Highwoods Properties VP Sells $169,000 in Stock (HIW)
Highwoods Properties (NYSE:HIW) VP Jeffrey Douglas Miller sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.25, for a total value of $169,000.00. Following the completion of the transaction, the vice president now directly owns 63,525 shares in the company, valued at approximately $2,683,931. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on HIW shares. Analysts at Jefferies Group raised their price target on shares of Highwoods Properties from $38.00 to $43.00 in a research note on Tuesday, July 22nd. Separately, analysts at Oppenheimer raised their price target on shares of Highwoods Properties from $41.00 to $46.00 in a research note on Wednesday, July 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Highwoods Properties in a research note on Thursday, June 26th. They now have a $44.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Highwoods Properties presently has an average rating of “Hold” and a consensus target price of $41.43.
Shares of Highwoods Properties (NYSE:HIW) traded down 1.12% on Tuesday, hitting $41.56. 830,172 shares of the company’s stock traded hands. Highwoods Properties has a one year low of $32.90 and a one year high of $42.94. The stock has a 50-day moving average of $42.05 and a 200-day moving average of $39.55. The company has a market cap of $3.755 billion and a P/E ratio of 31.87.
Highwoods Properties (NYSE:HIW) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.07. The company had revenue of $152.72 million for the quarter, compared to the consensus estimate of $149.72 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts expect that Highwoods Properties will post $2.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 9th. Investors of record on Monday, August 18th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, August 14th.
Highwoods Properties, Inc, is a self-administered and self-managed equity real estate investment trust (NYSE:HIW).
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