Highwoods Properties, Inc. Announces Quarterly Dividend of $0.50 (NYSE:HIW)

Highwoods Properties, Inc. (NYSE:HIW) announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Monday, May 18th will be paid a dividend of 0.50 per share by the real estate investment trust on Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, May 18th.

Highwoods Properties has increased its dividend by an average of 0.0%per year over the last three years. Highwoods Properties has a dividend payout ratio of 289.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Highwoods Properties to earn $3.68 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 54.3%.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $23.73 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $2.62 billion, a PE ratio of 16.25 and a beta of 1.05. The stock has a 50-day moving average of $22.29 and a 200-day moving average of $25.63. Highwoods Properties has a one year low of $20.45 and a one year high of $32.76.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.58). The company had revenue of $203.36 million during the quarter, compared to the consensus estimate of $208.08 million. Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. The business’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. As a group, sell-side analysts expect that Highwoods Properties will post 3.55 earnings per share for the current year.

Highwoods Properties announced that its Board of Directors has approved a share repurchase plan on Wednesday, April 22nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

About Highwoods Properties

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.