Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
Highwoods Properties Price Performance
NYSE:HIW traded up $0.14 during trading hours on Tuesday, reaching $35.20. 27,677 shares of the company's stock were exchanged, compared to its average volume of 805,599. The company has a market capitalization of $3.70 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08. Highwoods Properties has a 12 month low of $32.62 and a 12 month high of $47.66. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.12. The business's 50-day simple moving average is $34.51 and its two-hundred day simple moving average is $39.66.
Highwoods Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 13th. Investors of record on Monday, August 22nd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend is Friday, August 19th. Highwoods Properties's payout ratio is 73.26%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on HIW shares. TheStreet cut shares of Highwoods Properties from a "b-" rating to a "c+" rating in a research report on Friday, June 17th. StockNews.com upgraded shares of Highwoods Properties from a "hold" rating to a "buy" rating in a research note on Monday. Truist Financial cut their target price on shares of Highwoods Properties from $48.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Jefferies Financial Group lowered shares of Highwoods Properties from a "buy" rating to a "hold" rating and cut their target price for the company from $46.00 to $35.00 in a research note on Thursday, June 30th. Finally, Wells Fargo & Company decreased their target price on shares of Highwoods Properties from $55.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, July 1st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Highwoods Properties currently has an average rating of "Moderate Buy" and a consensus price target of $39.57.