Highwoods Properties, Inc. (HIW) is currently priced at $24.59, showing an increase of 51 cents (2.12%) from the previous close of $24.08. Trading volume is notable at $643,678, representing a 45.54% increase compared to the average.
In the latest quarterly earnings report on April 27th, HIW exceeded expectations with an earnings per share (EPS) of 26 cents, surpassing the consensus estimate of 0.1075.
HIW offers a forward dividend yield of 8.13%, with a dividend per share MRQ of 50 cents. The company has a consistent dividend payout, reflecting financial stability.
The company showcases strong financial health with positive cash flows. Operating cash flow stands at $101.5 million, with a net change in cash of $1.31 million. Debt repayment of $-151.57 million demonstrates prudent financial management.
HIW reported a revenue of $203.36 million and a net income of $29.23 million. The company maintains a healthy gross profit margin of 67.17% and an operating income of $53 million.
Key financial ratios reveal HIW's solid performance, including a net profit margin of 14.38% and return on equity of 1.23. The price-to-earnings ratio is at 24.27, indicating investor confidence in the company.
With total assets of $6.27 billion and total liabilities of $3.84 billion, HIW maintains a strong financial position. The company has a net debt of $3.61 billion, indicating efficient debt management.
This report highlights HIW's positive price movement, robust financial performance, and prudent financial management, making it an attractive asset for investors.
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.