Highwoods Properties, Inc. (NYSE:HIW) is reporting third quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.32 per share from $ 181.90 million in revenue.
For the full year, analysts predict revenues of $ 742.13 million, while looking forward to income of $ 2.41 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.59 ~ $ 3.68 per share
Click Here For More Historical Outlooks Of Highwoods Properties, Inc.
Previous Quarter Performance
Highwoods Properties, Inc. unwinded income for the second quarter of $ 0.93 per share, from the revenue of $ 183.15 million. The quarterly earnings improved 144.74 percent while revenues down 0.50 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.30 per share from $ 187.15 million in revenue. The bottom line results beat street analysts by $ 0.63 or 210.00 percent, at the same time, top line results fell short of analysts by $ 4 million or 2.14 percent.
Stock Performance
Shares of Highwoods Properties, Inc. traded up $ 0.08 or 0.24 percent on Friday, reaching $ 33.52 with volume of 630.00 thousand shares. Highwoods Properties, Inc. has traded high as $ 33.88 and has cracked $ 33.14 on the downward trend
According to the previous trading day, closing price of $ 33.52, representing a 33.23 % increase from the 52 week low of $ 25.10 and a 36.62 % decrease over the 52 week high of $ 52.76.
The company has a market capital of $ 3.48 billion and is part of the Real Estate sector and REIT – Office industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 45.00 target price.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.48 per share to holders of record as of the close of business on August 17, 2020, with payment date of September 9, 2020 and ex-dividend date on August 14, 2020.
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.
