NEW YORK ( TheStreet) -- Highwoods Properties Inc (NYSE: HIW) hit a new 52-week high Thursday as it is currently trading at $35.54, above its previous 52-week high of $35.47 with 112,946 shares traded as of 10:47 a.m. ET. Average volume has been 758,200 shares over the past 30 days. Highwoods has a market cap of $2.5 billion and is part of the financial sector and real estate industry. Shares are up 8.7% year to date as of the close of trading on Wednesday. Highwoods Properties, Inc. is a real estate investment trust. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It invests in the real estate markets of United States. The company has a P/E ratio of 40.3, below the average real estate industry P/E ratio of 47.4 and above the S&P 500 P/E ratio of 16.4.
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TheStreet Ratings rates Highwoods as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, good cash flow from operations, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Highwoods Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.