Highwoods Properties Inc. (NYSE:HIW)’s share price hit a new 52-week high on Wednesday . The company traded as high as $54.06 and last traded at $53.59, with a volume of 283,566 shares traded. The stock had previously closed at $53.67.

Several equities analysts have commented on HIW shares. SunTrust Banks Inc. lowered shares of Highwoods Properties from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Thursday, March 17th. Jefferies Group lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and increased their price objective for the company from $49.00 to $50.00 in a research report on Friday, April 22nd. Morgan Stanley lowered shares of Highwoods Properties from an “overweight” rating to an “equal” rating and increased their price objective for the company from $47.00 to $50.00 in a research report on Thursday, May 12th. Capital One Financial Corp. lowered shares of Highwoods Properties from an “overweight” rating to an “equal weight” rating in a research report on Sunday, June 5th. Finally, Citigroup Inc. increased their price objective 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. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $49.13.

The company has a market cap of $5.22 billion and a P/E ratio of 10.04. The company has a 50-day moving average of $50.12 and a 200-day moving average of $46.26.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The business earned $164.90 million during the quarter, compared to analysts’ expectations of $165.74 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. On average, analysts forecast that Highwoods Properties Inc. will post $3.26 earnings per share for the current fiscal year.

In related news, SVP Jeffrey Douglas Miller sold 12,000 shares of Highwoods Properties stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $51.46, for a total transaction of $617,520.00. Following the completion of the sale, the senior vice president now owns 68,115 shares in the company, valued at approximately $3,505,197.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark F. Mulhern sold 12,124 shares of Highwoods Properties stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $48.75, for a total value of $591,045.00. Following the sale, the chief financial officer now owns 60,081 shares of the company’s stock, valued at approximately $2,928,948.75. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of the company. Retirement Systems of Alabama boosted its stake in Highwoods Properties by 2.6% in the fourth quarter. Retirement Systems of Alabama now owns 122,491 shares of the real estate investment trust’s stock worth $5,341,000 after buying an additional 3,130 shares in the last quarter. California State Teachers Retirement System boosted its stake in Highwoods Properties by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 174,291 shares of the real estate investment trust’s stock worth $7,599,000 after buying an additional 2,817 shares in the last quarter. Sei Investments Co. boosted its stake in Highwoods Properties by 70.7% in the fourth quarter. Sei Investments Co. now owns 120,260 shares of the real estate investment trust’s stock worth $5,243,000 after buying an additional 49,804 shares in the last quarter. First Trust Advisors LP boosted its stake in 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 worth $1,616,000 after buying an additional 2,632 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Highwoods Properties by 3.0% in the fourth quarter. California Public Employees Retirement System now owns 184,296 shares of the real estate investment trust’s stock worth $8,035,000 after buying an additional 5,300 shares in the last quarter.

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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