Highwoods Properties (HIW) : During the past 4 weeks, traders have been relatively bearish on Highwoods Properties (HIW), hence the stock is down -3.14% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.74% relative to the S&P 500. The 4-week change in the price of the stock is -2.77% and the stock has fallen -1.77% in the past 1 week.
Highwoods Properties Inc. is up 15.17% in the last 3-month period. Year-to-Date the stock performance stands at 24.31%. The stock has recorded a 20-day Moving Average of 2.46% and the 50-Day Moving Average is 0.78%.
Highwoods Properties (NYSE:HIW): The stock opened at $52.99 on Friday but the bulls could not build on the opening and the stock topped out at $53.13 for the day. The stock traded down to $52.69 during the day, due to lack of any buying support eventually closed down at $52.75 with a loss of -0.88% for the day. The stock had closed at $53.22 on the previous day. The total traded volume was 531,893 shares.
Also, Major Brokerage house, Oppenheimer maintains its ratings on Highwoods Properties (NYSE:HIW). In the latest research report, Oppenheimer raises the target price from $55 per share to $62 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. 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.