(NYSE:HIW) during the second quarter, Holdings Channel reports. 685,408 shares of the stock were exchanged. Highwoods Properties comprises about 1.3% of RMR Advisors LLC's holdings, making the stock its 29th largest position.
Several other analysts also recently commented on the stock.
Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, July 25th. Credit Suisse AG now owns 446,755 shares of the real estate investment trust's stock valued at $21,950,000 after buying an additional 37,953 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Highwoods Properties by 19.3% in the fourth quarter. Brookfield Asset Management Inc. now owns 1,553,986 shares of the real estate investment trust's stock valued at $79,269,000 after buying an additional 328,320 shares during the last quarter. Fmr reported 4.78 million shares stake. Finally, Louisiana State Employees Retirement System boosted its position in shares of Highwoods Properties by 3.5% in the second quarter. Rafferty Asset Management LLC now owns 17,367 shares of the real estate investment trust's stock valued at $853,000 after buying an additional 12,550 shares during the last quarter. Insiders own 1.90% of the company's stock.
Shares of Highwoods Properties, Inc.
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The company is trading up by 0.20% since yesterday's close of $50.15. The firm's 50-day moving average price is $51.07 and its 200 day moving average price is $50.83. The stock's market capitalization is 5.21B, it has a 52-week low of 45.83 and a 52-week high of 54.98. The stock of Highwoods Properties Inc (NYSE:HIW) earned "Hold" rating by Jefferies on Tuesday, May 30. In the last earnings report the EPS was $1.25 and is projected to be $1.19 for the current year with 103,236,000 shares outstanding. The firm had revenue of $177.28 million during the quarter, compared to analyst estimates of $172.28 million. During the same quarter previous year, the firm posted $0.32 EPS. During the same quarter a year ago, the company earned $0.32 earnings per share. Lewis now expects that the real estate investment trust will post earnings of $3.52 per share for the year, down from their previous estimate of $3.56. The company announced a dividend for shareholders to be paid on Wednesday September 6th, 2017. This represents a $1.76 annualized dividend and a dividend yield of 3.52%. The ex-dividend date has been established as Monday the 15th of May 2017.
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08/25/2016 - BTIG Research began new coverage on Highwoods Properties, Inc. giving the company a "neutral" rating. Highwoods Properties earned a news impact score of 0.13 on Accern's scale. "(HIW) Position Maintained by RMR Advisors LLC" was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another domain, it was stolen and republished in violation of USA and global trademark & copyright law. (HIW) traded down 0.54% during mid-day trading on Friday, reaching $49.98.
Several equities analysts have recently issued reports on the company.
Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Highwoods Properties, Inc. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $55.00 price objective on shares of Highwoods Properties in a research report on Wednesday, April 19th. BidaskClub cut shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Wednesday.
According to the the latest analyst ratings which have been released, 3 brokers have issued a rating of "buy", 0 brokers "outperform", 7 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". The stock presently has a consensus rating of Hold and an average target price of $55.00.
In other news, COO Theodore J. Klinck sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $52.51, for a total value of $525,100.00. Following the sale, the chief operating officer now directly owns 63,194 shares of the company's stock, valued at approximately $3,318,316.94. Frontier Capital Mgmt Limited Liability stated it has 0% in Highwoods Properties Inc (NYSE:HIW). The Company's primary business is the operation, acquisition and development of office properties.