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

Highwoods Properties, Inc. (NYSE:HIW) declared 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) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date 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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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%.

Highwoods Properties Stock Performance

NYSE HIW opened at $32.56 on Thursday. Highwoods Properties has a 52-week low of $20.45 and a 52-week high of $33.88. The company has a 50-day simple moving average of $29.23 and a 200 day simple moving average of $25.79. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.50 and a current ratio of 1.50. 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) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share 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 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 company earned $0.83 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. On average, research analysts predict that Highwoods Properties will post 3.53 EPS for the current 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.