Highwoods Properties (HIW) Scheduled to Post Quarterly Earnings on Tuesday

Highwoods Properties (NYSE:HIW - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Highwoods Properties to post earnings of $0.90 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Highwoods Properties Stock Down 1.8 %

HIW stock traded down $0.44 during midday trading on Tuesday, hitting $23.68. The company's stock had a trading volume of 1,236,530 shares, compared to its average volume of 1,305,083. Highwoods Properties has a 52-week low of $17.06 and a 52-week high of $26.27. The firm has a 50-day simple moving average of $24.43 and a 200-day simple moving average of $22.04. The firm has a market capitalization of $2.51 billion, a P/E ratio of 17.36 and a beta of 1.23. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.33.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.45%. Highwoods Properties's payout ratio is 143.89%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HIW. Truist Financial raised their price objective on shares of Highwoods Properties from $28.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, February 13th. Robert W. Baird lifted their price target 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Highwoods Properties in a research note on Tuesday, January 30th. They set a "buy" rating and a $28.00 price target on the stock. Finally, Morgan Stanley lifted their price target 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $24.38.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HIW. Ameritas Investment Partners Inc. boosted its holdings in shares of Highwoods Properties by 1.5% in the first quarter. Ameritas Investment Partners Inc. now owns 28,020 shares of the real estate investment trust's stock valued at $1,282,000 after acquiring an additional 416 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Highwoods Properties by 7.2% in the first quarter. Mackenzie Financial Corp now owns 6,573 shares of the real estate investment trust's stock valued at $301,000 after acquiring an additional 439 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Highwoods Properties by 76.6% in the third quarter. CENTRAL TRUST Co now owns 1,095 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 475 shares in the last quarter. Quarry LP boosted its holdings in shares of Highwoods Properties by 73.0% in the fourth quarter. Quarry LP now owns 1,275 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 538 shares in the last quarter. Finally, Cibc World Markets Corp boosted its holdings in shares of Highwoods Properties by 1.2% in the first quarter. Cibc World Markets Corp now owns 52,803 shares of the real estate investment trust's stock valued at $2,415,000 after acquiring an additional 621 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

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.