Highwoods Properties, Inc. (HIW) Director Sherry A. Kellett Sells 2,000 Shares
Highwoods Properties, Inc. (NYSE:HIW) Director Sherry A. Kellett sold 2,000 shares of the company’s stock in a transaction that occurred on 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 owns 13,744 shares in the company, valued at $695,996.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Highwoods Properties, Inc. (NYSE:HIW) traded up $0.40 on Friday, reaching $51.49. The company’s stock had a trading volume of 388,803 shares, compared to its average volume of 548,926. The stock has a market capitalization of $5,274.99, a price-to-earnings ratio of 15.11, a P/E/G ratio of 3.25 and a beta of 0.87. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.20. Highwoods Properties, Inc. has a 1-year low of $48.42 and a 1-year high of $53.34.
Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.54. The business had revenue of $180.19 million during the quarter, compared to analyst estimates of $177.15 million. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. Highwoods Properties’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. equities research analysts anticipate that Highwoods Properties, Inc. will post 3.38 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Monday, November 13th. Highwoods Properties’s dividend payout ratio is currently 119.73%.
Several research firms recently weighed in on HIW. BidaskClub upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Bank of America upped their price objective on shares of Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Edward Jones cut 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 price objective on shares of Highwoods Properties and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Finally, Janney Montgomery Scott began coverage on shares of Highwoods Properties in a research report on Friday, September 8th. They issued a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.80.
A number of institutional investors and hedge funds have recently modified their holdings of HIW. Public Employees Retirement Association of Colorado boosted its stake in shares of Highwoods Properties by 4.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 124 shares during the period. Ray Gerald L & Associates Ltd. purchased a new stake in shares of Highwoods Properties during the second quarter valued at approximately $203,000. Tudor Investment Corp ET AL purchased a new stake in shares of Highwoods Properties during the second quarter valued at approximately $207,000. Denver Investment Advisors LLC purchased a new stake in shares of Highwoods Properties during the second quarter valued at approximately $260,000. Finally, Parametrica Management Ltd purchased a new stake in shares of Highwoods Properties during the third quarter valued at approximately $288,000. 96.56% of the stock is owned by institutional investors and hedge funds.
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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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