Highwoods Properties (HIW) Shares are Down -1.67%

Highwoods Properties (HIW) has risen sharply, recording gains of 1.09% in the past 4 weeks. However, the stock has corrected -1.67% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.06% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 3.58%. Highwoods Properties (NYSE:HIW): stock turned positive on Friday. Though the stock opened at $53.77, the bulls momentum made the stock top out at $54.28 level for the day. The stock recorded a low of $53.51 and closed the trading day at $53.7, in the green by 0.15%. The total traded volume for the day was 685,815. The stock had closed at $53.62 in the previous days trading.


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 -19.78% . During last six month period, the net percent change held by insiders has seen a change of -19.78%. Also, In the latest statement by the brokerage house, Oppenheimer maintains its outlook on Highwoods Properties (NYSE:HIW). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $55 per share to $62 per share. The rating by the firm was issued on August 3, 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 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.

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