Highwoods Properties (HIW) to Release Earnings on Tuesday

Highwoods Properties (NYSE:HIW) is expected to be releasing its earnings data 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 that are interested in registering for the company’s conference call can do so using this link.

Highwoods Properties Trading Down 1.2 %

NYSE HIW opened at $29.42 on Tuesday. Highwoods Properties has a 52 week low of $21.46 and a 52 week high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s 50 day moving average price is $30.37 and its two-hundred day moving average price is $31.65. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 21.95 and a beta of 1.24.

Highwoods Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given 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 dividend payout ratio is presently 149.25%.

Wall Street Analysts Forecast Growth

HIW has been the subject of a number of recent research reports. Mizuho increased their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Robert W. Baird raised their price target on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Jefferies Financial Group dropped their price objective on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company boosted their price target 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 equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus 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.