Investigating Potential Claims involving Highwoods Properties Inc. (HIW)
Have you suffered losses investing in Highwoods Properties Inc. at the advice of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you.
The Covid-19 global pandemic is causing uncertain times for commercial real estate owners. Some real estate investment trusts (REITs) have seen their stock dive 50% or more as thousands of businesses close their doors. In particular, mall REITs, hotel REITs and healthcare REITs are taking a big hit.
Highwoods Properties, Inc., a real estate investment trust, reportedly engages in the operation, acquisition and development of office properties and its markets include Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa.
Unfortunately for investors, shares of HIW are down -41.81% in the past 3 months.
Aggressive financial advisors may have unsuitably recommended HIW in an effort to chase yield. Investors who buy solely on the basis of the dividend may experience losses as the dividend is cut and the stock price declines in response.
If your financial advisor over-concentrated your portfolio, you may have a viable claim to recover your losses. Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector can be unsuitable for many investors.
Free Consultation with a Securities Attorney
If you are concerned about your investment losses in Highwoods Properties Inc., the White Law Group may be able to help you. Please call the offices at 888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.