Highwoods Properties Inc. (NYSE:HIW)’s share price hit a new 52-week high on Wednesday . The company traded as high as $53.35 and last traded at $53.19, with a volume of 344,489 shares. The stock had previously closed at $53.18.

A number of equities analysts recently weighed in on HIW shares. Citigroup Inc. lifted their price target on Highwoods Properties from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday. Jefferies Group cut Highwoods Properties from a “buy” rating to a “hold” rating and lifted their target price for the company from $49.00 to $50.00 in a research note on Friday, April 22nd. SunTrust Banks Inc. cut Highwoods Properties from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research note on Thursday, March 17th. Capital One Financial Corp. cut Highwoods Properties from an “overweight” rating to an “equal weight” rating in a research note on Sunday, June 5th. Finally, Morgan Stanley cut Highwoods Properties from an “overweight” rating to an “equal” rating and lifted their target price for the company from $47.00 to $50.00 in a research note on Thursday, May 12th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Highwoods Properties has an average rating of “Hold” and an average target price of $49.13.

The stock has a market capitalization of $5.11 billion and a price-to-earnings ratio of 9.84. The stock’s 50 day moving average is $49.45 and its 200 day moving average is $46.02.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, April 26th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $164.90 million for the quarter, compared to analyst estimates of $165.74 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Equities research analysts anticipate that Highwoods Properties Inc. will post $3.26 earnings per share for the current year.

In other news, CEO Edward J. Fritsch sold 24,656 shares of the company’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $49.36, for a total transaction of $1,217,020.16. Following the transaction, the chief executive officer now owns 436,261 shares of the company’s stock, valued at $21,533,842.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark F. Mulhern sold 12,124 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $48.75, for a total value of $591,045.00. Following the transaction, the chief financial officer now directly owns 60,081 shares in the company, valued at approximately $2,928,948.75. The disclosure for this sale can be found here.

A number of institutional investors recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Highwoods Properties by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,638 shares of the real estate investment trust’s stock valued at $1,205,000 after buying an additional 467 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of Highwoods Properties by 9.5% in the fourth quarter. Suntrust Banks Inc. now owns 33,252 shares of the real estate investment trust’s stock valued at $1,449,000 after buying an additional 2,892 shares during the period. First Trust Advisors LP increased its stake in shares of Highwoods Properties by 7.6% in the fourth quarter. First Trust Advisors LP now owns 37,057 shares of the real estate investment trust’s stock valued at $1,616,000 after buying an additional 2,632 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Highwoods Properties by 3.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 55,748 shares of the real estate investment trust’s stock valued at $2,431,000 after buying an additional 1,752 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Highwoods Properties by 21.2% in the fourth quarter. ProShare Advisors LLC now owns 56,919 shares of the real estate investment trust’s stock valued at $2,482,000 after buying an additional 9,969 shares during the period.

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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