Highwoods Properties, Inc. (HIW) to Issue Quarterly Dividend of $0.50 on December 8th

Highwoods Properties, Inc. (NYSE:HIW) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.50 per share by the real estate investment trust on Tuesday, December 8th. This represents a $2.00 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Monday, November 16th.

Highwoods Properties has a 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. Equities analysts expect Highwoods Properties to earn $3.63 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 55.1%.

Highwoods Properties Stock Performance

NYSE:HIW opened at $30.54 on Friday. Highwoods Properties has a 1-year low of $20.45 and a 1-year high of $35.44. The firm has a 50-day moving average of $30.26 and a two-hundred day moving average of $29.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market cap of $3.37 billion, a P/E ratio of 20.09 and a beta of 1.06.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%. The business had revenue of $216.38 million for the quarter, compared to analysts’ expectations of $212.15 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Highwoods Properties’s revenue for the quarter was up 7.9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. On average, research analysts expect that Highwoods Properties will post 3.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Highwoods Properties

A number of hedge funds have recently added to or reduced their stakes in HIW. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Highwoods Properties during the 3rd quarter worth approximately $575,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Highwoods Properties by 13.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,487 shares of the real estate investment trust’s stock worth $769,000 after purchasing an additional 3,103 shares during the last quarter. Pension & Wealth Management Advisors Inc. acquired a new position in Highwoods Properties during the 3rd quarter valued at approximately $28,000. NorthCrest Asset Manangement LLC acquired a new position in Highwoods Properties during the 3rd quarter valued at approximately $449,000. Finally, GAMMA Investing LLC boosted its position in Highwoods Properties by 16.2% during the 3rd quarter. GAMMA Investing LLC now owns 8,204 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 1,144 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

About Highwoods Properties

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. Its portfolio includes office towers, campuses and mixed-use assets designed to serve businesses across a range of industries.

The company focuses on select high-growth markets in the U.S. Sun Belt, including Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond and Tampa. In addition to leasing office space, Highwoods provides property management, development and tenant-support services for its buildings and commercial real estate customers.

Highwoods Properties is headquartered in Raleigh, North Carolina.