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Last $41.94 USD
Change Today -0.16 / -0.38%
Volume 635.0K
HIW On Other Exchanges
Symbol
Exchange
Munich
As of 8:04 PM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

highwoods properties inc (HIW) Snapshot

Open
$41.99
Previous Close
$42.10
Day High
$42.30
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
673.3K
EPS TTM
$1.28
Shares Outstanding
94.1M
EX-Date
05/18/15
P/E TM
32.8x
Dividend
$1.70
Dividend Yield
4.05%
Current Stock Chart for HIGHWOODS PROPERTIES INC (HIW)

highwoods properties inc (HIW) Related Businessweek News

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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 Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revised FFO Guidance for the Year 2015

Highwoods Properties Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported rental and other revenues of $157,310,000 against $148,453 a year ago. Income from continuing operations was $20,835 against $13,192,000 a year ago. Net income attributable to commons stockholders was $19,316,000 or $0.21 per basic and diluted share against $12,128,000 or $0.13 per basic and diluted share a year ago. FFO for commons stockholders was $68,971,000 or $0.72 per share against $61,164,000 or $0.66 per share a year ago. The primary drivers for the growth in FFO related to same property NOI from increasing occupancy and contributions from value-added acquisitions, slightly offset by lost NOI from dispositions. The company raised the midpoint of 2015 FFO outlook by $0.01, mostly as a result of the land sale gain. The guidance range is now $2.97 to $3.07 per share with a midpoint of $3.02 per share. The company reiterates full year, same-store cash NOI growth guidance of a healthy 5.5% to 6.5%. But it expects quarterly same-store results to be lumpy.

Highwoods Properties, Inc. Announces Executive Changes

Highwoods Properties Inc. announced that Mike Harris, 65, will retire as chief operating officer on August 31, 2015. Upon Mike's retirement, Ted Klinck, 49, will become chief operating and investment officer. The company also announced that David Doubman, 36, has been promoted to vice president, operations and analysis. The company noted that Klinck will be heavily supported by its operations and development teams. The company's operations team is led by Mike Starchville, vice president of asset management, and David Doubman, who has been promoted to vice president, operations and analysis. Starchville, 54, an experienced mechanical engineer and seasoned operations expert who joined Highwoods in 2008, has implemented and oversees a broad range of operational best practices and engineering/mechanical enhancements across the company’s portfolio. Doubman, who joined Highwoods in 2010, is also a mechanical engineer.

Highwoods Properties Declares a Cash Dividend on Common Stock for the Quarter Ended March 31, 2015, Payable on June 9, 2015; Declares Cash Dividend on 8 5/8% Series A Cumulative Redeemable Preferred Stock, Payable on June 1, 2015

Highwoods Properties Board of Directors declared a cash dividend of $0.425 per share of common stock for the quarter ended March 31, 2015, which equates to an annual dividend of $1.70 per share. This quarterly dividend is payable on June 9, 2015 to shareholders of record as of May 20, 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 June 1, 2015, which is the next regularly scheduled dividend payment date, to shareholders of record as of May 15, 2015.

 

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Industry Analysis

HIW

Industry Average

Valuation HIW Industry Range
Price/Earnings 34.4x
Price/Sales 6.3x
Price/Book 2.6x
Price/Cash Flow 12.5x
TEV/Sales 2.7x
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