Putnam Fl Investment Management Co Lowers stake in Highwoods Properties Inc (HIW)

Highwoods Properties Inc (HIW) : Putnam Fl Investment Management Co reduced its stake in Highwoods Properties Inc by 11.43% during the most recent quarter end. The investment management company now holds a total of 311,619 shares of Highwoods Properties Inc which is valued at $15,711,830 after selling 40,200 shares in Highwoods Properties Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Highwoods Properties Inc makes up approximately 1.82% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in HIW by selling 3,500 shares or 5.05% in the most recent quarter. The Hedge Fund company now holds 65,800 shares of HIW which is valued at $3,218,278. Highwoods Properties Inc makes up approx 0.04% of Nisa Investment Advisors’s portfolio. Fox Run Management L.l.c. added HIW to its portfolio by purchasing 7,500 company shares during the most recent quarter which is valued at $366,825. Highwoods Properties Inc makes up approx 0.22% of Fox Run Management L.l.c.’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in HIW in the latest quarter, The investment management firm added 884 additional shares and now holds a total of 33,545 shares of Highwoods Properties Inc which is valued at $1,655,110. Highwoods Properties Inc makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Gradient Investments reduced its stake in HIW by selling 91,421 shares or 99.1% in the most recent quarter. The Hedge Fund company now holds 833 shares of HIW which is valued at $41,100.

Highwoods Properties Inc (HIW) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $50.4 and reached the intraday high at $50.71. The bulls started the profit booking and pushed the shares to intraday low of $49.99. The trading session was marked by a volume range of 4,46,500 shares exchanging hands. The 52-week high of the shares is $56.23 and the 52-week low is $38.08. The market cap of the company stands at $4,972 M and there are 9,86,11,821 shares in public circulation.

On the company’s financial health, Highwoods Properties Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.80. The company had revenue of $166.86 million for the quarter, compared to analysts expectations of $164.22 million. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

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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