Highwoods Properties

Dividend Yield: 4.70%

Highwoods Properties (NYSE: HIW) shares currently have a dividend yield of 4.70%.

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 48.99.

The average volume for Highwoods Properties has been 650,000 shares per day over the past 30 days. Highwoods Properties has a market cap of $3.3 billion and is part of the real estate industry. Shares are up 8.4% year-to-date as of the close of trading on Tuesday.

TheStreet Ratings rates Highwoods Properties as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:
  • HIW's revenue growth has slightly outpaced the industry average of 9.6%. Since the same quarter one year prior, revenues rose by 15.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • HIGHWOODS PROPERTIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, HIGHWOODS PROPERTIES INC increased its bottom line by earning $0.53 versus $0.41 in the prior year. This year, the market expects an improvement in earnings ($0.96 versus $0.53).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 58.8% when compared to the same quarter one year prior, rising from $33.98 million to $53.98 million.
  • Net operating cash flow has significantly increased by 55.70% to $69.59 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 8.47%.

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