RALEIGH, N.C., June 24, 2019 – Shares of Highwoods Properties Inc. (NYSE: HIW) showed the bearish trend with a lower momentum of -1.49% to $43.50. The company traded total volume of 713.421K shares as contrast to its average volume of 564.37K shares. The company has a market value of $4.58B and about 105.27M shares outstanding.
Highwoods Properties Inc. (HIW) recently reported that it had funds from operations of $76.50M, or 72 cents per share, in the period. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 84 cents per share. Funds from operations are a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $7.30M, or 7 cents per share. The real estate investment trust posted revenue of $172.40M in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $181.50M.
The Company offered net profit margin of 20.20% while its gross profit margin was 65.80%. ROE was recorded as 6.60% while beta factor was 0.85. The stock, as of recent close, has shown the weekly downbeat performance of -1.65% which was maintained at 12.43% in this year.