Highwoods Properties, Inc. (HIW) to Issue Quarterly Dividend of $0.50 on March 10th

Highwoods Properties, Inc. (NYSE:HIW) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Tuesday, February 17th will be given 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 7.7%. The ex-dividend date is Tuesday, February 17th.

Highwoods Properties has raised 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 Down 0.2%

NYSE HIW opened at $25.84 on Friday. Highwoods Properties has a 12 month low of $24.18 and a 12 month high of $32.76. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.44. The stock’s fifty day moving average price is $26.42 and its 200-day moving average price is $28.84. The stock has a market cap of $2.84 billion, a P/E ratio of 22.08 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The company had revenue of $201.77 million for the quarter, compared to analysts’ expectations of $205.74 million. During the same quarter in the previous year, the business posted $0.90 EPS. Highwoods Properties’s revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Highwoods Properties will post 3.36 EPS for the current fiscal year.

Highwoods Properties Company Profile

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.