Highwoods Properties (NYSE:HIW – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $3.92-$4.00 for the period. The company issued revenue guidance of -.
Highwoods Properties Stock Performance
Shares of Highwoods Properties stock traded up $0.50 during mid-day trading on Friday, hitting $35.57. 756,513 shares of the stock were exchanged, compared to its average volume of 778,224. Highwoods Properties has a 12 month low of $32.62 and a 12 month high of $48.82. The company has a 50-day simple moving average of $35.51 and a 200 day simple moving average of $40.51. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $3.74 billion, a P/E ratio of 12.57, a P/E/G ratio of 2.29 and a beta of 1.10.
Highwoods Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 13th. Shareholders of record on Monday, August 22nd will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 19th. This represents a $2.00 annualized dividend and a dividend yield of 5.62%. Highwoods Properties’s dividend payout ratio is currently 70.67%.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of HIW. State Street Corp grew its stake in Highwoods Properties by 14.0% in the 1st quarter. State Street Corp now owns 6,343,699 shares of the real estate investment trust’s stock valued at $290,161,000 after buying an additional 781,475 shares in the last quarter. Vanguard Group Inc. grew its stake in Highwoods Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 15,829,467 shares of the real estate investment trust’s stock valued at $724,040,000 after buying an additional 699,104 shares in the last quarter. Northern Trust Corp grew its stake in Highwoods Properties by 30.9% in the 1st quarter. Northern Trust Corp now owns 2,086,478 shares of the real estate investment trust’s stock valued at $95,435,000 after buying an additional 492,851 shares in the last quarter. Invesco Ltd. grew its stake in Highwoods Properties by 60.4% in the 1st quarter. Invesco Ltd. now owns 650,921 shares of the real estate investment trust’s stock valued at $29,773,000 after buying an additional 245,130 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC grew its stake in Highwoods Properties by 34.2% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 669,673 shares of the real estate investment trust’s stock valued at $30,631,000 after buying an additional 170,613 shares in the last quarter. 98.16% of the stock is currently owned by hedge funds and other institutional investors.
About Highwoods Properties
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
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