day moving average is $30.37 and its 200 day moving average is $31.65. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 21.95 and a beta of 1.24. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. Highwoods Properties has a 52-week low of $21.46 and a 52-week high of $36.78.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date is Tuesday, February 18th. Highwoods Properties’s payout ratio is 149.25%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HIW. Mizuho upped their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Jefferies Financial Group cut their target price on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Robert W. Baird lifted their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their target price on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.86.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.