Highwoods Stock Hits New 52-Week High (HIW)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Highwoods Properties (NYSE: HIW) hit a new 52-week high Wednesday as it is currently trading at $38.64, above its previous 52-week high of $38.63 with 42,325 shares traded as of 10:11 a.m. ET. Average volume has been 831,600 shares over the past 30 days.

Highwoods has a market cap of $3.1 billion and is part of the financial sector and real estate industry. Shares are up 15% year to date as of the close of trading on Tuesday.

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 64.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Highwoods as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Highwoods Ratings Report.

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