Highwoods Properties (HIW) Earning Somewhat Favorable Press Coverage, Accern Reports
News articles about Highwoods Properties (NYSE:HIW) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Highwoods Properties earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.4724004372161 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of brokerages recently issued reports on HIW. ValuEngine raised Highwoods Properties from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Bank of America increased their price target on Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Edward Jones downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Finally, SunTrust Banks set a $52.00 price target on Highwoods Properties and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Highwoods Properties presently has an average rating of “Hold” and a consensus target price of $54.80.
Shares of Highwoods Properties (NYSE:HIW) opened at $47.66 on Friday. The stock has a market capitalization of $4,920.00, a P/E ratio of 33.10, a P/E/G ratio of 3.07 and a beta of 0.87. Highwoods Properties has a 12-month low of $47.62 and a 12-month high of $53.34. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.20.
In other Highwoods Properties news, Director Sherry A. Kellett sold 1,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $51.70, for a total transaction of $51,700.00. Following the completion of the sale, the director now directly owns 11,744 shares in the company, valued at $607,164.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sherry A. Kellett sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total value of $101,280.00. Following the sale, the director now owns 13,744 shares of the company’s stock, valued at $695,996.16. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.
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Highwoods Properties Company Profile
Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
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