Highwoods Properties, Inc. (NYSE:HIW) Director Sherry A. Kellett sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total value of $101,280.00. Following the completion of the sale, the director now directly owns 13,744 shares in the company, valued at approximately $695,996.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Highwoods Properties, Inc. (NYSE HIW) traded up $0.40 during midday trading on Thursday, hitting $51.09. The company had a trading volume of 375,194 shares, compared to its average volume of 535,334. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.20. Highwoods Properties, Inc. has a 12 month low of $48.42 and a 12 month high of $53.34. The firm has a market cap of $5,214.07, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 3.27 and a beta of 0.87.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.54. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. The company had revenue of $180.19 million for the quarter, compared to the consensus estimate of $177.15 million. During the same quarter last year, the business posted $0.82 EPS. Highwoods Properties’s revenue for the quarter was up 8.4% on a year-over-year basis. equities research analysts anticipate that Highwoods Properties, Inc. will post 3.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Monday, November 13th. Highwoods Properties’s dividend payout ratio (DPR) is 119.73%.

A number of brokerages have weighed in on HIW. Bank of America raised their target price on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Janney Montgomery Scott began coverage on Highwoods Properties in a report on Friday, September 8th. They issued a “neutral” rating on the stock. Edward Jones downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. BidaskClub raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, SunTrust Banks set a $52.00 price objective on Highwoods Properties and gave the company a “hold” rating in a report on Tuesday, October 24th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.80.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Highwoods Properties by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 16,280,366 shares of the real estate investment trust’s stock valued at $825,578,000 after acquiring an additional 192,389 shares in the last quarter. Bank of New York Mellon Corp raised its position in Highwoods Properties by 16.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,888,598 shares of the real estate investment trust’s stock worth $254,647,000 after purchasing an additional 703,562 shares during the last quarter. State Street Corp raised its position in Highwoods Properties by 0.3% during the 2nd quarter. State Street Corp now owns 4,340,884 shares of the real estate investment trust’s stock worth $220,127,000 after purchasing an additional 12,891 shares during the last quarter. JPMorgan Chase & Co. raised its position in Highwoods Properties by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,332,229 shares of the real estate investment trust’s stock worth $173,241,000 after purchasing an additional 53,973 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in Highwoods Properties by 3.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,898,603 shares of the real estate investment trust’s stock worth $96,278,000 after purchasing an additional 68,509 shares during the last quarter. 96.56% of the stock is currently owned by institutional investors.

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About Highwoods Properties

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company 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.

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