The BidaskClub Downgrades Highwoods Properties, Inc. (NYSE:HIW) to Sell

One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $54.67.

Accern also gave headlines about the real estate investment trust an impact score of 48.6002942574129 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Stifel Nicolaus restated a "buy" rating and issued a $55.00 price objective on shares of Highwoods Properties in a report on Wednesday, April 19th. Finally, ValuEngine upgraded shares of Highwoods Properties from a hold rating to a buy rating in a report on Thursday, May 11th. BidaskClub cut shares of Highwoods Properties from a hold rating to a sell rating in a report on Wednesday.

ILLEGAL ACTIVITY WARNING: This news story was reported by Transcript Daily and is the property of of Transcript Daily. Highwoods Properties earned a news impact score of 0.13 on Accern's scale. The correct version of this piece can be viewed at Atwood & Palmer Inc sold 126,000 shares as the company's stock declined 1.10% while stock markets rallied. The stock was sold at an average price of $52.51, for a total value of $525,100.00. Following the sale, the chief operating officer now owns 63,194 shares of the company's stock, valued at approximately $3,318,316.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Hedge funds and other institutional investors own 98.77% of the company's stock. Public Employees Retirement Association of Colorado increased its stake in shares of Highwoods Properties by 4.1% in the second quarter. Fmr reported 4.78 million shares stake. Envestnet Asset Management Inc. increased its stake in shares of Highwoods Properties by 13.6% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,743 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 408 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Highwoods Properties by 3.6% in the first quarter. The stock of Highwoods Properties Inc (NYSE:HIW) has "Hold" rating given on Friday, November 13 by BB&T Capital. Geode Capital Management LLC now owns 950,512 shares of the real estate investment trust's stock valued at $46,698,000 after buying an additional 108,628 shares during the last quarter. Highwoods Properties, Inc. recently announced a dividend for shareholders payable on Wednesday the 6th of September 2017.

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The company is trading up by 0.20% since yesterday's close of $50.15. $94,104 worth of Highwoods Properties Inc (NYSE:HIW) shares were sold by Klinck Theodore J. The stock has a market capitalization of $5.16 billion, a PE ratio of 39.98 and a beta of 0.88. The company's 50-day moving average is $50.66 and its 200 day moving average is $50.76.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.90 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.31 by $0.59. The firm had revenue of $177.28 million for the quarter, compared to analyst estimates of $172.28 million. Also, the number of institutional investors holding Highwoods Properties Inc in their top 10 equity positions increased from 0 to 1 for an increase of 1. The firm's revenue was up 6.2% compared to the same quarter past year. During the same period a year ago, the business earned $0.32 EPS. Equities analysts forecast that Highwoods Properties, Inc. will post $1.19 earnings per share for the current fiscal year. The dividend payment will be $0.440 per share for the quarter or $1.76 on an annualized basis. The ex-dividend date of this dividend is Thursday, August 10th. This dividend represents a yeild of $3.49 which is the dividend as a percentage of the current share price. Independent Portfolio Consultants Inc. increased its stake in shares of Highwoods Properties by 17.5% in the second quarter.

Highwoods Properties, Inc is an office real estate investment trust (REIT).

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