Worth Watching: Highwoods Properties Inc Has Another Very Strong Trading Session

Worth Watching: Highwoods Properties Inc Has Another Very Strong Trading Session

The stock of Highwoods Properties Inc (NYSE:HIW) is a huge mover today! Highwoods Properties Inc (NYSE:HIW) has risen 6.66% since March 3, 2016 and is uptrending. It has underperformed by 1.68% the S&P500.
The move comes after 8 months positive chart setup for the $4.85 billion company. It was reported on Oct, 6 by Barchart.com. We have $76.37 PT which if reached, will make NYSE:HIW worth $2.67B more.

Analysts await Highwoods Properties Inc (NYSE:HIW) to report earnings on October, 25. They expect $0.81 EPS, up 5.19% or $0.04 from last year’s $0.77 per share. HIW’s profit will be $79.73M for 15.21 P/E if the $0.81 EPS becomes a reality. After $0.82 actual EPS 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. The rating was initiated by BTIG Research on Thursday, August 25 with “Neutral”. Capital One upgraded the stock to “Equal Weight” rating in Thursday, August 20 report. The company was upgraded on Wednesday, September 9 by SunTrust. The firm has “Buy” rating given on Wednesday, September 9 by Suntrust Robinson. The stock of Highwoods Properties Inc (NYSE:HIW) has “Hold” rating given on Friday, November 13 by BB&T Capital. On Thursday, August 6 the stock rating was upgraded by Zacks to “Hold”. The company was downgraded on Thursday, March 17 by SunTrust. The company was downgraded on Thursday, January 7 by Robert W. Baird. Morgan Stanley downgraded Highwoods Properties Inc (NYSE:HIW) rating on Thursday, May 12. Morgan Stanley has “Equal-Weight” rating and $50 price target. The firm has “Buy” rating given on Monday, October 26 by Jefferies.

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 is positive, 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.
Kempen Capital Mgmt Nv holds 0.24% of its portfolio in Highwoods Properties Inc (NYSE:HIW) for 38,198 shares. Rhumbline Advisers holds 164,051 shares or 0.03% of its portfolio. The Kansas-based Creative Planning has invested 0% in Highwoods Properties Inc (NYSE:HIW). Oppenheimer And Co has 11,852 shares for 0.02% of their US portfolio. Huntington National Bank holds 0% of its portfolio in Highwoods Properties Inc (NYSE:HIW) for 2,307 shares. Profund Advisors Ltd Liability has invested 0.05% of its portfolio in Highwoods Properties Inc (NYSE:HIW). Citigroup Inc, a New York-based fund reported 34,113 shares. Teachers Ins & Annuity Association Of America last reported 104,134 shares in the company. Wellington Mgmt Group Llp owns 132,503 shares or 0% of their US portfolio. Blackrock Advsr Limited Liability last reported 0% of its portfolio in the stock. Shinko Asset Ltd last reported 3.14M shares in the company. Susquehanna Ltd Liability Partnership, a Pennsylvania-based fund reported 4,514 shares. Moreover, Envestnet Asset Inc has 0% invested in Highwoods Properties Inc (NYSE:HIW) for 2,932 shares. Waddell Reed Financial Inc holds 220,600 shares or 0.02% of its portfolio. Ladenburg Thalmann Ser has 0% invested in the company for 244 shares.

Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 7 insider sales for $8.10 million net activity. Miller Jeffrey Douglas sold $617,500 worth of stock or 12,000 shares. Shares for $4.49M were sold by FRITSCH EDWARD J on Wednesday, June 29. Klinck Theodore J had sold 12,397 shares worth $605,717 on Monday, May 9. On Monday, May 9 Mulhern Mark F sold $591,045 worth of the stock or 12,124 shares. 7,600 shares with value of $359,632 were sold by KELLETT SHERRY A 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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