Highwoods Properties Inc. (NYSE:HIW) SVP Jeffrey Douglas Miller sold 4,214 shares of Highwoods Properties stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $52.52, for a total value of $221,319.28. Following the sale, the senior vice president now owns 70,329 shares of the company’s stock, valued at approximately $3,693,679.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Highwoods Properties Inc. (NYSE:HIW) opened at 52.77 on Thursday. Highwoods Properties Inc. has a 1-year low of $38.08 and a 1-year high of $56.23. The stock has a market capitalization of $5.20 billion, a PE ratio of 9.85 and a beta of 0.98. The stock’s 50 day moving average price is $52.60 and its 200 day moving average price is $50.29.
Highwoods Properties (NYSE:HIW) last released its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.02. Highwoods Properties had a return on equity of 5.22% and a net margin of 78.77%. The firm earned $166.86 million during the quarter, compared to analysts’ expectations of $164.24 million. During the same quarter last year, the business posted $0.77 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts predict that Highwoods Properties Inc. will post $3.26 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Monday, August 15th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, August 11th. Highwoods Properties’s dividend payout ratio is currently 31.89%.
Several hedge funds have recently added to or reduced their stakes in HIW. M&T Bank Corp boosted its stake in Highwoods Properties by 3.5% in the first quarter. M&T Bank Corp now owns 18,535 shares of the real estate investment trust’s stock valued at $886,000 after buying an additional 628 shares in the last quarter. Menta Capital LLC purchased a new position in shares of Highwoods Properties during the first quarter worth approximately $1,214,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Highwoods Properties during the first quarter worth approximately $38,821,000. Baker Ellis Asset Management LLC raised its position in shares of Highwoods Properties by 2.0% in the first quarter. Baker Ellis Asset Management LLC now owns 15,000 shares of the real estate investment trust’s stock worth $717,000 after buying an additional 300 shares during the last quarter. Finally, BlackRock Japan Co. Ltd raised its position in shares of Highwoods Properties by 1.7% in the first quarter. BlackRock Japan Co. Ltd now owns 5,083 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 83 shares during the last quarter.
A number of analysts have recently issued reports on HIW shares. Oppenheimer Holdings Inc. lifted their price target on Highwoods Properties from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Citigroup Inc. boosted their target price on Highwoods Properties from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. SunTrust Banks Inc. boosted their target price on Highwoods Properties from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Capital One Financial Corp. downgraded Highwoods Properties from an “overweight” rating to an “equal weight” rating in a research report on Sunday, June 5th. Finally, BTIG Research assumed coverage on Highwoods Properties in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $52.20.
Highwoods Properties Company Profile
Highwoods Properties, Inc is a real estate investment trust. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third-parties. The Company is engaged in the business of operation, acquisition and development of real estate properties.
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