Highwoods Properties (NYSE:HIW) has tumbled 0.18% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.61% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.02% and the outperformance has advanced to 5.63% for the last 4 weeks period.
Highwoods Properties (NYSE:HIW): The stock opened at $49.72 on Friday but the bulls could not build on the opening and the stock topped out at $49.88 for the day. The stock traded down to $48.84 during the day, due to lack of any buying support eventually closed down at $49.21 with a loss of -0.65% for the day. The stock had closed at $49.53 on the previous day. The total traded volume was 1,818,697 shares.
The company shares have rallied 18.07% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $49.88 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $48.05 and the 200 Day Moving Average price is recorded at $45.17.
On the companys insider trading activities,The director officer (President & CEO) of Highwoods Properties Inc, Fritsch Edward J sold 24,656 shares at $49.38 on June 15, 2016. The Insider selling transaction had a total value worth of $1,217,513. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Morgan Stanley downgrades its view on Highwoods Properties (NYSE:HIW) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. Morgan Stanley raises the price target from $47 per share to $50 per share on Highwoods Properties . The rating by the firm was issued on May 12, 2016. Currently the company Insiders own 2.1% of Highwoods Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -36.22% . During last six month period, the net percent change held by insiders has seen a change of -36.22%.
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 Companys 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.