NEW YORK ( TheStreet) -- Highwoods Properties Inc (NYSE: HIW) hit a new 52-week low Friday as it is currently trading at $29.18, below its previous 52-week low of $29.39 with 784,136 shares traded as of 12:03 p.m. ET. Average volume has been 728,100 shares over the past 30 days. Highwoods has a market cap of $2.4 billion and is part of the financial sector and real estate industry. Shares are down 3.7% 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 64.9, above the average real estate industry P/E ratio of 44.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Highwoods as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Highwoods Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.