Highwoods Properties Company Profile (NYSE:HIW)

About Highwoods Properties (NYSE:HIW)

Highwoods Properties logoHighwoods 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
Capitalization:
  • Market Cap: $5.36414 billion
  • Outstanding Shares: 103,236,000
Average Prices:
  • 50 Day Moving Avg: $52.28
  • 200 Day Moving Avg: $51.27
  • 52 Week Range: $45.83 - $53.34
P/E:
  • Trailing P/E Ratio: 41.44
  • Foreward P/E Ratio: 14.85
  • P/E Growth: 5.19
Sales & Book Value:
  • Annual Revenue: $683.61 million
  • Price / Sales: 7.85
  • Book Value: $20.95 per share
  • Price / Book: 2.48
Dividend:
  • Annual Dividend: $1.76
  • Dividend Yield: 3.4%
Profitability:
  • EBITDA: $366.8 million
  • Net Margins: 18.79%
  • Return on Equity: 5.96%
  • Return on Assets: 2.82%
Debt:
  • Debt-to-Equity Ratio: 0.92%
  • Current Ratio: 1.20%
  • Quick Ratio: 1.20%
Misc:
  • Average Volume: 445,929 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 announced a quarterly dividend on Thursday, October 19th. Stockholders of record on Tuesday, November 14th will be given 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) posted its quarterly earnings data on Tuesday, July, 25th. The company reported $0.90 EPS for the quarter, topping the Zacks' consensus estimate of $0.31 by $0.59. The company earned $177.28 million during the quarter, compared to analyst estimates of $172.28 million. Highwoods Properties had a net margin of 18.79% and a return on equity of 5.96%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. View Highwoods Properties' Earnings History.

When will Highwoods Properties make its next earnings announcement?

Highwoods Properties is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Highwoods Properties.

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 (EPS) 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 analysts have issued twelve-month target prices for Highwoods Properties' stock. Their predictions range from $47.00 to $62.00. On average, they anticipate Highwoods Properties' stock price to reach $55.50 in the next twelve months. View Analyst Ratings for Highwoods Properties.

Who are some of Highwoods Properties' key competitors?

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 a number of of retail and institutional investors. Top institutional investors 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?

Highwoods Properties' stock was bought by a variety of institutional investors in the last quarter, including Exane Derivatives, Mutual of America Capital Management LLC and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling for Highwoods Properties.

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?

One share of Highwoods Properties stock can currently be purchased for approximately $51.96.


MarketBeat Community Rating for Highwoods Properties (NYSE HIW)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  139 (Vote Outperform)
Underperform Votes:  161 (Vote Underperform)
Total Votes:  300
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.

Analyst Ratings

Consensus Ratings for Highwoods Properties (NYSE:HIW) (How are Consensus Ratings Calculated?)
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)
Price Target History for Highwoods Properties (NYSE:HIW)
Analysts' Ratings History for Highwoods Properties (NYSE:HIW)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/3/2017Bank of America CorporationBoost Price TargetBuy$57.00 -> $58.00LowView Rating Details
9/8/2017Janney Montgomery ScottInitiated CoverageNeutral -> NeutralLowView Rating Details
4/19/2017Stifel NicolausReiterated RatingBuy$55.00LowView Rating Details
2/22/2017Jefferies Group LLCReiterated RatingHold$47.00N/AView Rating Details
1/24/2017Wood & CompanyReiterated RatingBuy$62.00N/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
8/3/2016Oppenheimer Holdings, Inc.Boost Price TargetOutperform$55.00 -> $62.00N/AView Rating Details
7/15/2016SunTrust Banks, Inc.Boost Price TargetNeutral$48.00 -> $53.00N/AView Rating Details
7/7/2016Citigroup Inc.Boost Price TargetNeutral$47.00 -> $52.00N/AView Rating Details
6/5/2016Capital One Financial CorporationDowngradeOverweight -> Equal WeightN/AView Rating Details
5/12/2016Morgan StanleyDowngradeOverweight -> Equal$47.00 -> $50.00N/AView Rating Details
1/7/2016Barclays PLCDowngradeOverweight -> Equal WeightN/AView Rating Details
1/7/2016Robert W. BairdDowngradeOutperform -> Neutral$47.00N/AView Rating Details
11/13/2015BB&T CorporationInitiated CoverageHold$48.00N/AView Rating Details
10/28/2015DA DavidsonBoost Price TargetBuy$52.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Highwoods Properties (NYSE:HIW)
Earnings by Quarter for Highwoods Properties (NYSE:HIW)
Earnings History by Quarter for Highwoods Properties (NYSE HIW)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/24/2017$0.30N/AView Earnings Details
7/25/2017Q2 17$0.31$0.90$172.28 million$177.28 millionViewN/AView Earnings Details
4/25/2017Q1 2017$0.78$0.80$167.20 million$169.41 millionViewN/AView Earnings Details
2/7/2017Q416$0.82$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
8/2/2016Q2$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$154.86 million$154.66 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)

Estimates

Earnings Estimates for Highwoods Properties (NYSE:HIW)
2017 EPS Consensus Estimate: $3.34
2018 EPS Consensus Estimate: $3.55
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175$0.77$0.80$0.79
Q2 20175$0.84$0.87$0.85
Q3 20175$0.84$0.85$0.85
Q4 20175$0.84$0.89$0.86
Q1 20184$0.83$0.88$0.85
Q2 20184$0.88$0.92$0.89
Q3 20184$0.88$0.90$0.89
Q4 20184$0.90$0.93$0.91
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Highwoods Properties (NYSE:HIW)
Next Dividend:12/5/2017
Annual Dividend:$1.76
Dividend Yield:3.39%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:141.94% (Trailing 12 Months of Earnings)
52.07% (Based on This Year's Estimates)
50.29% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Highwoods Properties (NYSE:HIW)

Dividend History by Quarter for Highwoods Properties (NYSE HIW)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/19/2017quarterly$0.443.39%11/13/201711/14/201712/5/2017
8/2/2017quarterly$0.443.46%8/10/20178/14/20179/6/2017
4/20/2017quarterly$0.443.41%5/15/20175/17/20176/6/2017
2/7/2017quarterly$0.443.54%2/15/20172/17/20173/7/2017
12/14/2016special$0.803.46%12/22/201612/27/20161/10/2017
10/20/2016quarterly$0.433.4%11/9/201611/14/201612/6/2016
7/27/2016quarterly$0.433.09%8/11/20168/15/20169/7/2016
4/22/2016quarterly$0.433.64%5/16/20165/18/20166/7/2016
1/27/2016quarterly$0.434.13%2/12/20162/17/20163/8/2016
10/15/2015quarterly$0.434.07%11/12/201511/16/201512/8/2015
7/29/2015quarterly$0.434.05%8/13/20158/17/20159/9/2015
4/17/2015quarterly$0.433.8%5/18/20155/20/20156/9/2015
4/16/2015quarterly$0.435/20/20157/9/2015
1/29/2015quarterly$0.433.56%2/13/20152/18/20153/10/2015
10/16/2014quarterly$0.434.21%11/13/201411/17/201412/9/2014
7/24/2014quarterly$0.434.05%8/14/20148/18/20149/9/2014
4/16/2014quarterly$0.434.39%5/16/20145/20/20146/10/2014
2/5/2014quarterly$0.434.61%2/13/20142/18/20143/11/2014
10/17/2013quarterly$0.434.5%11/6/201311/11/201312/3/2013
7/31/2013quarterly$0.434.67%8/15/20138/19/20139/10/2013
4/18/2013quarterly$0.434.21%5/20/20135/22/20136/11/2013
1/30/2013quarterly$0.434.72%2/13/20132/18/20133/12/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Highwoods Properties (NYSE:HIW)
Insider Ownership Percentage: 1.90%
Institutional Ownership Percentage: 97.93%
Insider Trades by Quarter for Highwoods Properties (NYSE:HIW)
Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)
Insider Trades by Quarter for Highwoods Properties (NYSE:HIW)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/15/2017Theodore J KlinckCOOSell10,000$52.51$525,100.00View SEC Filing  
3/2/2017Jeffrey Douglas MillerEVPSell18,409$52.26$962,054.34View SEC Filing  
3/2/2017Theodore J KlinckCOOSell1,800$52.28$94,104.00View SEC Filing  
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)

Headlines

Headline Trends for Highwoods Properties (NYSE:HIW)
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Chart

Highwoods Properties (HIW) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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