- 4 insiders sold Highwoods Properties stock within one month.
- The stock was not purchased by any insiders in the month of intensive selling.
- All 4 of these insiders decreased their holdings by more than 10% each.
Highwoods Properties (NYSE:HIW) 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.
Insider selling during the last 30 days
Here is a table of Highwoods Properties' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Option Exercise & Sale||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|David Hartzell||Director||May 15||10,000||Yes||No||12,645 shares||44.2%|
|Sherry Kellett||Director||May 14||10,000||Yes||No||17,833 shares||35.9%|
|Jeffrey Miller||VP||May 2||24,251||Yes||No||67,525 shares + 12,355 options||23.3%|
|Edward Fritsch||CEO||May 2-5||106,897||Yes||No||387,408 shares + 210,196 options||15.2%|
There have been 151,148 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of Highwoods Properties' insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 632,341 shares sold, and there have been zero shares purchased by insiders since January 2013.
Highwoods Properties reported the first-quarter financial results on April 29 with the following highlights:
|Net income||$12.1 million|
The four insiders sold their shares after this report.
Highwoods Properties' 2014 FFO guidance is $2.86-$2.94 per share.
(Source: Investor presentation)
|Qtrly Rev Growth (yoy):||0.14||0.19||-0.01|
|PEG (5 yr expected):||3.92||2.85||-9.12|
Highwoods Properties has the second-highest P/S ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Boston Properties has also seen intensive insider selling during the last 30 days.
There have been four different insiders selling Highwoods Properties, and there have not been any insiders buying Highwoods Properties during the last 30 days. All four of these insiders decreased their holdings by more than 10% each. Highwoods Properties has an insider ownership of 2.41%.
Before going short Highwoods Properties, I would like to get a bearish confirmation from the Point & Figure chart. The main reason for the proposed short entry is the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.