Highwoods Properties Inc. (NYSE:HIW) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $54.09 and last traded at $53.99, with a volume of 187,031 shares traded. The stock had previously closed at $53.99.

Several equities research analysts have recently issued reports on HIW shares. Citigroup Inc. increased their price objective on shares of Highwoods Properties from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Jefferies Group lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and increased their price objective for the stock from $49.00 to $50.00 in a research report on Friday, April 22nd. SunTrust Banks Inc. increased their price objective on shares of Highwoods Properties from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. 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, Morgan Stanley lowered shares of Highwoods Properties from an “overweight” rating to an “equal” rating and increased their price objective for the stock from $47.00 to $50.00 in a research report on Thursday, May 12th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $49.75.

The company has a market capitalization of $5.28 billion and a P/E ratio of 10.16. The firm has a 50-day moving average of $51.34 and a 200 day moving average of $46.78.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. The company had revenue of $164.90 million for the quarter, compared to analysts’ expectations of $165.74 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities research analysts predict that Highwoods Properties Inc. will post $3.26 earnings per share for the current year.

In other Highwoods Properties news, CEO Edward J. Fritsch sold 85,822 shares of Highwoods Properties stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $52.27, for a total value of $4,485,915.94. Following the completion of the sale, the chief executive officer now directly owns 471,533 shares in the company, valued at $24,647,029.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward J. Fritsch sold 24,656 shares of Highwoods Properties stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $49.36, for a total transaction of $1,217,020.16. Following the completion of the sale, the chief executive officer now owns 436,261 shares of the company’s stock, valued at $21,533,842.96. The disclosure for this sale can be found here.

A number of hedge funds have bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake 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 worth $1,205,000 after buying an additional 467 shares during the period. Comerica Bank boosted its stake in Highwoods Properties by 1.0% in the fourth quarter. Comerica Bank now owns 65,363 shares of the real estate investment trust’s stock worth $2,706,000 after buying an additional 639 shares during the period. Wells Fargo & Company MN boosted its stake in Highwoods Properties by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 295,554 shares of the real estate investment trust’s stock worth $12,886,000 after buying an additional 848 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in 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 worth $2,431,000 after buying an additional 1,752 shares during the period. Finally, 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 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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