Economia

Brokers Issue Forecasts for Highwoods Properties, Inc.'s FY2018 Earnings (NYSE:HIW)

Brokers Issue Forecasts for Highwoods Properties, Inc.'s FY2018 Earnings (NYSE:HIW)

Shares of Highwoods Properties (NYSE HIW) traded down 0.75% on Wednesday, hitting $50.54.

Stock analysts at SunTrust Banks reduced their FY2018 EPS estimates for shares of Highwoods Properties in a research report issued on Wednesday.

RMR Advisors LLC held its stake in Highwoods Properties, Inc.

Other research analysts also recently issued research reports about the company. ProShare Advisors LLC increased its position in Highwoods Properties by 52.9% in the first quarter. Envestnet Asset Management Inc. now owns 3,083 shares of the real estate investment trust's stock valued at $151,000 after buying an additional 369 shares in the last quarter. Highwoods Properties Inc (NYSE:HIW) has risen 13.20% since August 9, 2016 and is uptrending. Credit Suisse AG now owns 446,755 shares of the real estate investment trust's stock valued at $21,950,000 after buying an additional 37,953 shares during the last quarter. Arizona State Retirement Sys has invested 0.03% in Highwoods Properties Inc (NYSE:HIW). Retirement Systems of Alabama now owns 131,254 shares of the real estate investment trust's stock valued at $6,449,000 after buying an additional 1,843 shares in the last quarter. State Street Corp now owns 4,327,993 shares of the real estate investment trust's stock worth $212,634,000 after buying an additional 88,057 shares during the last quarter. Forsta AP Fonden boosted its position in shares of Highwoods Properties by 173.5% in the second quarter.

Shares of Highwoods Properties, Inc.

Highwoods Properties (NYSE:HIW) traded down 1.49% during midday trading on Monday, reaching $51.05.

The company is so far trading up by 0.20 percent from yesterday's close. The company's 50-day moving average is $50.66 and its 200 day moving average is $50.76. Highwoods Properties, Inc. The firm has a market capitalization of $5.21 billion, a PE ratio of 40.23 and a beta of 0.88.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 25th. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The company had revenue of $177.28 million during the quarter, compared to analyst estimates of $172.28 million. During the same period in the previous year, the firm earned $0.32 earnings per share. During the same quarter a year ago, the firm posted $0.32 EPS. Equities analysts predict that Highwoods Properties will post $1.19 EPS for the current fiscal year. Nasdaq.com's news article titled: "Ex-Dividend Reminder: Kemper, Highwoods Properties and National Instruments" with publication date: August 08, 2017 was also an interesting one. This represents a $1.76 dividend on an annualized basis and a yield of 3.49%. Frontier Cap Mngmt has invested 0% in Highwoods Properties Inc (NYSE:HIW). Rothschild Asset Management Inc. owned approximately 0.95% of Highwoods Properties worth $49,240,000 as of its most recent SEC filing. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and global trademark and copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/12/highwoods-properties-inc-nysehiw-given-average-recommendation-of-hold-by-analysts-updated-updated-updated.html.

Several equities analysts have recently issued reports on the company. Mulhern Mark F sold $1.35 million worth of Highwoods Properties Inc (NYSE:HIW) on Wednesday, March 1.

Standard Life Investments Ltd reports that it bought 681,810 shares in quarter ending 06/30/2017 increasing its exposure to Highwoods Properties, Inc.by 8,468.6%. On May 12 the company was downgraded from "Overweight" to "Equal-weight" with a current price target of $50.00 by Morgan Stanley.

In other news, COO Theodore J. Klinck sold 10,000 shares of the firm's stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $52.51, for a total value of $525,100.00. Following the completion of the transaction, the chief operating officer now directly owns 63,194 shares of the company's stock, valued at $3,318,316.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Forsta AP Fonden now owns 36,100 shares of the real estate investment trust's stock valued at $1,831,000 after buying an additional 22,900 shares during the period.

Highwoods Properties, Inc is an office real estate investment trust (REIT).