Highwoods Properties (HIW) to Release Quarterly Earnings on Tuesday

Highwoods Properties (NYSE:HIW) is set to issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.90 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Highwoods Properties Stock Down 1.4 %

Shares of NYSE HIW opened at $24.13 on Tuesday. The firm has a market capitalization of $2.56 billion, a PE ratio of 17.36 and a beta of 1.23. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.33. Highwoods Properties has a 1 year low of $17.06 and a 1 year high of $26.27. The firm’s 50-day moving average is $24.43 and its 200-day moving average is $22.04.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 8.29%. The ex-dividend date was Friday, February 16th. Highwoods Properties’s dividend payout ratio (DPR) is presently 143.89%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HIW. Raymond James & Associates lifted its stake in Highwoods Properties by 14.1% in the first quarter. Raymond James & Associates now owns 28,170 shares of the real estate investment trust’s stock valued at $1,289,000 after buying an additional 3,480 shares in the last quarter. HighTower Advisors LLC bought a new position in Highwoods Properties in the first quarter valued at approximately $215,000. MetLife Investment Management LLC lifted its stake in Highwoods Properties by 34.0% in the first quarter. MetLife Investment Management LLC now owns 67,793 shares of the real estate investment trust’s stock valued at $3,101,000 after buying an additional 17,208 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Highwoods Properties by 11.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,442 shares of the real estate investment trust’s stock valued at $1,758,000 after purchasing an additional 3,834 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Highwoods Properties by 5.8% in the first quarter. Great West Life Assurance Co. Can now owns 144,790 shares of the real estate investment trust’s stock valued at $6,847,000 after purchasing an additional 7,918 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Analyst Upgrades and Downgrades

HIW has been the topic of several recent research reports. Truist Financial raised their target price on shares of Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Highwoods Properties in a research note on Tuesday, January 30th. They set a “buy” rating and a $28.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Highwoods Properties from $18.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, March 28th. Finally, Robert W. Baird lifted their price objective on shares of Highwoods Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.38.

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.