NEW YORK ( TheStreet) -- The ex-dividend date for Highwoods Properties (NYSE: HIW) is tomorrow, May 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $34.38 as of 9:30 a.m. ET, the dividend yield is 4.9%. The average volume for Highwoods has been 797,400 shares per day over the past 30 days. Highwoods has a market cap of $2.55 billion and is part of the financial sector and real estate industry. Shares are up 16.4% 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 66.4, above the average real estate industry P/E ratio of 54.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Highwoods as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full Highwoods Ratings Report. See our dividend calendar or top-yielding stocks list.