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Highwoods Properties Inc (NYSE:HIW) target bumped up to $56.00, issued a research note today by Zacks Investment Research

Just yesterday Highwoods Properties Inc (NYSE:HIW) traded -2.96% lower at $48.96. Highwoods Properties Inc’s 50-day moving average is $52.31 and its 200-day moving average is $50.46. The last stock price is down -3.21% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 843,989 shares of HIW traded, up from an avg. volume of 605,777

In a report released on 10/5/2016 Zacks Investment Research increased the stock price target of Highwoods Properties Inc (NYSE:HIW) to $56.00 reporting a possible upside of 0.14%.

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Highwoods Properties Inc (NYSE:HIW)

Highwoods Properties Inc has PE ratio of 9.12 with a one year low of $38.08 and a one year high of $56.23 and has a market capitalization of $0.

A total of 10 firms have released a report on Highwoods Properties Inc. Four equity analysts rating the company a strong buy, 2 brokerages rating the stock a buy, 7 firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell with a 12-month price target of $49.65.

General Company Details For 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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