Highwoods Properties, Inc. (NYSE:HIW – Get Free Report) announced a quarterly dividend on Wednesday, July 17th, Wall Street Journal reports. Shareholders of record on Monday, August 19th will be paid a dividend of 0.50 per share by the real estate investment trust on Tuesday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend is Monday, August 19th.
Highwoods Properties has increased its dividend by an average of 1.4% per year over the last three years. Highwoods Properties has a payout ratio of 344.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Highwoods Properties to earn $3.55 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 56.3%.
Highwoods Properties Stock Down 0.8 %
Shares of NYSE:HIW opened at $31.70 on Friday. Highwoods Properties has a one year low of $17.06 and a one year high of $32.22. The firm has a fifty day moving average price of $28.01 and a two-hundred day moving average price of $26.01. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 25.98 and a beta of 1.26.
Analyst Ratings Changes
A number of research analysts recently commented on HIW shares. Truist Financial increased their target price on Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Highwoods Properties from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Robert W. Baird lifted their target price on shares of Highwoods Properties from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.86.
View Our Latest Research Report on Highwoods Properties
Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.
See Also
- Five stocks we like better than Highwoods Properties
- How to Invest in Insurance Companies: A Guide
- This Small Cap Wealth Management Stock Could Provide Big Returns
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- What is a Death Cross in Stocks?
- MarketBeat Week in Review – 8/12 – 8/16
Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.