Highwoods Properties, Inc. Plans Quarterly Dividend of $0.50 (NYSE:HIW)

Highwoods Properties, Inc. (NYSE:HIW – Get Free Report) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 17th will be paid a dividend of 0.50 per share by the real estate investment trust on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, August 17th.

Highwoods Properties has increased its dividend payment by an average of 0.0%per year over the last three years. Highwoods Properties has a payout ratio of 289.9% indicating that 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 Stock Down 1.6%

Shares of HIW opened at $32.56 on Thursday. The business’s 50 day moving average is $29.23 and its 200 day moving average is $25.79. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.46. Highwoods Properties has a 12-month low of $20.45 and a 12-month high of $33.88. The company has a market capitalization of $3.59 billion, a PE ratio of 38.77 and a beta of 1.07.

Highwoods Properties (NYSE:HIW – Get Free Report) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.13. Highwoods Properties had a return on equity of 3.97% and a net margin of 11.64%.The firm had revenue of $214.03 million for the quarter, compared to analysts’ expectations of $209.06 million. During the same period in the previous year, the firm posted $0.83 earnings per share. The business’s revenue 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. Research analysts expect that Highwoods Properties will post 3.53 earnings per share for the current fiscal year.

Highwoods Properties declared that its board has authorized a stock buyback plan on Wednesday, April 22nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 9.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

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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