Oppenheimer Maintains Highwoods Properties Inc to Outperform with Price Target $62.00

Brokerage firm Oppenheimer Maintains its rating on Highwoods Properties Inc(NYSE:HIW). In a research note issued to the investors, the brokerage major Raises the price-target to $62.00 per share. The shares have been rated Outperform. The rating by Oppenheimer was issued on Aug 3, 2016.

In a different note, On Jul 15, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Highwoods Properties Inc. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Highwoods Properties Inc. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 12, 2016, Morgan Stanley said it Downgrades its rating on Highwoods Properties Inc. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Highwoods Properties Inc (HIW) made into the market gainers list on Fridays trading session with the shares advancing 0.15% or 0.08 points. Due to strong positive momentum, the stock ended at $53.7, which is also near the day’s high of $54.28. The stock began the session at $53.77 and the volume stood at 6,85,815 shares. The 52-week high of the shares is $56.23 and the 52 week low is $36.57. The company has a current market capitalization of $5,295 M and it has 9,86,11,821 shares in outstanding.

Highwoods Properties Inc(HIW) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $166.86M. Analysts had an estimated revenue of $164.21M. Earnings per share were $0.82. Analysts had estimated an EPS of $0.80.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Edward J Fritsch (President & CEO) sold 85,822 shares at $52.29 per share price.Also, On Jun 30, 2016, Jeffrey Douglas Miller (SVP/General Counsel & Sec.) sold 12,000 shares at $51.60 per share price.On May 27, 2016, Sherry A Kellett (director) sold 7,600 shares at $47.32 per share price, according to the Form-4 filing with the securities and exchange commission.

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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