Highwoods Properties (NYSE:HIW – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 3.590-3.630 for the period, compared to the consensus EPS estimate of 3.590. The company issued revenue guidance of -. Highwoods Properties also updated its FY24 guidance to $3.59-3.63 EPS.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Truist Financial boosted their price objective on shares of Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company boosted their price objective on shares of Highwoods Properties from $22.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and upped their target price for the stock from $31.00 to $35.00 in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Highwoods Properties presently has an average rating of “Hold” and a consensus price target of $28.50.
Read Our Latest Report on Highwoods Properties
Highwoods Properties Stock Down 1.4 %
Highwoods Properties (NYSE:HIW – Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.74). The company had revenue of $204.30 million for the quarter, compared to analysts’ expectations of $204.96 million. Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. Equities analysts predict that Highwoods Properties will post 3.6 EPS for the current fiscal year.
Highwoods Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date is Monday, November 18th. Highwoods Properties’s payout ratio is 163.93%.
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.
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