NYSE:HIWOffice REITs
Highwoods Buyback Plan Shifts Capital From Non Core Assets To Shares
Highwoods Properties (NYSE:HIW) has authorized a $250 million share repurchase program.
The company plans to fund the buybacks through sales of non core assets in its portfolio.
The move reflects a shift in how Highwoods is choosing to allocate capital between assets and its own shares.
Highwoods Properties enters this announcement with its shares recently closing at $23.74. The stock is up 2.4% over the past week and 11.7% over the past month, while the year to date return stands at a...