Highwoods Properties Inc (HIW): Mark F Mulhern , SVP/CFO of Highwoods Properties Inc sold 12,124 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $48.75 per share for a total value of $591,045.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Theodore J Klinck (EVP/COO & Investment Officer) sold 12,397 shares at $48.86 per share price.On Mar 21, 2016, Edward J Fritsch (President & CEO) sold 29,323 shares at $47.10 per share price.Also, On Mar 8, 2016, Jeffrey Douglas Miller (SVP/General Counsel & Sec.) sold 11,744 shares at $46.27 per share price.On Mar 8, 2016, Kevin E Penn (SVP/Strategy & Admin) sold 3,685 shares at $46.01 per share price.
Shares of Highwoods Properties Inc (HIW) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.16 points or -0.33% at $48.69 with 3,29,303 shares getting traded. Post opening the session at $49.04, the shares hit an intraday low of $48.49 and an intraday high of $49.04 and the price vacillated in this range throughout the day. The company has a market cap of $4,743 M and the number of outstanding shares has been calculated to be 9,74,09,163 shares. The 52-week high of Highwoods Properties Inc is $49.08 and the 52-week low is $36.57.
Company has been under the radar of several Street Analysts.Highwoods Properties Inc is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 22, 2016.Highwoods Properties Inc is Downgraded by Sun Trust Rbsn Humphrey to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 17, 2016.
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.