Highwoods Properties Inc Announces Quarterly Dividend of $0.48 (NYSE:HIW)

Highwoods Properties Inc (NYSE:HIW) announced a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Investors of record on Monday, August 12th will be paid a dividend of 0.475 per share by the real estate investment trust on Wednesday, September 4th. This represents a $1.90 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Friday, August 9th.

Highwoods Properties has increased its dividend by an average of 2.9% annually over the last three years and has increased its dividend every year for the last 2 years. Highwoods Properties has a payout ratio of 55.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Highwoods Properties to earn $3.56 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 53.4%.

Shares of HIW stock opened at $44.30 on Friday. The business has a fifty day simple moving average of $43.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 3.33 and a beta of 0.80. Highwoods Properties has a 52 week low of $37.09 and a 52 week high of $50.81.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.47). Highwoods Properties had a net margin of 18.79% and a return on equity of 6.13%. The company had revenue of $184.10 million for the quarter, compared to the consensus estimate of $180.20 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. Highwoods Properties’s revenue was up 3.0% compared to the same quarter last year. As a group, research analysts predict that Highwoods Properties will post 3.35 EPS for the current year.

Several research analysts have issued reports on the company. Zacks Investment Research raised Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. ValuEngine raised Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, TheStreet downgraded Highwoods Properties from a “b-” rating to a “c+” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Highwoods Properties currently has an average rating of “Hold”.

About Highwoods Properties

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.

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Dividend History for Highwoods Properties (NYSE:HIW)

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