Highwoods Properties Inc. (NYSE:HIW) SVP Jeffrey Douglas Miller sold 4,214 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $52.52, for a total transaction of $221,319.28. Following the completion of the sale, the senior vice president now directly owns 70,329 shares of the company’s stock, valued at approximately $3,693,679.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Highwoods Properties Inc. (NYSE:HIW) opened at 52.12 on Monday. The firm has a market cap of $5.14 billion, a PE ratio of 9.73 and a beta of 0.89. The stock’s 50 day moving average is $52.48 and its 200 day moving average is $50.35. Highwoods Properties Inc. has a 12 month low of $38.08 and a 12 month high of $56.23.
Highwoods Properties (NYSE:HIW) last released its quarterly 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. The business earned $166.86 million during the quarter, compared to the consensus estimate of $164.24 million. Highwoods Properties had a return on equity of 5.22% and a net margin of 78.77%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 EPS. On average, analysts anticipate that Highwoods Properties Inc. will post $3.26 earnings per share for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Thursday, August 11th. Highwoods Properties’s dividend payout ratio is presently 31.89%.
A number of equities research analysts recently issued reports on the stock. Capital One Financial Corp. lowered shares of Highwoods Properties from an “overweight” rating to an “equal weight” rating in a report on Sunday, June 5th. Wood & Company reaffirmed a “buy” rating and issued a $62.00 target price on shares of Highwoods Properties in a research report on Thursday, August 4th. SunTrust Banks Inc. upped their target price on shares of Highwoods Properties from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. Citigroup Inc. upped their target price on shares of Highwoods Properties from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Finally, Oppenheimer Holdings Inc. upped their target price on shares of Highwoods Properties from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $52.20.
A number of hedge funds have recently bought and sold shares of the company. Security Capital Research & Management Inc. bought a new stake in Highwoods Properties during the second quarter worth approximately $110,000. Public Employees Retirement Association of Colorado bought a new stake in Highwoods Properties during the second quarter worth approximately $162,000. Envestnet Asset Management Inc. boosted its stake in Highwoods Properties by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,044 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 304 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Highwoods Properties by 10.3% in the first quarter. Canada Pension Plan Investment Board now owns 4,300 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 400 shares in the last quarter. Finally, Prudential PLC bought a new stake in Highwoods Properties during the first quarter worth approximately $215,000.
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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