Highwoods Properties, Inc. (NYSE:HIW) Director Sherry A. Kellett sold 1,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $51.70, for a total value of $51,700.00. Following the transaction, the director now directly owns 11,744 shares in the company, valued at approximately $607,164.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Highwoods Properties, Inc. (NYSE:HIW) traded up $0.15 during mid-day trading on Wednesday, hitting $51.70. The company’s stock had a trading volume of 515,600 shares, compared to its average volume of 534,789. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.20 and a quick ratio of 1.20. Highwoods Properties, Inc. has a 52 week low of $48.42 and a 52 week high of $53.34. The company has a market cap of $5,322.48, a P/E ratio of 15.25, a P/E/G ratio of 3.28 and a beta of 0.87.
Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 EPS for the quarter, topping the Zacks’ 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 company had revenue of $180.19 million during the quarter, compared to the consensus estimate of $177.15 million. During the same quarter last year, the company earned $0.82 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. equities analysts expect that Highwoods Properties, Inc. will post 3.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were given a $0.44 dividend. The ex-dividend date was Monday, November 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.40%. Highwoods Properties’s dividend payout ratio is currently 119.73%.
HIW has been the topic of a number of analyst reports. BidaskClub raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Janney Montgomery Scott initiated coverage on Highwoods Properties in a research note on Friday, September 8th. They set a “neutral” rating for the company. Bank of America increased their target price on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. SunTrust Banks set a $52.00 target price on Highwoods Properties and gave the company a “hold” rating in a research note on Tuesday, October 24th. Finally, Edward Jones downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $54.80.
Hedge funds have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado lifted its position in shares of Highwoods Properties by 4.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 124 shares during the period. Ray Gerald L & Associates Ltd. acquired a new stake in Highwoods Properties during the 2nd quarter valued at $203,000. Tudor Investment Corp ET AL acquired a new stake in Highwoods Properties during the 2nd quarter valued at $207,000. Denver Investment Advisors LLC acquired a new stake in Highwoods Properties during the 2nd quarter valued at $260,000. Finally, Parametrica Management Ltd acquired a new stake in Highwoods Properties during the 3rd quarter valued at $288,000. Institutional investors own 96.56% 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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