Highwoods Properties, Inc. (HIW) To Go Ex-Dividend on May 18th

Highwoods Properties, Inc. (NYSE:HIW – Get Free Report) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Monday, May 18th will be given a dividend of 0.50 per share by the real estate investment trust on Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Monday, May 18th.

Highwoods Properties has increased its dividend payment by an average of 0.0%per year 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. Research analysts expect Highwoods Properties to earn $3.68 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 54.3%.

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Highwoods Properties Trading Down 2.8%

NYSE HIW opened at $25.48 on Friday. The firm’s 50-day moving average is $22.90 and its two-hundred day moving average is $25.08. Highwoods Properties has a 12 month low of $20.45 and a 12 month high of $32.76. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $2.81 billion, a P/E ratio of 30.33 and a beta of 1.08.

Highwoods Properties (NYSE:HIW – Get Free Report) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. Highwoods Properties had a net margin of 11.64% and a return on equity of 3.97%. The company had revenue of $214.03 million for the quarter, compared to analysts’ expectations of $209.06 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. Highwoods Properties’s revenue for the quarter was up 6.8% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. On average, sell-side analysts anticipate that Highwoods Properties will post 3.53 earnings per share for the current year.

Highwoods Properties Company Profile

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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.

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