Highwoods Properties (HIW) Expected to Announce Earnings on Tuesday

Highwoods Properties (NYSE:HIW - Get Free Report) is anticipated to announce its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.85 per share and revenue of $204.04 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Highwoods Properties Trading Up 0.5 %

Shares of NYSE:HIW traded up $0.15 during trading on Friday, reaching $29.42. 703,367 shares of the stock were exchanged, compared to its average volume of 837,315. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 21.95 and a beta of 1.24. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. Highwoods Properties has a 12-month low of $22.52 and a 12-month high of $36.78. The firm's 50-day moving average price is $30.11 and its 200 day moving average price is $31.63.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.80%. Highwoods Properties's payout ratio is 149.25%.

Analysts Set New Price Targets

HIW has been the subject of a number of analyst reports. Jefferies Financial Group decreased their price target on Highwoods Properties from $35.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company boosted their price objective on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Robert W. Baird raised their target price on Highwoods Properties from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Mizuho boosted their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Highwoods Properties has a consensus rating of "Hold" and an average price target of $30.86.

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.