Copper Rock Capital Partners Lowers stake in Highwoods Properties Inc (HIW)

Highwoods Properties Inc (HIW) : Copper Rock Capital Partners reduced its stake in Highwoods Properties Inc by 0.51% during the most recent quarter end. The investment management company now holds a total of 455,544 shares of Highwoods Properties Inc which is valued at $21.5 Million after selling 2,350 shares in Highwoods Properties Inc according to a report filed by the company on Apr 5, 2016 with the SEC.Highwoods Properties Inc makes up approximately 1.88% of Copper Rock Capital Partners’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, Highwoods Properties Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.81. The company had revenue of $160.13 million for the quarter, compared to analysts expectations of $168.97 million. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on Highwoods Properties Inc. Highwoods Properties Inc was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Mar 17, 2016. Robert W. Baird Downgraded Highwoods Properties Inc on Jan 7, 2016 to ” Neutral”, Price Target of the shares are set at $47.

Highwoods Properties Inc opened for trading at $47.17 and hit $47.66 on the upside on Monday, eventually ending the session at $47.13, with a gain of 0.08% or 0.04 points. The heightened volatility saw the trading volume jump to 5,65,209 shares. Company has a market cap of $4,529 M.

Highwoods Properties Inc. is a real estate investment trust. The Company is engaged in the business of operation acquisition and development of real estate properties. It provides leasing management development construction and other customer-related services for its properties and for third parties. The Company operates office industrial retail and residential properties. The Company conducts its activities through Highwoods Realty Limited Partnership. The Company’s portfolio consists of office properties in Raleigh Atlanta Tampa Nashville Memphis Pittsburgh Richmond and Orlando; office and industrial properties in Greensboro and retail and office properties in Kansas City. The Company holds an interest of approximately 31.2 million rentable square feet of in-service properties 1.7 million rentable square feet of properties under development and approximately 500 acres of development land.

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