NEW YORK ( TheStreet) -- The ex-dividend date for Highwoods Properties Inc (NYSE: HIW) is tomorrow, November 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $31.01 as of 9:30 a.m. ET, the dividend yield is 5.5%. The average volume for Highwoods has been 1.2 million shares per day over the past 30 days. Highwoods has a market cap of $2.2 billion and is part of the financial sector and real estate industry. Shares are down 3.1% year to date as of the close of trading on Monday. 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 65.7, above the average real estate industry P/E ratio of 61.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Highwoods as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Highwoods Ratings Report. See our dividend calendar or top-yielding stocks list.