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 good 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 +/- 4% a week.
Volatility Over Time: HIW's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: HIW underperformed the US REITs industry which returned -1.2% over the past year.
Return vs Market: HIW underperformed the US Market which returned 38.9% 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
2 weeks ago | Simply Wall StIf You Had Bought Highwoods Properties' (NYSE:HIW) Shares A Year Ago You Would Be Down 23%
1 month ago | Simply Wall StDid Highwoods Properties, Inc. (NYSE:HIW) Insiders Buy Up More Shares?
2 months ago | Simply Wall StHighwoods Properties, Inc.'s (NYSE:HIW) Stock Is Going Strong: Is the Market Following Fundamentals?
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 ($39.96) is trading below our estimate of fair value ($50.73)
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 (12x) compared to the US REITs industry average (45.2x).
PE vs Market: HIW is good value based on its PE Ratio (12x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: HIW's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HIW is overvalued based on its PB Ratio (1.8x) compared to the US REITs industry average (1.6x).
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 earnings are forecast to decline over the next 3 years (-15.1% per year).
Earnings vs Market: HIW's earnings are forecast to decline over the next 3 years (-15.1% per year).
High Growth Earnings: HIW's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HIW's revenue (3.6% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: HIW's revenue (3.6% 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 (7.1%).
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 $201.9M impacting its December 31 2020 financial results.
Growing Profit Margin: HIW's current net profit margins (46.6%) are higher than last year (18.4%).
Past Earnings Growth Analysis
Earnings Trend: HIW's earnings have grown significantly by 25.5% per year over the past 5 years.
Accelerating Growth: HIW's earnings growth over the past year (152.9%) exceeds its 5-year average (25.5% per year).
Earnings vs Industry: HIW earnings growth over the past year (152.9%) exceeded the REITs industry -4.4%.
Return on Equity
High ROE: HIW's Return on Equity (14.5%) is considered low.
How is Highwoods Properties's financial position?
Financial Position Analysis
Short Term Liabilities: HIW's short term assets ($517.0M) exceed its short term liabilities ($212.1M).
Long Term Liabilities: HIW's short term assets ($517.0M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: HIW's debt to equity ratio (100%) is considered high.
Reducing Debt: HIW's debt to equity ratio has reduced from 141.6% to 100% over the past 5 years.
Debt Coverage: HIW's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: HIW's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Highwoods Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HIW's dividend (4.8%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: HIW's dividend (4.8%) is in the top 25% of dividend payers in the US market (3.72%)
Stability and Growth of Payments
Stable Dividend: HIW's dividends per share have been stable in the past 10 years.
Growing Dividend: HIW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.8%), HIW's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HIW's dividends in 3 years are forecast to be covered by earnings (50.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ted Klinck (54 yo)
Mr. Theodore J. Klinck, also known as Ted, has been Chief Executive Officer and Director at Highwoods Properties, Inc. since September 1, 2019 and has been its President November 28, 2018. He has been Chie...
CEO Compensation Analysis
Compensation vs Market: Ted's total compensation ($USD2.10M) is below average for companies of similar size in the US market ($USD4.97M).
Compensation vs Earnings: Ted's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||6.42yrs||US$1.65m||0.10% |
|Executive VP & COO||1.58yrs||US$1.49m||0.033% |
|Executive VP||13.92yrs||US$1.16m||0.092% |
|Executive VP of Finance & Treasurer||1.08yrs||US$636.38k||0.015% |
|Senior Vice President of Investments||4.08yrs||US$946.17k||no data|
|VP & Chief Accounting Officer||13.5yrs||no data||no data|
|VP & Chief Information Officer||13.83yrs||no data||no data|
|Senior Vice President of Nashville||no data||US$741.46k||no data|
|Senior Vice President of Asset Management||12.42yrs||no data||no data|
|Senior Vice President of Development||4.08yrs||no data||no data|
|Vice President of Raleigh||14.83yrs||no data||no data|
Experienced Management: HIW's management team is seasoned and experienced (6.4 years average tenure).
|Independent Director||15.25yrs||US$169.54k||0.017% |
|Independent Director||24yrs||US$174.25k||0.77% |
|Independent Director||3.08yrs||US$178.35k||0.0052% |
|Independent Chairman of the Board||2.33yrs||US$214.25k||0.034% |
|Independent Director||6.75yrs||US$167.38k||0.011% |
|Independent Director||1.08yrs||no data||0.0047% |
|Independent Director||0.083yr||no data||no data|
|Independent Director||12yrs||US$174.25k||0.023% |
Experienced Board: HIW's board of directors are considered experienced (3.1 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
- Market Cap: US$4.153b
- Shares outstanding: 106.76m
- Website: https://www.highwoods.com
Number of Employees
- Highwoods Properties, Inc.
- 3100 Smoketree Court
- Suite 600
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HIW||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jun 1994|
|HQS||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 1994|
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||2021/02/26 23:44|
|End of Day Share Price||2021/02/26 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.