Top Stock to Buy #4 — Highwoods Properties (HIW)
Highwoods Properties (NYSE:HIW) is an integrated real estate investment trust (REIT) that operates and develops office, industrial and retail properties throughout the Midwest and southwestern United States. Leasing activity is improving in many of Highwoods’ markets. Funds from operations (FFO) are expected to increase to $2.82 in 2013, up from $2.72 in 2012.
The stock is at the lower range of an uptrend, trading within a right triangle. Recently it flashed a buy signal from our internal indicator, the Collins-Bollinger Reversal (CBR), and its stochastic is undervalued and arching up.
The trading target for HIW is $36, and its long-term target is $40-plus. The stock has a current dividend yield of over 5%.