Highwoods Properties traded at $29.49 this Monday October 5th, decreasing $0.18 or 0.61 percent since the previous trading session. Looking back, over the last four weeks, Highwoods Properties lost 3.31 percent. Over the last 12 months, its price fell by 8.13 percent. Looking ahead, we forecast Highwoods Properties to be priced at 29.03 by the end of this quarter and at 27.18 in one year, according to Trading Economics global macro models projections and analysts expectations.
Highwoods Properties, Inc. is a real estate investment trust (REIT). The Company is engaged in the operation, acquisition, and development of rental real estate properties. The Company operates through two segments: Office and Other. It provides leasing, management, development, construction, and other customer-related services for its properties and for third parties. The Company conducts its activities through Highwoods Realty Limited Partnership. It owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. The Company owns interest in 27.3 million rentable square feet of in-service properties, 0.8 million rentable square feet of office properties under development and approximately 250 acres of development land.