Equities research analysts expect that Highwoods Properties Inc (NYSE:HIW) will post earnings per share of $0.86 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Highwoods Properties’ earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.83. Highwoods Properties posted earnings of $0.87 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.1%. The business is expected to issue its next quarterly earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that Highwoods Properties will report full-year earnings of $3.36 per share for the current financial year, with EPS estimates ranging from $3.28 to $3.46. For the next financial year, analysts expect that the company will report earnings of $3.55 per share, with EPS estimates ranging from $3.42 to $3.59. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Highwoods Properties.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.12). The company had revenue of $172.36 million for the quarter, compared to analyst estimates of $181.72 million. Highwoods Properties had a return on equity of 6.59% and a net margin of 20.42%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share.

HIW has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Capital One Financial raised Highwoods Properties from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 22nd. Finally, TheStreet lowered Highwoods Properties from a “b-” rating to a “c+” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Highwoods Properties has an average rating of “Hold” and an average target price of $51.60.

Shares of Highwoods Properties stock opened at $44.03 on Monday. The firm has a market cap of $4.54 billion, a PE ratio of 12.76, a P/E/G ratio of 3.26 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.00. Highwoods Properties has a 12-month low of $37.09 and a 12-month high of $52.00.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 13th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.32%. The ex-dividend date is Friday, May 10th. Highwoods Properties’s payout ratio is 55.07%.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc raised its holdings in shares of Highwoods Properties by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 15,331,831 shares of the real estate investment trust’s stock worth $724,584,000 after buying an additional 104,562 shares in the last quarter. BlackRock Inc. boosted its position in Highwoods Properties by 1.0% in the 1st quarter. BlackRock Inc. now owns 14,262,498 shares of the real estate investment trust’s stock valued at $667,198,000 after buying an additional 138,402 shares during the last quarter. FMR LLC boosted its position in Highwoods Properties by 27.7% in the 4th quarter. FMR LLC now owns 4,409,992 shares of the real estate investment trust’s stock valued at $170,623,000 after buying an additional 955,882 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Highwoods Properties by 29.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,188,266 shares of the real estate investment trust’s stock valued at $197,937,000 after buying an additional 944,953 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Highwoods Properties by 1,084.1% in the 1st quarter. Victory Capital Management Inc. now owns 3,048,220 shares of the real estate investment trust’s stock valued at $142,596,000 after buying an additional 2,790,799 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Cryptocurrencies

Get a free copy of the Zacks research report on Highwoods Properties (HIW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.