Highwoods Properties, Inc. (HIW) to Distribute Quarterly Dividend of $0.50 on September 9th

Highwoods Properties, Inc. (NYSE:HIW) declared a quarterly dividend on Wednesday, July 22nd. Stockholders 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 6.3%. The ex-dividend date is Monday, August 17th.

Highwoods Properties has increased its dividend 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 $3.67 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 54.5%.

Highwoods Properties Stock Down 0.9%

HIW stock opened at $31.52 on Friday. The company’s 50 day moving average price is $31.39 and its 200 day moving average price is $26.48. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 20.74 and a beta of 1.05. Highwoods Properties has a fifty-two week low of $20.45 and a fifty-two week high of $35.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The firm had revenue of $216.38 million during the quarter, compared to analysts’ expectations of $212.15 million. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. On average, equities research analysts anticipate that Highwoods Properties will post 3.53 EPS for the current fiscal year.

About Highwoods Properties

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.