Highwoods Properties Inc (HIW) Files Form 4 Insider Selling : Edward J Fritsch Sells 85,822 Shares

Highwoods Properties Inc (HIW): Edward J Fritsch , President & CEO of Highwoods Properties Inc sold 85,822 shares on Jun 29, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $52.29 per share for a total value of $4,486,183.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 30, 2016, Jeffrey Douglas Miller (SVP/General Counsel & Sec.) sold 12,000 shares at $51.60 per share price.On Jun 17, 2016, Edward J Fritsch (President & CEO) sold 24,656 shares at $49.38 per share price.Also, 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.

Highwoods Properties Inc: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Highwoods Properties Inc which led to swings in the share price. The shares opened for trading at $51.9 and hit $52.28 on the upside , eventually ending the session at $52.07, with a gain of 1.13% or 0.58 points. The heightened volatility saw the trading volume jump to 11,45,728 shares. The 52-week high of the share price is $52.28 and the company has a market cap of $5,072 M . The 52-week low of the share price is at $36.57.

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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