Highwoods Properties (HIW) Reaches New 12-Month Low at $48.00

Highwoods Properties Inc (NYSE:HIW)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $48.00 and last traded at $48.61, with a volume of 796300 shares trading hands. The stock had previously closed at $49.12.

Several brokerages have recently weighed in on HIW. ValuEngine upgraded Highwoods Properties from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Edward Jones cut Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. SunTrust Banks set a $52.00 price target on Highwoods Properties and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, Bank of America lifted their price target on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Highwoods Properties currently has a consensus rating of “Hold” and a consensus price target of $54.80.

The company has a debt-to-equity ratio of 0.90, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $5,020.00, a PE ratio of 33.76, a P/E/G ratio of 3.07 and a beta of 0.87.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.54. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. The business had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $177.15 million. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. sell-side analysts anticipate that Highwoods Properties Inc will post 3.38 earnings per share for the current fiscal year.

In related news, Director Sherry A. Kellett sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total transaction of $101,280.00. Following the completion of the transaction, the director now directly owns 13,744 shares in the company, valued at $695,996.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sherry A. Kellett sold 1,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $51.70, for a total value of $51,700.00. Following the transaction, the director now owns 11,744 shares of the company’s stock, valued at $607,164.80. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Highwoods Properties by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,889 shares of the real estate investment trust’s stock worth $755,000 after buying an additional 38 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Highwoods Properties by 4.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,448 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 320 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Highwoods Properties by 1.1% during the second quarter. Ameritas Investment Partners Inc. now owns 30,530 shares of the real estate investment trust’s stock worth $1,548,000 after purchasing an additional 323 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Highwoods Properties by 10.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 5,737 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 537 shares during the last quarter. Finally, Hardman Johnston Global Advisors LLC lifted its stake in Highwoods Properties by 4.0% during the third quarter. Hardman Johnston Global Advisors LLC now owns 26,300 shares of the real estate investment trust’s stock worth $1,370,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

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Highwoods Properties Company Profile

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

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