Shares of Highwoods Properties (NYSE HIW) traded down 0.75% on Wednesday, hitting $50.54. Atwood & Palmer Inc sold 126,000 shares as the company's stock declined 1.10% while stock markets rallied. Envestnet Asset Management Inc. increased its stake in Highwoods Properties by 13.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,083 shares of the real estate investment trust's stock valued at $151,000 after buying an additional 369 shares during the period.
WARNING: "Brokers Issue Forecasts for Highwoods Properties, Inc.'s FY2018 Earnings (HIW)" was published by StockNewsTimes and is the property of of StockNewsTimes. 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 during the period. Credit Suisse AG boosted its stake in Highwoods Properties by 9.3% in the first quarter. Daiwa Securities Group Inc. now owns 4,503,381 shares of the real estate investment trust's stock worth $228,367,000 after buying an additional 230,723 shares during the last quarter. As of the end of the quarter Tiaa Cref Investment Management LLC had disposed of a total of 14,144 shares trimming its holdings by 3.9%. State Street Corp now owns 4,327,993 shares of the real estate investment trust's stock worth $212,634,000 after buying an additional 88,057 shares during the last quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust's stock valued at $160,000 after buying an additional 124 shares in the last quarter. Oppenheimer And Inc has invested 0.02% in Highwoods Properties Inc (NYSE:HIW).
The company is up from yesterday's close of $50.45. The stock has a 50-day moving average of $50.78 and a 200 day moving average of $50.78. Highwoods Properties, Inc.'s current price of $50.45 translates into 0.87% yield. The firm has a market capitalization of $5.16 billion, a P/E ratio of 39.86 and a beta of 0.88. As of the last earnings report the EPS was $1.25 and is expected to be $1.19 for the current year with 103,236,000 shares outstanding. It increased, as 18 investors sold Highwoods Properties Inc shares while 74 reduced holdings. The firm had revenue of $177.28 million for the quarter, compared to analyst estimates of $172.28 million. During the same period in the prior year, the business earned $0.32 EPS. Highwoods Properties had 15 analyst reports since August 6, 2015 according to SRatingsIntel. Comerica Commercial Bank has 0.03% invested in Highwoods Properties Inc (NYSE:HIW) for 84,254 shares.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. The stock of Highwoods Properties Inc (NYSE:HIW) has "Hold" rating given on Thursday, August 6 by Zacks.
Highwoods Properties, Inc.is an office real estate investment trust.
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Ratings analysis reveals 33% of Highwoods Properties's analysts are positive. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and worldwide copyright and trademark law. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2017/08/12/highwoods-properties-inc-hiw-shares-bought-by-renaissance-technologies-llc-updated-updated-updated.html.
HIW has been the subject of several research analyst reports. BidaskClub cut Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, July 12th. ValuEngine downgraded shares of Highwoods Properties from a buy rating to a hold rating in a research report on Friday, June 2nd.
On October 27 the stock rating was upgraded to "Buy" from "Hold" by analysts at Stifel Nicolaus. The company has an average rating of "Hold" and an average price target of $55.00.
In other news, COO Theodore J. Klinck sold 10,000 shares of the business's stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $52.51, for a total value of $525,100.00. Following the completion of the sale, the chief operating officer now owns 63,194 shares of the company's stock, valued at $3,318,316.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Moreover, Barings Real Estate Advisers Llc has 1.88% invested in the company for 108,532 shares. 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.