Highwoods Properties Inc (NYSE:HIW) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 7, 2016
Zacks Investment Research has downgraded Highwoods Properties Inc (NYSE:HIW) to Hold in a report released on 10/07/2016.
Previously on 10/5/2016, Zacks Investment Research reported about Highwoods Properties Inc (NYSE:HIW) raised the target price from $0.00 to $56.00. At the time, this indicated a possible upside of 0.14%.
Yesterday Highwoods Properties Inc (NYSE:HIW) traded -0.18% lower at $49.42. The company’s 50-day moving average is $52.08 and its 200-day moving average is $50.44. The last stock close price is down -2.51% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 235,424 shares of the stock were exchanged, down from an average trading volume of 608,606
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Highwoods Properties Inc has a 52 week low of $38.08 and a 52 week high of $56.23 with a P/E ratio of 9.18 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $49.65 with 4 firms rating the stock a strong buy, 2 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Highwoods Properties Inc (NYSE:HIW)
Highwoods Properties, Inc. is a real estate investment trust. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third-parties. The Company is engaged in the business of operation, acquisition and development of real estate properties. The Company conducts its activities through Highwoods Realty Limited Partnership. The Company provides real estate services to its customers. 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 operates office, industrial, retail and residential properties. The Company holds interest in approximately 30 million rentable square feet of in-service properties, over 1.5 million rentable square feet of properties under development and approximately 500 acres of development land.
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