Analysts Expect Highwoods Properties, Inc. (HIW) Will Announce Earnings of $0.82 Per Share

Analysts expect that Highwoods Properties, Inc. (NYSE:HIW) will report earnings of $0.82 per share for the current quarter, Zacks reports. Six analysts have made estimates for Highwoods Properties’ earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.81. Highwoods Properties reported earnings per share of $0.80 in the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The company is expected to report its next earnings report after the market closes on Tuesday, April 24th.

According to Zacks, analysts expect that Highwoods Properties will report full year earnings of $3.42 per share for the current fiscal year, with EPS estimates ranging from $3.39 to $3.45. For the next fiscal year, analysts forecast that the company will report earnings of $3.54 per share, with EPS estimates ranging from $3.50 to $3.61. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Highwoods Properties.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.28). The firm had revenue of $175.86 million during the quarter, compared to analysts’ expectations of $177.14 million. Highwoods Properties had a net margin of 26.20% and a return on equity of 8.46%.



Several analysts have recently commented on the stock. ValuEngine upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. SunTrust Banks set a $51.00 target price on shares of Highwoods Properties and gave the company a “hold” rating in a report on Monday, January 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $46.00 target price (down previously from $50.00) on shares of Highwoods Properties in a report on Tuesday, March 13th. Finally, Zacks Investment Research upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $51.67.

Shares of HIW stock opened at $42.55 on Tuesday. The stock has a market capitalization of $4,442.25, a PE ratio of 12.65, a PEG ratio of 4.19 and a beta of 0.74. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.40 and a quick ratio of 1.40. Highwoods Properties has a one year low of $41.34 and a one year high of $53.34.

Hedge funds have recently made changes to their positions in the company. Aurora Investment Counsel bought a new position in Highwoods Properties during the fourth quarter valued at about $2,069,000. Legal & General Group Plc grew its position in Highwoods Properties by 9.7% during the third quarter. Legal & General Group Plc now owns 371,232 shares of the real estate investment trust’s stock valued at $19,338,000 after buying an additional 32,695 shares during the period. Bank of Montreal Can grew its position in Highwoods Properties by 1.2% during the fourth quarter. Bank of Montreal Can now owns 784,753 shares of the real estate investment trust’s stock valued at $39,951,000 after buying an additional 9,120 shares during the period. New Mexico Educational Retirement Board grew its position in Highwoods Properties by 80.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 25,535 shares of the real estate investment trust’s stock valued at $1,300,000 after buying an additional 11,422 shares during the period. Finally, Wealthstreet Investment Advisors LLC bought a new position in Highwoods Properties during the fourth quarter valued at about $204,000. Institutional investors own 96.55% of the company’s stock.

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About Highwoods Properties

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.

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Earnings History and Estimates for Highwoods Properties (NYSE:HIW)

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