Highwoods Properties Inc. (NYSE:HIW) shares traded down 2.1% during trading on Thursday . The stock traded as low as $53.37 and last traded at $53.41, with a volume of 299,892 shares traded. The stock had previously closed at $54.58.

Several research analysts have recently commented on the stock. Wood & Company reaffirmed a “buy” rating and set a $62.00 target price on shares of Highwoods Properties in a report on Thursday, August 4th. Oppenheimer Holdings Inc. raised their target price on shares of Highwoods Properties from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. SunTrust Banks Inc. raised their target price on shares of Highwoods Properties from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, July 15th. Citigroup Inc. raised their target price on shares of Highwoods Properties from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Finally, Capital One Financial Corp. cut shares of Highwoods Properties from an “overweight” rating to an “equal weight” rating in a report on Sunday, June 5th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $52.20.

The firm’s 50 day moving average price is $53.67 and its 200 day moving average price is $48.19. The company has a market cap of $5.30 billion and a PE ratio of 10.03.

Highwoods Properties (NYSE:HIW) last released its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The company earned $166.86 million during the quarter, compared to analysts’ expectations of $164.24 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts expect that Highwoods Properties Inc. will post $3.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Monday, August 15th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, August 11th.

In related news, SVP Jeffrey Douglas Miller sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $51.46, for a total transaction of $617,520.00. Following the sale, the senior vice president now directly owns 68,115 shares in the company, valued at approximately $3,505,197.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward J. Fritsch sold 85,822 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $52.27, for a total transaction of $4,485,915.94. Following the sale, the chief executive officer now owns 471,533 shares in the company, valued at $24,647,029.91. The disclosure for this sale can be found here.

Other hedge funds have made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Highwoods Properties by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,211,602 shares of the real estate investment trust’s stock worth $52,827,000 after buying an additional 21,420 shares during the last quarter. Suntrust Banks Inc. boosted 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 worth $1,449,000 after buying an additional 2,892 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of 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 last quarter. Bank of Montreal Can boosted its stake in shares of Highwoods Properties by 833.5% in the fourth quarter. Bank of Montreal Can now owns 87,904 shares of the real estate investment trust’s stock worth $3,832,000 after buying an additional 78,487 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted 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 worth $2,431,000 after buying an additional 1,752 shares during 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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