About Highwoods Properties
Highwoods 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
- 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%
Companies Related to Highwoods Properties:
- Debt-to-Equity Ratio: 0.92%
- Current Ratio: 0.88%
- Quick Ratio: 0.88%
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.