Highwoods Properties Company Profile (NYSE:HIW)

About Highwoods Properties

Highwoods Properties logoHighwoods Properties, Inc. is a real estate investment trust. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third-parties. The Company is engaged in the business of operation, acquisition and development of real estate properties. The Company conducts its activities through Highwoods Realty Limited Partnership. The Company provides real estate services to its customers. The Company's portfolio consists of office properties in Raleigh, Atlanta, Tampa, Nashville, Memphis, Pittsburgh, Richmond and Orlando, office and industrial properties in Greensboro and retail and office properties in Kansas City. The Company operates office, industrial, retail and residential properties. The Company holds interest in approximately 30 million rentable square feet of in-service properties, over 1.5 million rentable square feet of properties under development and approximately 500 acres of development land.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: Office REITs
  • Exchange: NYSE
  • Symbol: HIW
  • CUSIP: 43128410
Key Metrics:
  • Previous Close: $51.63
  • 50 Day Moving Average: $51.37
  • 200 Day Moving Average: $50.63
  • 52-Week Range: $43.35 - $56.23
  • Trailing P/E Ratio: 9.80
  • Foreward P/E Ratio: 35.81
  • P/E Growth: 4.93
  • Market Cap: $5.28B
  • Outstanding Shares: 101,666,000
  • Beta: 0.83
  • Net Margins: 78.67%
  • Return on Equity: 5.03%
  • Return on Assets: 2.32%
  • Debt-to-Equity Ratio: 0.92%
  • Current Ratio: 0.88%
  • Quick Ratio: 0.88%
Additional Links:
Companies Related to Highwoods Properties:

Analyst Ratings

Consensus Ratings for Highwoods Properties (NYSE:HIW) (?)
Ratings Breakdown: 5 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: $54.43 (4.81% upside)

Analysts' Ratings History for Highwoods Properties (NYSE:HIW)
DateFirmActionRatingPrice TargetDetails
2/22/2017Jefferies Group LLCReiterated RatingHold$47.00View Rating Details
1/24/2017Wood & CompanyReiterated RatingBuy$62.00View Rating Details
10/27/2016Stifel NicolausUpgradeHold -> Buy$53.50 -> $55.00View Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralView Rating Details
8/3/2016Oppenheimer Holdings, Inc.Boost Price TargetOutperform$55.00 -> $62.00View Rating Details
7/15/2016SunTrust Banks, Inc.Boost Price TargetNeutral$48.00 -> $53.00View Rating Details
7/7/2016Citigroup Inc.Boost Price TargetNeutral$47.00 -> $52.00View Rating Details
6/5/2016Capital One Financial CorporationDowngradeOverweight -> Equal WeightView Rating Details
5/12/2016Morgan StanleyDowngradeOverweight -> Equal$47.00 -> $50.00View Rating Details
1/7/2016Barclays PLCDowngradeOverweight -> Equal WeightView Rating Details
1/7/2016Robert W. BairdDowngradeOutperform -> Neutral$47.00View Rating Details
11/13/2015BB&T CorporationInitiated CoverageHold$48.00View Rating Details
10/28/2015DA DavidsonBoost Price TargetBuy$52.00View Rating Details
(Data available from 2/23/2015 forward)


Earnings History for Highwoods Properties (NYSE:HIW)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/7/2017Q416$0.30$0.82$168.44 million$167.65 millionViewListenView Earnings Details
10/25/2016Q316$0.81$0.82$169.05 million$166.30 millionViewN/AView Earnings Details
8/3/2016Q2$0.80$0.82$164.24 million$166.86 millionViewN/AView Earnings Details
4/26/2016Q116$0.79$0.82$165.74 million$164.90 millionViewN/AView Earnings Details
2/9/2016Q415$0.81$0.82$170.89 million$160.13 millionViewN/AView Earnings Details
10/27/2015Q315$0.77$0.77$162.56 million$163.70 millionViewListenView Earnings Details
8/4/2015Q215$0.76$0.77$159.79 million$161.10 millionViewN/AView Earnings Details
4/28/2015Q115$0.72$0.72$156.43 million$157.30 millionViewN/AView Earnings Details
2/10/2015Q414$0.74$0.74$154.77 millionViewN/AView Earnings Details
10/28/2014Q314$0.73$0.71$153.20 million$152.63 millionViewN/AView Earnings Details
7/29/2014Q214$0.73$0.80$149.72 million$152.72 millionViewN/AView Earnings Details
4/29/2014Q114$0.71$0.66$145.50 million$148.45 millionViewN/AView Earnings Details
2/10/2014Q413$0.73$0.74$149.84 million$149.00 millionViewN/AView Earnings Details
10/30/2013Q313$0.70$0.71$139.70 million$147.29 millionViewListenView Earnings Details
7/26/2013Q213$0.69$0.70$137.40 million$138.50 millionViewListenView Earnings Details
4/30/2013Q113$0.69$0.68$136.14 millionViewN/AView Earnings Details
2/12/2013$0.68$0.68$130.26 million$133.90 millionViewN/AView Earnings Details
10/30/2012Q312$0.65$0.66ViewN/AView Earnings Details
2/7/2012$0.69$0.70ViewN/AView Earnings Details
10/27/2011$0.60$0.65ViewN/AView Earnings Details
5/2/2011$0.61$0.61ViewN/AView Earnings Details
2/9/2011$0.61$0.63ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Highwoods Properties (NYSE:HIW)
Current Year EPS Consensus Estimate: $1.31 EPS
Next Year EPS Consensus Estimate: $1.45 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20165$0.77$0.81$0.79
Q2 20165$0.78$0.82$0.80
Q3 20165$0.80$0.82$0.81
Q4 20165$0.81$0.83$0.82
Q1 20175$0.77$0.81$0.80
Q2 20175$0.83$0.84$0.83
Q3 20175$0.83$0.88$0.86
Q4 20173$0.87$0.88$0.87
Q1 20181$0.88$0.88$0.88
Q2 20181$0.88$0.88$0.88
Q3 20181$0.89$0.89$0.89
Q4 20181$0.90$0.90$0.90
(Data provided by Zacks Investment Research)


Current Dividend Information for Highwoods Properties (NYSE:HIW)
Annual Dividend:$1.70
Dividend Yield:3.27%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:31.60% (Based on Trailing 12 Months of Earnings)
129.77% (Based on Current Year Consensus EPS Estimate)
117.24% (Based on Next Year Consensus EPS Estimate)

Dividend History for Highwoods Properties (NYSE:HIW)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Highwoods Properties (NYSE:HIW)
Insider Ownership Percentage: 2.10%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/26/2016Jeffrey Douglas MillerSVPSell4,214$52.52$221,319.28View SEC Filing  
7/1/2016Edward J FritschCEOSell85,822$52.27$4,485,915.94View SEC Filing  
6/29/2016Jeffrey Douglas MillerSVPSell12,000$51.46$617,520.00View SEC Filing  
6/16/2016Edward J FritschCEOSell24,656$49.36$1,217,020.16View SEC Filing  
5/26/2016Sherry A KellettDirectorSell7,600$47.32$359,632.00View SEC Filing  
5/9/2016Mark F MulhernCFOSell12,124$48.75$591,045.00View SEC Filing  
5/9/2016Theodore J KlinckCOOSell12,397$48.86$605,717.42View SEC Filing  
3/18/2016Edward J FritschCEOSell29,323$47.10$1,381,113.30View SEC Filing  
3/7/2016Jeffrey Douglas MillerSVPSell11,744$46.27$543,394.88View SEC Filing  
6/5/2015Carlos E EvansDirectorBuy5,000$41.33$206,650.00View SEC Filing  
3/2/2015Jeffrey Douglas MillerSVPSell19,036$46.13$878,130.68View SEC Filing  
12/2/2014Edward J FritschCEOSell63,302$43.48$2,752,370.96View SEC Filing  
12/1/2014Edward J FritschCEOSell36,280$43.46$1,576,728.80View SEC Filing  
8/19/2014Terry L StevensCFOSell11,215$42.39$475,403.85View SEC Filing  
8/1/2014Jeffrey Douglas MillerVPSell4,000$42.25$169,000.00View SEC Filing  
5/15/2014David John HartzellDirectorSell10,000$40.24$402,400.00View SEC Filing  
5/14/2014Sherry KellettDirectorSell10,000$41.19$411,900.00View SEC Filing  
5/5/2014Edward FritschCEOSell106,897$40.34$4,312,224.98View SEC Filing  
6/17/2013Gene H AndersonDirectorSell63,390$35.91$2,276,334.90View SEC Filing  
5/7/2013Michael E HarrisCOOSell50,000$41.06$2,053,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Highwoods Properties (NYSE:HIW)
4-traders.com logoHIGHWOODS PROPERTIES, INC. (NYSE:HIW) Files An 8-K Other Events (NYSE:HIW)
www.4-traders.com - February 15 at 4:58 AM
4-traders.com logoHIGHWOODS PROPERTIES INC : ex-dividend day (NYSE:HIW)
www.4-traders.com - February 14 at 6:57 PM
4-traders.com logoHighwoods Properties : HIW Announces Pricing $300 Million of 3.875% Notes Dues 2027 (NYSE:HIW)
www.4-traders.com - February 13 at 6:40 PM
finance.yahoo.com logoHighwoods Prices $300 Million of 3.875% Notes Due 2027 (NYSE:HIW)
finance.yahoo.com - February 13 at 6:40 PM
4-traders.com logoHighwoods Properties : Announces Update to Record Date for Upcoming Quarterly Common Stock Dividend (NYSE:HIW)
www.4-traders.com - February 13 at 11:29 AM
finance.yahoo.com logoHighwoods Announces Update to Record Date for Upcoming Quarterly Common Stock Dividend (NYSE:HIW)
finance.yahoo.com - February 13 at 11:29 AM
finance.yahoo.com logoHIGHWOODS PROPERTIES INC Financials (NYSE:HIW)
finance.yahoo.com - February 11 at 5:45 PM
capitalcube.com logoHighwoods Properties, Inc. :HIW-US: Earnings Analysis: 2016 By the Numbers : February 10, 2017 (NYSE:HIW)
www.capitalcube.com - February 10 at 6:24 PM
capitalcube.com logoHighwoods Properties, Inc. :HIW-US: Earnings Analysis: Q4, 2016 By the Numbers : February 9, 2017 (NYSE:HIW)
www.capitalcube.com - February 9 at 6:33 PM
biz.yahoo.com logoHIGHWOODS PROPERTIES INC Files SEC form 10-K, Annual Report (NYSE:HIW)
us.rd.yahoo.com - February 8 at 11:21 PM
biz.yahoo.com logoHIGHWOODS PROPERTIES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:HIW)
us.rd.yahoo.com - February 8 at 11:21 PM
finance.yahoo.com logoEdited Transcript of HIW earnings conference call or presentation 8-Feb-17 4:00pm GMT (NYSE:HIW)
finance.yahoo.com - February 8 at 11:21 PM
bizjournals.com logoHighwoods working deal with Raleigh law firm to kick off $22M office building (NYSE:HIW)
www.bizjournals.com - February 8 at 6:19 PM
biz.yahoo.com logoQ4 2016 Highwoods Properties Inc Earnings Release - After Market Close (NYSE:HIW)
us.rd.yahoo.com - February 8 at 12:00 AM
bizjournals.com logoDowntown Orlando lakefront office hits the market (NYSE:HIW)
us.rd.yahoo.com - February 8 at 12:00 AM
us.rd.yahoo.com logo5:10 pm Highwoods Prop beats by $0.01, revs in-line; guides FY17 FFO below consensus; increases quarterly dividend 3.5% to $0.44 per common share (NYSE:HIW)
us.rd.yahoo.com - February 8 at 12:00 AM
marketwired.com logoHighwoods Announces Availability of Fourth Quarter and Full Year 2016 Results (NYSE:HIW)
www.marketwired.com - February 7 at 6:58 PM
nasdaq.com logoHighwoods Declares Quarterly Dividends (NYSE:HIW)
www.nasdaq.com - February 7 at 6:58 PM
rttnews.com logoEARNINGS SUMMARY: Details of Highwoods Properties Inc. Q4 Earnings Report (NYSE:HIW)
www.rttnews.com - February 7 at 6:58 PM
sg.finance.yahoo.com logoHighwoods Properties reports 4Q results (NYSE:HIW)
sg.finance.yahoo.com - February 7 at 6:58 PM
finance.yahoo.com logoWhy Highwoods Properties (HIW) Might Surprise This Earnings Season (NYSE:HIW)
finance.yahoo.com - February 3 at 6:13 PM
capitalcube.com logoETFs with exposure to Highwoods Properties, Inc. : February 3, 2017 (NYSE:HIW)
www.capitalcube.com - February 3 at 6:13 PM
capitalcube.com logoHighwoods Properties, Inc. breached its 50 day moving average in a Bearish Manner : HIW-US : February 2, 2017 (NYSE:HIW)
www.capitalcube.com - February 2 at 6:20 PM
nasdaq.com logoHIW Makes Notable Cross Below Critical Moving Average (NYSE:HIW)
www.nasdaq.com - February 1 at 6:25 PM
finance.yahoo.com logoSimon Property (SPG) Q4 FFO & Revenues Top, Dividend Up (NYSE:HIW)
finance.yahoo.com - January 31 at 6:26 PM
bizjournals.com logoIndustrious expanding its co-working spaces in downtown Raleigh (NYSE:HIW)
www.bizjournals.com - January 27 at 12:18 AM
finanznachrichten.de logoHighwoods to Release 2016 Fourth Quarter Results Tuesday, February 7th / Conference Call Wednesday, February 8th, at 11:00 A.M. (NYSE:HIW)
www.finanznachrichten.de - January 17 at 10:55 AM
4-traders.com logoHighwoods Properties : to Release 2016 Fourth Quarter Results Tuesday, February 7th (NYSE:HIW)
www.4-traders.com - January 17 at 10:55 AM
finance.yahoo.com logoHighwoods to Release 2016 Fourth Quarter Results Tuesday, February 7th (NYSE:HIW)
finance.yahoo.com - January 17 at 10:55 AM
capitalcube.com logoHighwoods Properties, Inc. : HIW-US: Dividend Analysis : December 27th, 2016 (record date) : By the numbers : January 11, 2017 (NYSE:HIW)
www.capitalcube.com - January 11 at 6:19 PM
finance.yahoo.com logoHersha Hospitality (HT) Declares Special Cash Dividend (NYSE:HIW)
finance.yahoo.com - December 20 at 10:59 AM
bizjournals.com logoHighwoods declares $83M special dividend payout (NYSE:HIW)
www.bizjournals.com - December 15 at 6:16 PM
bizjournals.com logoHighwoods to pay $83M in special dividend to shareholders, first in company history (NYSE:HIW)
www.bizjournals.com - December 15 at 6:16 PM
kcregister.com logoHighwoods Properties, Inc. (NYSE:HIW) declared a special cash dividend of $0.80 per share (NYSE:HIW)
www.kcregister.com - December 14 at 11:24 PM
finance.yahoo.com logoHighwoods Declares Special Dividend for 2016 (NYSE:HIW)
finance.yahoo.com - December 13 at 6:09 PM
finance.yahoo.com logo4:16 pm Highwoods Prop declares special cash dividend of $0.80/share (NYSE:HIW)
finance.yahoo.com - December 13 at 6:09 PM
News IconNAREIT names new chairman (NYSE:HIW)
www.rejournals.com - December 8 at 10:47 AM
capitalcube.com logoHighwoods Properties, Inc. breached its 50 day moving average in a Bullish Manner : HIW-US : December 8, 2016 (NYSE:HIW)
www.capitalcube.com - December 8 at 10:47 AM
insidermonkey.com logoShould You Follow the Smart Money Out of Casey’s General Stores Inc (CASY)? (NYSE:HIW)
www.insidermonkey.com - November 30 at 5:52 PM
bizjournals.com logoFirst look: Office space is scarce, so Nashville’s dominant office developer seizes the moment (NYSE:HIW)
www.bizjournals.com - November 10 at 4:49 PM
capitalcube.com logoETF’s with exposure to Highwoods Properties, Inc. : October 31, 2016 (NYSE:HIW)
www.capitalcube.com - October 31 at 5:35 PM
finance.yahoo.com logoTriangle Capital Corporation Announces Appointment of Mark Mulhern to Its Board of Directors (NYSE:HIW)
finance.yahoo.com - October 31 at 5:35 PM
4-traders.com logoHighwoods Properties : REIT Stocks Technical Reports -- Parkway Properties, Kilroy Realty, Mack-Cali Realty, and Highwoods Properties (NYSE:HIW)
www.4-traders.com - October 31 at 11:59 AM
capitalcube.com logoHighwoods Properties, Inc. :HIW-US: Earnings Analysis: Q3, 2016 By the Numbers : October 28, 2016 (NYSE:HIW)
www.capitalcube.com - October 28 at 5:18 PM
nasdaq.com logoHIW Crosses Below Key Moving Average Level (NYSE:HIW)
www.nasdaq.com - October 27 at 5:30 PM
rttnews.com logoHighwoods Properties Inc. Bottom Line Advances 12% In Q3 (NYSE:HIW)
www.rttnews.com - October 27 at 10:10 AM
finance.yahoo.com logoHighwoods Prop upgraded by Stifel (NYSE:HIW)
finance.yahoo.com - October 27 at 10:10 AM
bizjournals.com logoExclusive: Mars Petcare pursues massive Cool Springs project for HQ (NYSE:HIW)
www.bizjournals.com - October 26 at 5:30 PM
sg.finance.yahoo.com logoHighwoods Properties reports 3Q results (NYSE:HIW)
sg.finance.yahoo.com - October 26 at 8:37 AM
publicnow.com logoHighwoods Announces Availability of Third Quarter 2016 Results (NYSE:HIW)
www.publicnow.com - October 25 at 5:29 PM


What is Highwoods Properties' stock symbol?

Highwoods Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "HIW."

How often does Highwoods Properties pay dividends? What is the dividend yield for Highwoods Properties?

Highwoods Properties declared a quarterly dividend on Tuesday, February 7th. Stockholders of record on Friday, February 17th will be paid a dividend of $0.44 per share on Tuesday, March 7th. This represents a $1.76 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, February 15th. This is a positive change from Highwoods Properties's previous quarterly dividend of $0.43.

Where is Highwoods Properties' stock going? Where will Highwoods Properties' stock price be in 2017?

8 brokers have issued 1-year price targets for Highwoods Properties' stock. Their predictions range from $47.00 to $62.00. On average, they expect Highwoods Properties' stock price to reach $54.43 in the next twelve months.

When will Highwoods Properties announce their earnings?

Highwoods Properties is scheduled to release their next quarterly earnings announcement on Tuesday, April, 25th 2017.

What are analysts saying about Highwoods Properties stock?

Here are some recent quotes from research analysts about Highwoods Properties stock:

  • According to Zacks Investment Research, "Highwoods reported fourth-quarter 2016 FFO per share of $0.82, which came in line with the Zacks Consensus Estimate. Results reflected strong growth in same-property NOI net operating income (NOI). However, the shares of Highwoods underperformed the Zacks categorized REIT and Equity Trust – Other industry over the last one month. Also, its first-quarter 2017 estimates moved down lately. In fact, interest rate hike is posing a challenge for the company. This is because the company’s ability to refinance existing debt would be restricted, while the interest cost on new debt would increase. Also, its huge development pipeline and large exposure to office assets are adding to the operations risks. However, the company has a diverse portfolio with top tenants, high-quality office assets in best business districts (BBDs) and a robust balance sheet. Also, its recent hike in dividend is encouraging." (2/15/2017)

  • Wood & Company analysts commented, "We maintain our Outperform rating on HIW. We are lowering our 2017 FFO estimate to account for (1) higher debt costs and (2) a delay in a development project’s leaseup. Somewhat offsetting is our increased occupancy in some markets (details below). The timing of development leaseups and the cost of capital are constantly moving, and these can cause volatility to our estimates. However, we see these issues as more about timing than a change in outlook, and none of these changes alter our thesis on HIW." (1/24/2017)

  • Morgan Stanley analysts commented, "defensive play among Office REITs given its track record of value creation from build-to-suit developments with consistent cash flow generation, a stable dividend yield, and exposure to high quality CDB office properties in strong secondary markets such as Atlanta, Raleigh, and Nashville."Occupancy is already at a company high and new rent growth is expected to slow down sector wide. Sharma expects same-store "NOI growth of 4–5 percent over 2016-18E down from 7 percent in 2015." Growth is aligned with peers' average and doesn't support Sharma's previous Overweight thesis.Related Link: Highwoods Properties Upgraded At Morgan StanleyShares of Highwoods traded at 68 basis points higher than the Office REIT average and were "relatively rich when compared to long-term average spread of +120 basis points," Sharma noted. In previous quarters when uncertainty plagued the Office REIT market, investors chose "defensive" names such as Highwoods, and shares benefited directly.The analyst thinks the "spread will revert closer to its historical average," (5/12/2016)

Who owns Highwoods Properties stock?

Highwoods Properties' stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (4.77%), State Street Corp (4.23%), Dimensional Fund Advisors LP (1.34%), Westwood Holdings Group Inc. (0.85%), NN Investment Partners Holdings N.V. (0.58%) and William Blair Investment Management LLC (0.32%). Company insiders that own Highwoods Properties stock include Carlos E Evans, Edward J Fritsch, Jeffrey Douglas Miller, Mark F Mulhern, Sherry A Kellett and Theodore J Klinck.

Who sold Highwoods Properties stock? Who is selling Highwoods Properties stock?

Highwoods Properties' stock was sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., Asset Management One Co. Ltd., Federated Investors Inc. PA, Two Sigma Investments LP, Davis Selected Advisers, Franklin Resources Inc., Janus Capital Management LLC and Cipher Capital LP. Company insiders that have sold Highwoods Properties stock in the last year include Edward J Fritsch, Jeffrey Douglas Miller, Mark F Mulhern, Sherry A Kellett and Theodore J Klinck.

Who bought Highwoods Properties stock? Who is buying Highwoods Properties stock?

Highwoods Properties' stock was bought by a variety of institutional investors in the last quarter, including Waterfront Capital Partners LLC, FMR LLC, Renaissance Technologies LLC, Martingale Asset Management L P, Dimensional Fund Advisors LP, Russell Investments Group Ltd., State Street Corp and Guggenheim Capital LLC.

How do I buy Highwoods Properties stock?

Shares of Highwoods Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Highwoods Properties stock cost?

One share of Highwoods Properties stock can currently be purchased for approximately $51.93.

Highwoods Properties (NYSE:HIW) Chart for Thursday, February, 23, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

Earnings History Chart

Earnings by Quarter for Highwoods Properties (NYSE:HIW)

Dividend History Chart

Dividend Payments by Quarter for Highwoods Properties (NYSE:HIW)

Last Updated on 2/23/2017 by MarketBeat.com Staff