Highwoods Properties, Inc. (HIW)
Stock Price:
$38.04 USD
-0.04 (-0.11%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed
Key Info
| Market Cap |
3.95B |
| Revenue (ttm) |
759.49M |
| Net Income (ttm) |
312.74M |
| Shares Out |
103.90M |
| EPS (ttm) |
2.99 |
| PE Ratio |
12.72 |
| Forward PE |
24.39 |
| Dividend |
$1.92 |
| Dividend Yield |
5.05% |
Stock Quote
| Trading Day |
Aug 14, 2020 |
| Last Price |
$38.04 |
| Previous Close |
$38.08 |
| Change ($) |
-0.04 |
| Change (%) |
-0.11% |
| Day's Open |
38.01 |
| Day's Range |
37.91 - 38.68 |
| Day's Volume |
524,544 |
| 52-Week Range |
25.10 - 52.76 |
More Stats
| Market Cap |
3.95B |
| Enterprise Value |
6.28B |
| Earnings Date (est) |
Oct 27, 2020 |
| Ex-Dividend Date |
Aug 14, 2020 |
| Shares Outstanding |
103.90M |
| Float |
102.58M |
| EPS (basic) |
3 |
| EPS (diluted) |
2.99 |
| FCF / Share |
4.38 |
| Dividend |
$1.92 |
| Dividend Yield |
5.05% |
| Earnings Yield |
7.86% |
| FCF Yield |
11.51% |
| Payout Ratio |
n/a |
| Shares Short |
981,224 |
| Short Ratio |
1.34 |
| Short % of Float |
1.30% |
| Beta |
0.98 |
| PE Ratio |
12.72 |
| Forward PE |
24.39 |
| P/FCF Ratio |
8.69 |
| PS Ratio |
5.20 |
| PB Ratio |
1.75 |
| Revenue |
759.49M |
| Operating Income |
400.29M |
| Net Income |
312.74M |
| Free Cash Flow |
454.73M |
| Net Cash |
-2.32B |
| Net Cash / Share |
-22.37 |
| Gross Margin |
64.62% |
| Operating Margin |
52.70% |
| Profit Margin |
41.10% |
| FCF Margin |
59.87% |
| ROA |
2.90% |
| ROE |
13.52% |
| ROIC |
n/a |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Summary
Analyst Ratings (11)
| Buy |
5 |
| Overweight |
2 |
| Hold |
4 |
| Underweight |
0 |
| Sell |
0 |
Price Target
$44.27*
(16.38% upside)
Low
37.0
Current: $38.04
High
50.0
Target: 44.27
*Average 12-month price target from 11 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 736 | 720 | 703 | 666 | 605 | 556 | 505 | 485 | 432 | 441 |
| Revenue Growth | 2.21% | 2.46% | 5.57% | 10.08% | 8.78% | 10.07% | 4.12% | 12.29% | -2.01% | - |
| Gross Profit | 487 | 478 | 466 | 435 | 389 | 350 | 321 | 308 | 275 | 285 |
| Operating Income | 223 | 245 | 251 | 176 | 149 | 134 | 122 | 125 | 111 | 122 |
| Net Income | 137 | 172 | 185 | 524 | 97.08 | 111 | 125 | 79.60 | 45.13 | 68.50 |
| Shares Outstanding | 104 | 103 | 103 | 98.44 | 94.40 | 90.74 | 85.34 | 75.81 | 72.28 | 71.58 |
| Earnings Per Share | 1.30 | 1.64 | 1.78 | 5.30 | 1.00 | 1.19 | 1.44 | 1.02 | 0.54 | 0.86 |
| EPS Growth | -20.73% | -7.87% | -66.42% | 430% | -15.97% | -17.36% | 41.18% | 88.89% | -37.21% | - |
| Dividend Per Share | 1.90 | 1.85 | 2.20 | 1.70 | 1.70 | 1.70 | 2.13 | 1.70 | 1.70 | 1.70 |
| Dividend Growth | 2.65% | -15.86% | 29.41% | 0% | 0% | -20% | 25% | 0% | 0% | - |
| Operating Cash Flow | 366 | 359 | 353 | 306 | 289 | 267 | 256 | 193 | 195 | 191 |
| Capital Expenditures | -175 | -251 | -195 | 334 | -281 | -175 | 63.12 | 23.73 | -91.34 | -75.64 |
| Free Cash Flow | 190 | 107 | 158 | 640 | 7.58 | 91.70 | 320 | 217 | 104 | 115 |
| Cash & Equivalents | 14.74 | 10.14 | 88.33 | 78.63 | 21.81 | 23.43 | 24.35 | 33.49 | 37.85 | 18.61 |
| Total Debt | 2,544 | 2,086 | 2,014 | 1,948 | 2,492 | 2,071 | 1,983 | 1,889 | 1,899 | 1,556 |
| Net Cash / Debt | -2,529 | -2,076 | -1,926 | -1,869 | -2,470 | -2,048 | -1,959 | -1,855 | -1,861 | -1,537 |
| Assets | 5,138 | 4,675 | 4,624 | 4,561 | 4,486 | 3,999 | 3,807 | 3,350 | 3,181 | 2,872 |
| Liabilities | 2,831 | 2,305 | 2,243 | 2,262 | 2,740 | 2,318 | 2,202 | 2,061 | 2,083 | 1,663 |
| Book Value | 2,019 | 2,141 | 2,076 | 1,992 | 1,475 | 1,403 | 1,371 | 1,035 | 872 | 963 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
Highwoods Properties, Inc. |
| Country |
United States |
| Employees |
431 |
| CEO |
Theodore J. Klinck |
Stock Information
| Ticker Symbol |
HIW |
| Stock Exchange |
New York Stock Exchange |
| Sector |
Real Estate |
| Industry |
REIT—Office |
| Unique Identifier |
NYSE: HIW |
| IPO Date |
June 7, 1994 |
Description
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.