Highwoods Properties Inc (NYSE:HIW) EVP Jeffrey Douglas Miller sold 3,676 shares of the stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $50.87, for a total transaction of $186,998.12. Following the sale, the executive vice president now owns 83,438 shares in the company, valued at $4,244,491.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Jeffrey Douglas Miller also recently made the following trade(s):
Get Highwoods Properties alerts:
On Tuesday, June 12th, Jeffrey Douglas Miller sold 1,000 shares of Highwoods Properties stock. The stock was sold at an average price of $49.05, for a total transaction of $49,050.00.
Shares of HIW opened at $50.73 on Friday. Highwoods Properties Inc has a twelve month low of $41.34 and a twelve month high of $53.34. The firm has a market capitalization of $5.25 billion, a PE ratio of 14.70, a PEG ratio of 4.91 and a beta of 0.79. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.95.
Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. Highwoods Properties had a net margin of 25.90% and a return on equity of 8.40%. The business had revenue of $180.44 million for the quarter, compared to analyst estimates of $176.03 million. During the same period last year, the business earned $0.80 EPS. The company’s revenue was up 6.5% on a year-over-year basis. equities analysts expect that Highwoods Properties Inc will post 3.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 5th. Stockholders of record on Friday, May 18th were issued a $0.4625 dividend. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.65%. Highwoods Properties’s payout ratio is 56.40%.
Several institutional investors and hedge funds have recently made changes to their positions in HIW. MetLife Investment Advisors LLC acquired a new stake in Highwoods Properties during the 4th quarter worth $3,326,000. Franklin Resources Inc. raised its stake in Highwoods Properties by 68.0% during the 4th quarter. Franklin Resources Inc. now owns 1,154,023 shares of the real estate investment trust’s stock worth $58,751,000 after acquiring an additional 467,226 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Highwoods Properties during the 4th quarter worth $253,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Highwoods Properties by 3.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 98,230 shares of the real estate investment trust’s stock worth $4,304,000 after acquiring an additional 3,293 shares in the last quarter. Finally, BB&T Securities LLC acquired a new stake in Highwoods Properties during the 4th quarter worth $200,000. Institutional investors and hedge funds own 92.71% of the company’s stock.
A number of research firms have issued reports on HIW. Zacks Investment Research upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, April 18th. Morgan Stanley reduced their target price on shares of Highwoods Properties from $52.00 to $46.00 and set an “equal weight” rating on the stock in a report on Thursday, June 14th. ValuEngine upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. DA Davidson set a $60.00 target price on shares of Highwoods Properties and gave the stock a “buy” rating in a report on Wednesday, April 25th. Finally, Stifel Nicolaus upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $46.00 to $53.00 in a report on Friday, June 1st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.71.
Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (?REIT?) and a member of the S&P MidCap 400 Index. The Company is a fullyintegrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.