Gradient Investments buys $4,924,519 stake in Highwoods Properties Inc (HIW)

Highwoods Properties Inc (HIW) : Gradient Investments scooped up 6,291 additional shares in Highwoods Properties Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 14, 2016. The investment management firm now holds a total of 92,254 shares of Highwoods Properties Inc which is valued at $4,924,519.Highwoods Properties Inc makes up approximately 0.52% of Gradient Investments’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in HIW in the latest quarter, The investment management firm added 940 additional shares and now holds a total of 6,748 shares of Highwoods Properties Inc which is valued at $362,300. Highwoods Properties Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

Highwoods Properties Inc opened for trading at $53.2 and hit $53.47 on the upside on Monday, eventually ending the session at $53.38, with a gain of 0.49% or 0.26 points. The heightened volatility saw the trading volume jump to 8,11,866 shares. Company has a market cap of $5,200 M.

On the company’s financial health, Highwoods Properties Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.79. The company had revenue of $164.90 million for the quarter, compared to analysts expectations of $165.74 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on Highwoods Properties Inc. Highwoods Properties Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on May 12, 2016. Highwoods Properties Inc was Downgraded by Jefferies to ” Hold” 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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