Highwoods Properties, Inc. (HIW) To Go Ex-Dividend on February 17th

Highwoods Properties, Inc. (NYSE:HIW) announced a quarterly dividend on Thursday, January 29th. Investors of record on Tuesday, February 17th will be paid a dividend of 0.50 per share by the real estate investment trust on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date is Tuesday, February 17th.

Highwoods Properties has increased its dividend payment by an average of 0.0%annually over the last three years. Highwoods Properties has a dividend payout ratio of 289.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Highwoods Properties to earn $3.59 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 55.7%.

Highwoods Properties Trading Up 4.8%

NYSE HIW opened at $23.10 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.39 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $2.54 billion, a P/E ratio of 15.82 and a beta of 1.06. The business has a fifty day simple moving average of $25.94 and a 200 day simple moving average of $28.44. Highwoods Properties has a 12 month low of $21.56 and a 12 month high of $32.76.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.58). Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. The firm had revenue of $203.36 million during the quarter, compared to analysts’ expectations of $208.08 million. During the same quarter in the prior year, the company earned $0.85 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. On average, analysts predict that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Institutional Trading of Highwoods Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake in Highwoods Properties by 88.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 372 shares in the last quarter. Bell Investment Advisors Inc boosted its holdings in shares of Highwoods Properties by 921.4% in the third quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 774 shares during the period. Avalon Trust Co purchased a new position in shares of Highwoods Properties in the third quarter valued at $37,000. Beacon Financial Strategies CORP purchased a new position in shares of Highwoods Properties in the fourth quarter valued at $34,000. Finally, SJS Investment Consulting Inc. bought a new stake in shares of Highwoods Properties during the 3rd quarter valued at $49,000. Institutional investors own 96.31% of the company’s stock.

About Highwoods Properties

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.