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. More Details
6 star dividend payer and fair value.
Share Price & News
How has Highwoods Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HIW is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HIW's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: HIW underperformed the US REITs industry which returned 34.1% over the past year.
Return vs Market: HIW underperformed the US Market which returned 46% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Highwoods Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StHave Insiders Been Buying Highwoods Properties, Inc. (NYSE:HIW) Shares This Year?
1 month ago | Simply Wall StHere's Why We Think Highwoods Properties (NYSE:HIW) Is Well Worth Watching
2 months ago | Simply Wall StShould You Be Excited About Highwoods Properties, Inc.'s (NYSE:HIW) 14% Return On Equity?
Is Highwoods Properties undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HIW ($43.45) is trading below our estimate of fair value ($55.74)
Significantly Below Fair Value: HIW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HIW is good value based on its PE Ratio (21.1x) compared to the US REITs industry average (43.7x).
PE vs Market: HIW is poor value based on its PE Ratio (21.1x) compared to the US market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: HIW is poor value based on its PEG Ratio (8.5x)
Price to Book Ratio
PB vs Industry: HIW is overvalued based on its PB Ratio (2x) compared to the US REITs industry average (1.8x).
How is Highwoods Properties forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HIW's forecast earnings growth (2.5% per year) is above the savings rate (2%).
Earnings vs Market: HIW's earnings (2.5% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: HIW's earnings are forecast to grow, but not significantly.
Revenue vs Market: HIW's revenue (4.2% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: HIW's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HIW's Return on Equity is forecast to be low in 3 years time (6.8%).
How has Highwoods Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIW has a large one-off gain of $67.8M impacting its March 31 2021 financial results.
Growing Profit Margin: HIW's current net profit margins (29.2%) are lower than last year (41.1%).
Past Earnings Growth Analysis
Earnings Trend: HIW's earnings have grown significantly by 22.8% per year over the past 5 years.
Accelerating Growth: HIW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HIW had negative earnings growth (-31.6%) over the past year, making it difficult to compare to the REITs industry average (-10.5%).
Return on Equity
High ROE: HIW's Return on Equity (9%) is considered low.
How is Highwoods Properties's financial position?
Financial Position Analysis
Short Term Liabilities: HIW's short term assets ($342.7M) exceed its short term liabilities ($232.6M).
Long Term Liabilities: HIW's short term assets ($342.7M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: HIW's debt to equity ratio (98.4%) is considered high.
Reducing Debt: HIW's debt to equity ratio has increased from 95.7% to 98.4% over the past 5 years.
Debt Coverage: HIW's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: HIW's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Highwoods Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HIW's dividend (4.42%) is higher than the bottom 25% of dividend payers in the US market (1.25%).
High Dividend: HIW's dividend (4.42%) is in the top 25% of dividend payers in the US market (3.41%)
Stability and Growth of Payments
Stable Dividend: HIW's dividends per share have been stable in the past 10 years.
Growing Dividend: HIW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53%), HIW's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HIW's dividends in 3 years are forecast to be covered by earnings (52.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ted Klinck (54 yo)
Mr. Theodore J. Klinck, also known as Ted, has been Chief Executive Officer and Director at Highwoods Properties, Inc. since September 1, 2019 and has been its President November 28, 2018. He served as Chi...
CEO Compensation Analysis
Compensation vs Market: Ted's total compensation ($USD3.32M) is below average for companies of similar size in the US market ($USD5.32M).
Compensation vs Earnings: Ted's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: HIW's management team is considered experienced (4.3 years average tenure).
Experienced Board: HIW's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Highwoods Properties, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Highwoods Properties, Inc.
- Ticker: HIW
- Exchange: NYSE
- Founded: 1978
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$4.645b
- Market Cap: US$4.521b
- Shares outstanding: 106.89m
- Website: https://www.highwoods.com
Number of Employees
- Highwoods Properties, Inc.
- 3100 Smoketree Court
- Suite 600
- North Carolina
- United States
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/18 04:02|
|End of Day Share Price||2021/05/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.