NEW YORK ( TheStreet) -- Highwoods Properties Inc (NYSE: HIW) hit a new 52-week high Friday as it is currently trading at $37.05, above its previous 52-week high of $37.01 with 139,566 shares traded as of 11:31 a.m. ET. Average volume has been 760,700 shares over the past 30 days.

Highwoods has a market cap of $2.6 billion and is part of the financial sector and real estate industry. Shares are up 15.9% year to date as of the close of trading on Thursday.

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 42.5, below the average real estate industry P/E ratio of 50.1 and above the S&P 500 P/E ratio of 17.
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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, increase in stock price during the past year, good cash flow from operations 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.

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