NEW YORK ( TheStreet) -- Highwoods Properties Inc (NYSE: HIW) is trading at unusually high volume Tuesday with 3.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $2.69 (+10%) at $29.50 as of 3:55 p.m. ET.

Highwoods has a market cap of $2.1 billion and is part of the financial sector and real estate industry. Shares are down 15.8% year to date as of the close of trading on Monday.

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 59.2, above the average real estate industry P/E ratio of 40.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Highwoods as a hold. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Highwoods Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
null

If you liked this article you might like

New Lifetime High For Highwoods Properties (HIW)

Highwoods Properties (HIW) Hits New Lifetime High

Highwoods Properties (HIW) Hits New Lifetime High Today

New Lifetime High Today: Highwoods Properties (HIW)

Highwoods Properties (HIW) Is Today's Strong And Under The Radar Stock