Highwoods Properties (NYSE:HIW – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.590-3.630 for the period, compared to the consensus earnings per share estimate of 3.590. The company issued revenue guidance of -. Highwoods Properties also updated its FY24 guidance to $3.59-3.63 EPS.
Highwoods Properties Stock Up 0.0 %
Highwoods Properties stock traded up $0.01 during trading hours on Tuesday, hitting $35.59. 1,335,849 shares of the stock traded hands, compared to its average volume of 982,242. Highwoods Properties has a one year low of $17.06 and a one year high of $36.55. The firm’s 50-day moving average price is $32.74 and its two-hundred day moving average price is $28.83. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.34. The company has a market cap of $3.77 billion, a PE ratio of 29.05 and a beta of 1.26.
Highwoods Properties (NYSE:HIW – Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.31). The firm had revenue of $204.74 million for the quarter, compared to the consensus estimate of $205.06 million. Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. On average, research analysts forecast that Highwoods Properties will post 3.6 EPS for the current year.
Highwoods Properties Dividend Announcement
Wall Street Analyst Weigh In
Several equities research analysts recently commented on HIW shares. Truist Financial boosted their price objective on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut Highwoods Properties from a “buy” rating to a “hold” rating and boosted their price target for the stock from $31.00 to $35.00 in a research report on Tuesday, October 1st. Robert W. Baird raised their price objective on Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their target price on Highwoods Properties from $22.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.50.
Read Our Latest Stock Report on Highwoods Properties
About Highwoods Properties
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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