Highwoods Properties (HIW) Sets New 12-Month Low at $47.49

Highwoods Properties Inc (NYSE:HIW) hit a new 52-week low during trading on Thursday . The company traded as low as $47.49 and last traded at $48.04, with a volume of 952500 shares changing hands. The stock had previously closed at $47.80.

A number of equities research analysts have commented on the stock. ValuEngine raised shares of Highwoods Properties from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Edward Jones downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. SunTrust Banks set a $52.00 target price on shares of Highwoods Properties and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, Bank of America increased their target price on shares of Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $54.80.

The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $4,935.30, a PE ratio of 32.31, a P/E/G ratio of 2.97 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, beating the Zacks’ consensus estimate of $0.32 by $0.54. The firm had revenue of $180.19 million for the quarter, compared to the consensus estimate of $177.15 million. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. sell-side analysts expect that Highwoods Properties Inc will post 3.38 EPS for the current fiscal year.

In other Highwoods Properties news, Director Sherry A. Kellett sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total transaction of $101,280.00. Following the transaction, the director now directly owns 13,744 shares of the company’s stock, valued at approximately $695,996.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sherry A. Kellett sold 1,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $51.70, for a total transaction of $51,700.00. Following the transaction, the director now directly owns 11,744 shares in the company, valued at $607,164.80. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. grew its position in Highwoods Properties by 1.1% during the 2nd 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. Hardman Johnston Global Advisors LLC grew its position in Highwoods Properties by 4.0% during the 3rd 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. Sei Investments Co. grew its position in Highwoods Properties by 0.9% during the 3rd quarter. Sei Investments Co. now owns 125,120 shares of the real estate investment trust’s stock worth $6,517,000 after purchasing an additional 1,064 shares during the last quarter. Aperio Group LLC grew its position in Highwoods Properties by 5.2% during the 3rd quarter. Aperio Group LLC now owns 25,612 shares of the real estate investment trust’s stock worth $1,334,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in Highwoods Properties by 1.3% during the 3rd quarter. Retirement Systems of Alabama now owns 133,203 shares of the real estate investment trust’s stock worth $6,939,000 after purchasing an additional 1,683 shares during the last quarter. 96.55% of the stock is currently owned by institutional investors.

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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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