Highwoods Properties Inc (HIW) Files Form 4 Insider Selling : Edward J Fritsch Sells 24,656 Shares

Highwoods Properties Inc (HIW): Edward J Fritsch , President & CEO of Highwoods Properties Inc sold 24,656 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $49.38 per share for a total value of $1,217,032.75 , 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 27, 2016, Sherry A Kellett (director) sold 7,600 shares at $47.32 per share price.On May 11, 2016, Mark F Mulhern (SVP/CFO) sold 12,124 shares at $48.75 per share price.Also, 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.

Highwoods Properties Inc (HIW) witnessed a volatile trading activity on Wednesday Jun 15, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $49.25 and reached the intraday high at $49.635. The bulls started the profit booking and pushed the shares to intraday low of $49.16. The trading session was marked by a volume range of 7,64,291 shares exchanging hands. The 52-week high of the shares is $49.77 and the 52-week low is $36.57. The market cap of the company stands at $4,791 M and there are 9,74,09,163 shares in public circulation.

Highwoods Properties Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Highwoods Properties Inc is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 12, 2016.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 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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