Highwoods Properties Inc to Post Q1 2020 Earnings of $0.84 Per Share, Capital One Financial Forecasts (NYSE:HIW)

Highwoods Properties Inc (NYSE:HIW) – Investment analysts at Capital One Financial increased their Q1 2020 EPS estimates for shares of Highwoods Properties in a report issued on Thursday, October 17th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $0.84 per share for the quarter, up from their previous forecast of $0.82. Capital One Financial also issued estimates for Highwoods Properties’ Q2 2020 earnings at $0.91 EPS, FY2020 earnings at $3.57 EPS, Q1 2021 earnings at $0.86 EPS, Q2 2021 earnings at $0.94 EPS and Q3 2021 earnings at $0.93 EPS.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.47). The business had revenue of $184.10 million during the quarter, compared to analyst estimates of $180.20 million. Highwoods Properties had a net margin of 18.79% and a return on equity of 6.13%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 earnings per share.

Other analysts have also recently issued reports about the company. Robert W. Baird set a $49.00 price target on Highwoods Properties and gave the stock a “hold” rating in a report on Wednesday, August 21st. ValuEngine raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, SunTrust Banks lifted their price target on Highwoods Properties from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Highwoods Properties presently has an average rating of “Buy” and an average price target of $50.00.

NYSE:HIW opened at $44.05 on Monday. The stock has a market cap of $4.58 billion, a P/E ratio of 12.77, a PEG ratio of 3.32 and a beta of 0.80. The stock has a 50 day simple moving average of $44.12 and a 200 day simple moving average of $44.15. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.99. Highwoods Properties has a 1-year low of $37.09 and a 1-year high of $47.32.

A number of large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. raised its holdings in Highwoods Properties by 104.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 822 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 420 shares in the last quarter. Carroll Financial Associates Inc. raised its holdings in Highwoods Properties by 146.8% in the 3rd quarter. Carroll Financial Associates Inc. now owns 760 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 452 shares in the last quarter. Pearl River Capital LLC raised its holdings in Highwoods Properties by 236.9% in the 2nd quarter. Pearl River Capital LLC now owns 1,469 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 1,033 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Highwoods Properties by 35.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,536 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 667 shares in the last quarter. Finally, Bailard Inc. acquired a new position in Highwoods Properties in the 3rd quarter valued at $203,000. 93.59% of the stock is owned by institutional investors and hedge funds.

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.

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

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