HIW - Highwoods Properties Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

Shares of Highwoods Properties Inc. (NYSE:HIW) traded at a new 52-week high today of $47.54. Approximately 99,000 shares have changed hands today, as compared to an average 30-day volume of 677,000 shares.

Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. Most of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.

In the past 52 weeks, shares of Highwoods Properties Inc. have traded between a low of $29.18 and a high of $47.54 and is now at $47.17, which is 62% above that low price.

Highwoods Properties Inc. (NYSE:HIW) has potential upside of 61.7% based on a current price of $47.17 and analysts' consensus price target of $76.26.

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