The SVP of Highwoods Properties (NYSE: HIW) is Selling Shares

By George MacDonald

Today, the SVP of Highwoods Properties (NYSE: HIW), Jeffrey Douglas Miller, sold shares of HIW for $617.5k.

Following Jeffrey Douglas Miller’s last HIW Sell transaction on March 08, 2016, the stock climbed by 6.8%. In addition to Jeffrey Douglas Miller, one other HIW executive reported Sell trades in the last month.

The company has a one year high of $52.28 and a one year low of $35.52. HIW’s market cap is $5.07B and the company has a P/E ratio of 47.00%. Currently, Highwoods Properties has an average volume of 1.37M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $51.67, reflecting a 2.2% upside.

Looking at blogger coverage of HIW, there is a 100% Bullish tendency on the stock, in relation to a 72% average bullish tendency within the Financial sector.

Over the last 3 months, the insider sentiment on Highwoods Properties has been negative based on 32 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Highwoods Properties, Inc. is a real estate investment trust. It provides leasing, management, development, construction and other customer-related services for its properties and for third parties. Its engages in operation, acquisition and development of rental real estate properties. The company was founded by Ronald P. Gibson in 1994 and is headquartered in Raleigh, NC.