Highwoods Properties Company Profile (NYSE:HIW)

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

Highwoods Properties announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Monday, August 14th will be paid a dividend of $0.44 per share on Wednesday, September 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, August 10th. View Highwoods Properties' Dividend History.

Highwoods Properties, Inc. (NYSE:HIW) released its quarterly earnings data on Tuesday, July, 25th. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.59. The company earned $177.28 million during the quarter, compared to analysts' expectations of $172.28 million. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. Highwoods Properties's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. View Highwoods Properties' Earnings History.

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

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.

4 analysts have issued 1 year price targets for Highwoods Properties' shares. Their forecasts range from $47.00 to $62.00. On average, they expect Highwoods Properties' stock price to reach $54.67 in the next year. View Analyst Ratings for Highwoods Properties.

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

• 1. According to Zacks Investment Research, "Recently, Highwoods has been selected by Mars Petcare for developing the latter’s U.S. headquarters at Ovation in the Cool Springs district of Franklin, TN. Moreover, in Feb 2016, the company reported in-line fourth-quarter 2016 funds from operations (FFO) per share. Results reflected strong growth in same-property net operating income (NOI). 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. However, exposure to office assets and risks associated with huge development pipeline add its woes. Also, rate hike adds to its woes." (3/7/2017)
• 2. 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)

Some companies that are related to Highwoods Properties include SL Green Realty Corporation (SLG), Hudson Pacific Properties (HPP), Gramercy Property Trust (GPT), Paramount Group (PGRE), Equity Commonwealth (EQC), Paramount Group (PGRE), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM), Mack-Cali Realty Corporation (CLI), Parkway Properties (PKY), Franklin Street Properties Corp. (FSP), TIER REIT (TIER), NorthStar Realty Europe Corp. (NRE) and City Office REIT (CIO).

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

Highwoods Properties' stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.77%), BlackRock Inc. (11.48%), FMR LLC (4.69%), Daiwa Securities Group Inc. (4.41%), State Street Corp (4.20%) and Bank of New York Mellon Corp (4.05%). 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.

Highwoods Properties' stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Principal Financial Group Inc., Voya Investment Management LLC, Monarch Partners Asset Management LLC, FMR LLC, Royal Bank of Canada, Westwood Holdings Group Inc. and Ameriprise Financial Inc.. 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.

Highwoods Properties' stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, JPMorgan Chase & Co., Rothschild Asset Management Inc., Franklin Resources Inc., Koch Industries Inc., Eagle Asset Management Inc., Daiwa Securities Group Inc. and Vanguard Group Inc.. View Insider Buying and Selling for Highwoods Properties.

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.

One share of Highwoods Properties stock can currently be purchased for approximately $52.08.