Highwoods Properties Inc (NYSE:HIW) Institutional Investors Sentiment Index Dropped in Q2 2018

October 2, 2018 - By Hazel Jackson

Highwoods Properties, Inc. (NYSE:HIW) Logo

Sentiment for Highwoods Properties Inc (NYSE:HIW)

Highwoods Properties Inc (NYSE:HIW) institutional sentiment decreased to 1.19 in Q2 2018. Its down -0.20, from 1.39 in 2018Q1. The ratio dropped, as 124 hedge funds increased and opened new stock positions, while 104 decreased and sold positions in Highwoods Properties Inc. The hedge funds in our partner’s database now possess: 90.79 million shares, up from 90.49 million shares in 2018Q1. Also, the number of hedge funds holding Highwoods Properties Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 23 Reduced: 81 Increased: 90 New Position: 34.

Highwoods Properties, Inc. is a real estate investment trust. The company has market cap of $5.00 billion. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It has a 24.73 P/E ratio. It invests in the real estate markets of United States.

The stock increased 0.30% or $0.14 during the last trading session, reaching $47.08. About 116,364 shares traded. Highwoods Properties, Inc. (NYSE:HIW) has declined 6.35% since October 2, 2017 and is downtrending. It has underperformed by 21.97% the S&P500.

Analysts await Highwoods Properties, Inc. (NYSE:HIW) to report earnings on October, 23. They expect $0.85 earnings per share, down 1.16 % or $0.01 from last year’s $0.86 per share. HIW’s profit will be $90.33M for 13.85 P/E if the $0.85 EPS becomes a reality. After $0.87 actual earnings per share reported by Highwoods Properties, Inc. for the previous quarter, Wall Street now forecasts -2.30 % negative EPS growth.

Garland Capital Management Inc holds 2.92% of its portfolio in Highwoods Properties, Inc. for 82,705 shares. Green Street Investors Llc owns 93,950 shares or 2.49% of their US portfolio. Moreover, Adelante Capital Management Llc has 2.08% invested in the company for 713,704 shares. The Illinois-based Heitman Real Estate Securities Llc has invested 1.44% in the stock. Aurora Investment Counsel, a Georgia-based fund reported 49,548 shares.

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $236,048 activity.

Highwoods Properties, Inc. (NYSE:HIW) Ratings Coverage

Ratings analysis reveals 60% of Highwoods Properties’s analysts are positive. Out of 5 Wall Street analysts rating Highwoods Properties, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $46 while the high is $6000. The stock’s average target of $50.25 is 6.73% above today’s ($47.08) share price. HIW was included in 5 notes of analysts from April 20, 2018. The firm has “Equal-Weight” rating given on Thursday, June 14 by Morgan Stanley. Jefferies maintained it with “Hold” rating and $4600 target in Tuesday, April 24 report. The rating was upgraded by Stifel Nicolaus on Friday, June 1 to “Buy”.

Another recent and important Highwoods Properties, Inc. (NYSE:HIW) news was published by Globenewswire.com which published an article titled: “Highwoods Reports No Damage From Hurricane Florence” on September 16, 2018.

Highwoods Properties, Inc. (NYSE:HIW) Institutional Positions Chart

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