Price Action To Observe: Could Highwoods Properties Inc Recover After Today’s Big Decline?

Price Action To Observe: Could Highwoods Properties Inc Recover After Today's Big Decline?

The stock of Highwoods Properties Inc (NYSE:HIW) is a huge mover today! The stock decreased 2.92% or $1.47 on October 5, hitting $48.84. Highwoods Properties Inc (NYSE:HIW) has risen 10.96% since March 2, 2016 and is uptrending. It has outperformed by 2.70% the S&P500.
The move comes after 9 months negative chart setup for the $4.81 billion company. It was reported on Oct, 6 by Barchart.com. We have $45.42 PT which if reached, will make NYSE:HIW worth $336.70M less.

Analysts await Highwoods Properties Inc (NYSE:HIW) to report earnings on October, 25. They expect $0.81 earnings per share, up 5.19% or $0.04 from last year’s $0.77 per share. HIW’s profit will be $79.77 million for 15.07 P/E if the $0.81 EPS becomes a reality. After $0.82 actual earnings per share reported by Highwoods Properties Inc for the previous quarter, Wall Street now forecasts -1.22% negative EPS growth.

Highwoods Properties Inc (NYSE:HIW) Ratings Coverage

Out of 8 analysts covering Highwoods Properties (NYSE:HIW), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Highwoods Properties has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Capital One upgraded the shares of HIW in a report on Thursday, August 20 to “Equal Weight” rating. The stock has “Buy” rating given by Suntrust Robinson on Wednesday, September 9. Zacks upgraded the stock to “Hold” rating in Thursday, August 6 report. As per Wednesday, September 9, the company rating was upgraded by SunTrust. The stock of Highwoods Properties Inc (NYSE:HIW) earned “Neutral” rating by SunTrust on Thursday, March 17. The stock of Highwoods Properties Inc (NYSE:HIW) has “Hold” rating given on Friday, November 13 by BB&T Capital. The stock has “Equal-Weight” rating given by Morgan Stanley on Thursday, May 12. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Neutral”. The firm has “Buy” rating by Jefferies given on Monday, October 26. The firm has “Neutral” rating given on Thursday, January 7 by Robert W. Baird.

According to Zacks Investment Research, “Highwoods Properties, Inc. is a fully integrated, self-administered real estate investment trust that provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The company owns or has an interest in office, industrial, retail and service center properties, including development projects and apartment units. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.01, from 1.18 in 2016Q1. The ratio improved, as 17 funds sold all Highwoods Properties Inc shares owned while 83 reduced positions. 34 funds bought stakes while 85 increased positions. They now own 99.98 million shares or 2.28% less from 102.31 million shares in 2016Q1.
Moreover, Laurion Cap Management L P has 0.15% invested in Highwoods Properties Inc (NYSE:HIW) for 187,200 shares. Royal Comml Bank Of Canada holds 43,409 shares or 0% of its portfolio. Serv Corp holds 0% of its portfolio in Highwoods Properties Inc (NYSE:HIW) for 109 shares. State Street Corporation holds 4.09 million shares or 0.02% of its portfolio. Deroy And Devereaux Private Invest Counsel Incorporated accumulated 0.27% or 38,750 shares. Qcm Cayman Ltd holds 5,238 shares or 0.12% of its portfolio. The Nebraska-based Ameritas Investment Partners Incorporated has invested 0.05% in Highwoods Properties Inc (NYSE:HIW). First Manhattan holds 0.01% of its portfolio in Highwoods Properties Inc (NYSE:HIW) for 25,200 shares. Moreover, National Bank Of Montreal Can has 0.02% invested in Highwoods Properties Inc (NYSE:HIW) for 256,861 shares. Thrivent For Lutherans last reported 0.03% of its portfolio in the stock. Duff Phelps Invest holds 0.85% or 1.07M shares in its portfolio. Retail Bank Of New York Mellon has invested 0.06% of its portfolio in Highwoods Properties Inc (NYSE:HIW). Morgan Stanley last reported 2.79M shares in the company. State Treasurer State Of Michigan has invested 0.02% of its portfolio in Highwoods Properties Inc (NYSE:HIW). Sumitomo Mitsui Tru last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since May 9, 2016, the stock had 0 insider buys, and 7 selling transactions for $8.10 million net activity. On Wednesday, June 29 FRITSCH EDWARD J sold $4.49 million worth of the stock or 85,822 shares. $591,045 worth of Highwoods Properties Inc (NYSE:HIW) was sold by Mulhern Mark F on Monday, May 9. 12,397 shares were sold by Klinck Theodore J, worth $605,717. Another trade for 12,000 shares valued at $617,500 was sold by Miller Jeffrey Douglas. KELLETT SHERRY A had sold 7,600 shares worth $359,632 on Thursday, May 26.

More important recent Highwoods Properties Inc (NYSE:HIW) news were published by: Nasdaq.com which released: “Highwoods Properties Becomes Oversold (HIW)” on October 05, 2016, also Bizjournals.com published article titled: “Highwoods Properties Inc. to develop a 12-story tower in the Cumberland Galleria”, Forbes.com published: “Highwoods Properties is Now Oversold (HIW)” on September 13, 2016. More interesting news about Highwoods Properties Inc (NYSE:HIW) was released by: Bizjournals.com and their article: “Highwoods Properties details $75M giveaway to shareholders, new buildings and …” with publication date: August 03, 2016.

HIW Company Profile

Highwoods Properties, Inc., incorporated on February 25, 1994, is a real estate investment trust. The Firm provides leasing, management, development, construction and other customer-related services for its properties and for third-parties. The Firm is engaged in the business of operation, acquisition and development of real estate properties. The Firm conducts its activities through Highwoods Realty Limited Partnership (the Operating Partnership).

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