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Last $41.93 USD
Change Today -0.18 / -0.43%
Volume 674.3K
HIW On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

highwoods properties inc (HIW) Snapshot

Open
$41.97
Previous Close
$42.11
Day High
$42.17
Day Low
$41.76
52 Week High
02/3/15 - $48.34
52 Week Low
09/25/14 - $38.42
Market Cap
3.9B
Average Volume 10 Days
580.9K
EPS TTM
$1.28
Shares Outstanding
94.1M
EX-Date
08/13/15
P/E TM
32.8x
Dividend
$1.70
Dividend Yield
4.05%
Current Stock Chart for HIGHWOODS PROPERTIES INC (HIW)

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highwoods properties inc (HIW) Details

Highwoods Properties, Inc. is a real estate investment trust. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It invests in the real estate markets of United States. The trust’s portfolio includes office, industrial, and retail properties. Highwoods Properties was founded in 1978 and is based in Raleigh, North Carolina.

432 Employees
Last Reported Date: 02/10/15
Founded in 1978

highwoods properties inc (HIW) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $756.7K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $112.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $442.3K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $332.0K
Chief Investment Officer and Senior Vice Pres...
Total Annual Compensation: $325.8K
Compensation as of Fiscal Year 2014.

highwoods properties inc (HIW) Key Developments

Highwoods Properties Declares Dividend on Common Stock for the Quarter Ended June 30, 2015, Payable on September 9, 2015; Declares Dividend on 8 5/8% Series A Cumulative Redeemable Preferred Stock, Payable on August 31, 2015

Highwoods Properties Board of Directors declared a cash dividend of $0.425 per share of common stock for the quarter ended June 30, 2015, which equates to an annual dividend of $1.70 per share. This quarterly dividend is payable on September 9, 2015 to shareholders of record as of August 17, 2015. The Board also declared a cash dividend of $21.5625 per share of the company's 8 5/8% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on August 31, 2015, which is the next regularly scheduled dividend payment date, to shareholders of record as of August 17, 2015.

Highwoods Properties Inc. Amends Unsecured Bank Term Loan

Highwoods Properties Inc. amended $225.0 million, seven-year unsecured bank term loan, which was scheduled to mature in January 2019. The company increased the borrowed amount to $350.0 million and used the $125.0 million of incremental new proceeds to repay amounts outstanding under $475.0 million unsecured revolving credit facility. The amended term loan is now scheduled to mature in June 2020 and the interest rate, based on current credit ratings, was reduced from LIBOR plus 175 basis points to LIBOR plus 110 basis points. The financial and other covenants under the amended term loan are unchanged.

Highwoods Properties Seeks Acquisitions

Highwoods Properties Inc. (NYSE:HIW) is looking for acquisitions. Ed Fritsch, President and Chief Executive Officer of Highwoods Properties, said, "We are pleased to recast and extend this unsecured bank term loan and appreciate the continued confidence shown in Highwoods by our participating lending partners. We proactively decided to increase the size of the new term loan, further strengthening our ability to capitalize on development and acquisition opportunities."

 

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HIW:US $41.93 USD -0.18

HIW Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alexander & Baldwin Inc $37.68 USD -0.20
AV Homes Inc $14.45 USD +0.11
Homefed Corp $41.99 USD -1.01
Tejon Ranch Co $24.65 USD -0.10
Howard Hughes Corp/The $135.23 USD -0.27
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Industry Analysis

HIW

Industry Average

Valuation HIW Industry Range
Price/Earnings 34.5x
Price/Sales 6.3x
Price/Book 2.6x
Price/Cash Flow 12.5x
TEV/Sales 2.7x
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