About Highwoods Properties (NYSE:HIW)
Highwoods Properties, Inc. is an office real estate investment trust (REIT). The Company's primary business is the operation, acquisition and development of office properties. The Company's segments include Office and Other. The Company 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. The Company conducts its activities through Highwoods Realty Limited Partnership (the Operating Partnership). The Company offers a range of real estate services to its customers. The Company offers services, including asset management, construction management, design and space planning, and renovation and re-positioning. The Company provides its customers with services, such as build-to-suit construction and space modification, including tenant improvements and expansions.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Office REITs
- Sub-Industry: Office REITs
- Symbol: NYSE:HIW
- CUSIP: 43128410
- Web: www.highwoods.com
- Market Cap: $5.36 billion
- Outstanding Shares: 103,236,000
- 50 Day Moving Avg: $52.28
- 200 Day Moving Avg: $51.27
- 52 Week Range: $45.83 - $53.34
Sales & Book Value:
- Trailing P/E Ratio: 41.44
- Foreward P/E Ratio: 38.21
- P/E Growth: 5.19
- Annual Revenue: $683.61 million
- Price / Sales: 7.85
- Book Value: $20.95 per share
- Price / Book: 2.48
- Annual Dividend: $1.76
- Dividend Yield: 3.4%
- EBITDA: $366.8 million
- Net Margins: 18.79%
- Return on Equity: 5.96%
- Return on Assets: 2.82%
- Debt-to-Equity Ratio: 0.92%
- Current Ratio: 1.20%
- Quick Ratio: 1.20%
- Average Volume: 447,251 shs.
- Beta: 0.89
- Short Ratio: 1.94
Frequently Asked Questions for Highwoods Properties (NYSE:HIW)
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 Thursday, October 19th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.44 per share on Tuesday, December 5th. This represents a $1.76 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, November 13th. View Highwoods Properties' Dividend History.
How were Highwoods Properties' earnings last quarter?
Highwoods Properties, Inc. (NYSE:HIW) issued its quarterly earnings data on Tuesday, July, 25th. The company reported $0.90 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.59. The company had revenue of $177.28 million for the quarter, compared to the consensus estimate of $172.28 million. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. View Highwoods Properties' Earnings History.
When will Highwoods Properties make its next earnings announcement?
What guidance has Highwoods Properties issued on next quarter's earnings?
Highwoods Properties updated its FY17 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $3.33-3.38 for the period, compared to the Thomson Reuters consensus estimate of $3.36.
Where is Highwoods Properties' stock going? Where will Highwoods Properties' stock price be in 2017?
5 brokers have issued 12-month price objectives for Highwoods Properties' stock. Their forecasts range from $47.00 to $62.00. On average, they anticipate Highwoods Properties' share price to reach $55.50 in the next year. View Analyst Ratings for Highwoods Properties.
Who are some of Highwoods Properties' key competitors?
Some companies that are related to Highwoods Properties include SL Green Realty Corporation (SLG), Hudson Pacific Properties (HPP), Paramount Group (PGRE), Paramount Group (PGRE), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM), Mack-Cali Realty Corporation (CLI), Franklin Street Properties Corp. (FSP), TIER REIT (TIER), Parkway Properties (PKY), NorthStar Realty Europe Corp. (NRE) and City Office REIT (CIO).
Who are Highwoods Properties' key executives?
Highwoods Properties' management team includes the folowing people:
- O. Temple Sloan Jr., Independent Chairman of the Board
- Edward J. Fritsch, President, Chief Executive Officer, Director
- Mark F. Mulhern, Chief Financial Officer, Executive Vice President
- Theodore J. Klinck, Chief Operating and Investment Officer, Executive Vice President
- Jeffrey Douglas Miller, Executive Vice President, General Counsel, Secretary
- Charles A. Anderson, Independent Director
- Gene H. Anderson, Independent Director
- Carlos E. Evans, Independent Director
- David John Hartzell Ph.D., Independent Director
- Sherry A. Kellett CPA, Independent Director
Who owns Highwoods Properties stock?
Highwoods Properties' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Mutual of America Capital Management LLC (0.20%), Robeco Institutional Asset Management B.V. (0.12%), State Treasurer State of Michigan (0.04%), Exane Derivatives (0.01%) and Quantitative Systematic Strategies LLC (0.00%). Company insiders that own Highwoods Properties stock include Edward J Fritsch, Jeffrey Douglas Miller, Mark F Mulhern, Sherry A Kellett and Theodore J Klinck. View Institutional Ownership Trends for Highwoods Properties.
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 Quantitative Systematic Strategies LLC and State Treasurer State of Michigan. Company insiders that have sold Highwoods Properties stock in the last year include Jeffrey Douglas Miller and Theodore J Klinck. View Insider Buying and Selling for Highwoods Properties.
Who bought Highwoods Properties stock? Who is buying Highwoods Properties stock?
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.
What is Highwoods Properties' stock price today?
MarketBeat Community Rating for Highwoods Properties (NYSE HIW)MarketBeat's community ratings are surveys of what our community members think about Highwoods Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Highwoods Properties stock can currently be purchased for approximately $51.96.
Consensus Ratings for Highwoods Properties (NYSE:HIW) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$55.50 (6.81% upside)|Consensus Price Target History for Highwoods Properties (NYSE:HIW)
Analysts' Ratings History for Highwoods Properties (NYSE:HIW)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/3/2017||Bank of America Corporation||Boost Price Target||Buy||$57.00 -> $58.00||Low|
|9/8/2017||Janney Montgomery Scott||Initiated Coverage||Neutral -> Neutral||Low|
|4/19/2017||Stifel Nicolaus||Reiterated Rating||Buy||$55.00||Low|
|2/22/2017||Jefferies Group LLC||Reiterated Rating||Hold||$47.00||N/A|
|1/24/2017||Wood & Company||Reiterated Rating||Buy||$62.00||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|8/3/2016||Oppenheimer Holdings, Inc.||Boost Price Target||Outperform||$55.00 -> $62.00||N/A|
|7/15/2016||SunTrust Banks, Inc.||Boost Price Target||Neutral||$48.00 -> $53.00||N/A|
|7/7/2016||Citigroup Inc.||Boost Price Target||Neutral||$47.00 -> $52.00||N/A|
|6/5/2016||Capital One Financial Corporation||Downgrade||Overweight -> Equal Weight||N/A|
|5/12/2016||Morgan Stanley||Downgrade||Overweight -> Equal||$47.00 -> $50.00||N/A|
|1/7/2016||Barclays PLC||Downgrade||Overweight -> Equal Weight||N/A|
|1/7/2016||Robert W. Baird||Downgrade||Outperform -> Neutral||$47.00||N/A|
|11/13/2015||BB&T Corporation||Initiated Coverage||Hold||$48.00||N/A|
|10/28/2015||DA Davidson||Boost Price Target||Buy||$52.00||N/A|
Earnings History for Highwoods Properties (NYSE:HIW)Earnings History by Quarter for Highwoods Properties (NYSE HIW)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 17||$0.31||$0.90||$172.28 million||$177.28 million||View||N/A|
|4/25/2017||Q1 2017||$0.78||$0.80||$167.20 million||$169.41 million||View||N/A|
|2/7/2017||Q416||$0.82||$0.82||$168.44 million||$167.65 million||View||Listen|
|10/25/2016||Q316||$0.81||$0.82||$169.05 million||$166.30 million||View||N/A|
|8/2/2016||Q2||$0.80||$0.82||$164.24 million||$166.86 million||View||N/A|
|4/26/2016||Q116||$0.79||$0.82||$165.74 million||$164.90 million||View||N/A|
|2/9/2016||Q415||$0.81||$0.82||$170.89 million||$160.13 million||View||N/A|
|10/27/2015||Q315||$0.77||$0.77||$162.56 million||$163.70 million||View||Listen|
|8/4/2015||Q215||$0.76||$0.77||$159.79 million||$161.10 million||View||N/A|
|4/28/2015||Q115||$0.72||$0.72||$156.43 million||$157.30 million||View||N/A|
|2/10/2015||Q414||$0.74||$0.74||$154.86 million||$154.66 million||View||N/A|
|7/29/2014||Q214||$0.73||$0.80||$149.72 million||$152.72 million||View||N/A|
|4/29/2014||Q114||$0.71||$0.66||$145.50 million||$148.45 million||View||N/A|
|2/10/2014||Q413||$0.73||$0.74||$149.84 million||$149.00 million||View||N/A|
|10/30/2013||Q313||$0.70||$0.71||$139.70 million||$147.29 million||View||Listen|
|7/26/2013||Q213||$0.69||$0.70||$137.40 million||$138.50 million||View||Listen|
|2/12/2013||$0.68||$0.68||$130.26 million||$133.90 million||View||N/A|
Earnings Estimates for Highwoods Properties (NYSE:HIW)
2017 EPS Consensus Estimate: $3.34
2018 EPS Consensus Estimate: $3.55
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Highwoods Properties (NYSE:HIW)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||141.94% (Trailing 12 Months of Earnings) |
139.68% (Based on This Year's Estimates)
129.41% (Based on Next Year's Estimates)
Dividend History by Quarter for Highwoods Properties (NYSE HIW)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Highwoods Properties (NYSE:HIW)
Insider Ownership Percentage: 1.90%Insider Trades by Quarter for Highwoods Properties (NYSE:HIW)
Institutional Ownership Percentage: 97.93%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/15/2017||Theodore J Klinck||COO||Sell||10,000||$52.51||$525,100.00|| |
|3/2/2017||Jeffrey Douglas Miller||EVP||Sell||18,409||$52.26||$962,054.34|| |
|3/2/2017||Theodore J Klinck||COO||Sell||1,800||$52.28||$94,104.00|| |
|9/26/2016||Jeffrey Douglas Miller||SVP||Sell||4,214||$52.52||$221,319.28|| |
|7/1/2016||Edward J Fritsch||CEO||Sell||85,822||$52.27||$4,485,915.94|| |
|6/29/2016||Jeffrey Douglas Miller||SVP||Sell||12,000||$51.46||$617,520.00|| |
|6/16/2016||Edward J Fritsch||CEO||Sell||24,656||$49.36||$1,217,020.16|| |
|5/26/2016||Sherry A Kellett||Director||Sell||7,600||$47.32||$359,632.00|| |
|5/9/2016||Mark F Mulhern||CFO||Sell||12,124||$48.75||$591,045.00|| |
|5/9/2016||Theodore J Klinck||COO||Sell||12,397||$48.86||$605,717.42|| |
|3/18/2016||Edward J Fritsch||CEO||Sell||29,323||$47.10||$1,381,113.30|| |
|3/7/2016||Jeffrey Douglas Miller||SVP||Sell||11,744||$46.27||$543,394.88|| |
|6/5/2015||Carlos E Evans||Director||Buy||5,000||$41.33||$206,650.00|| |
|3/2/2015||Jeffrey Douglas Miller||SVP||Sell||19,036||$46.13||$878,130.68|| |
|12/2/2014||Edward J Fritsch||CEO||Sell||63,302||$43.48||$2,752,370.96|| |
|12/1/2014||Edward J Fritsch||CEO||Sell||36,280||$43.46||$1,576,728.80|| |
|8/19/2014||Terry L Stevens||CFO||Sell||11,215||$42.39||$475,403.85|| |
|8/1/2014||Jeffrey Douglas Miller||VP||Sell||4,000||$42.25||$169,000.00|| |
|5/15/2014||David John Hartzell||Director||Sell||10,000||$40.24||$402,400.00|| |
|5/14/2014||Sherry Kellett||Director||Sell||10,000||$41.19||$411,900.00|| |
|5/5/2014||Edward Fritsch||CEO||Sell||106,897||$40.34||$4,312,224.98|| |
|6/17/2013||Gene H Anderson||Director||Sell||63,390||$35.91||$2,276,334.90|| |
|5/7/2013||Michael E Harris||COO||Sell||50,000||$41.06||$2,053,000.00|| |
Headline Trends for Highwoods Properties (NYSE:HIW)
Latest Headlines for Highwoods Properties (NYSE:HIW)
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Highwoods Properties (HIW) Chart for Sunday, October, 22, 2017