NEW YORK ( TheStreet) -- The ex-dividend date for Highwoods Properties Inc (NYSE: HIW) is tomorrow, May 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $35.60 as of 9:31 a.m. ET, the dividend yield is 4.8%. The average volume for Highwoods has been 740,000 shares per day over the past 30 days. Highwoods has a market cap of $2.6 billion and is part of the financial sector and real estate industry. Shares are up 12% year to date as of the close of trading on Tuesday. 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 company has a P/E ratio of 40.9, below the average real estate industry P/E ratio of 48.7 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Highwoods as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Highwoods Ratings Report. See our dividend calendar or top-yielding stocks list.