Today, the EVP, GC & Sec of Highwoods Properties, Jeffrey Douglas Miller, exercised options of Highwoods Properties (NYSE: HIW) for $187K.
Following Jeffrey Douglas Miller’s last HIW Sell transaction on June 14, 2018, the stock climbed by 2.1%.
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Based on Highwoods Properties’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $181 million and quarterly net profit of $33.07 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 $5.21B and the company has a P/E ratio of 28.34. Currently, Highwoods Properties has an average volume of 790K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $53.25, reflecting a -4.7% downside.
The insider sentiment on Highwoods Properties has been negative according to 23 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Jeffrey Douglas Miller’s trades have generated a -8.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
