Highwoods Properties (NYSE:HIW) Releases FY 2024 Earnings Guidance

Highwoods Properties (NYSE:HIW) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 3.540-3.620 for the period, compared to the consensus EPS estimate of 3.560. The company issued revenue guidance of -.

Analyst Ratings Changes

Several research firms recently issued reports on HIW. Deutsche Bank Aktiengesellschaft increased their target price on Highwoods Properties from $28.00 to $31.00 and gave the stock a buy rating in a research note on Monday, May 6th. Morgan Stanley increased their target price on 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 issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $24.75.

Highwoods Properties Stock Up 2.0 %

NYSE HIW traded up $0.56 during trading hours on Tuesday, hitting $28.71. 704,124 shares of the company were exchanged, compared to its average volume of 1,083,235. The company has a 50 day moving average of $26.29 and a two-hundred day moving average of $25.02. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.37. Highwoods Properties has a 52-week low of $17.06 and a 52-week high of $29.58. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 23.53 and a beta of 1.27.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $2.00 annualized dividend and a yield of 6.97%. Highwoods Properties’s dividend payout ratio (DPR) is 163.93%.

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.