Today it was reported that the EVP & CFO of Highwoods Properties (NYSE: HIW), Mark Mulhern, exercised options to sell 14,141 HIW shares at $41.68 a share, for a total transaction value of $706.5K.
Following Mark Mulhern’s last HIW Sell transaction on May 11, 2016, the stock climbed by 6.7%.
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Based on Highwoods Properties’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $179 million and quarterly net profit of $51.31 million. In comparison, last year the company earned revenue of $177 million and had a net profit of $38.21 million. HIW’s market cap is $5.18B and the company has a P/E ratio of 26.30. Currently, Highwoods Properties has an average volume of 317.8K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $51.75, reflecting a -4.5% downside.
The insider sentiment on Highwoods Properties has been negative according to 24 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Highwoods Properties, Inc. is a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the Office, and Other segments. Its markets includes atlanta, greensboro, memphis, nashville, orlando, pittsburgh, raleigh, richmond, and tampa.
