Why Highwoods Properties, Inc. (HIW) Is in Such Horrid Condition

Highwoods Properties, Inc. (NYSE:HIW) went up by 0.36% from its latest closing price compared to the recent 1-year high of $52.76. The company’s stock price has collected 0.06% of gains in the last five trading sessions. Press Release reported on 08/13/20 that Highwoods Announces Pricing of Tender Offer for Up to $150,000,000 of Outstanding 3.20% Notes due 2021

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Is It Worth Investing in Highwoods Properties, Inc. (NYSE :HIW) Right Now?

Highwoods Properties, Inc. (NYSE:HIW) scored a price-to-earnings ratio above its average ratio, recording 12.33 x from its present earnings ratio. Plus, the 36-month beta value for HIW is at 0.94. Opinions of the stock are interesting as 6 analysts out of 12 who provided ratings for Highwoods Properties, Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $44.27, which is $8.39 above the current price. HIW currently public float of 102.61M and currently shorts hold a 1.35% ratio of that float. Today, the average trading volume of HIW was 760.84K shares.

HIW’s Market Performance

HIW stocks went up by 0.06% for the week, with a monthly drop of -5.68% and a quarterly performance of -13.10%, while its annual performance rate touched -20.18%. The volatility ratio for the week stands at 2.33% while the volatility levels for the past 30 days are set at 2.59% for Highwoods Properties, Inc.. The simple moving average for the period of the last 20 days is -2.75% for HIW stocks with a simple moving average of -12.69% for the last 200 days.

Analysts’ Opinion of HIW

Many brokerage firms have already submitted their reports for HIW stocks, with Morgan Stanley repeating the rating for HIW by listing it as a “Overweight.” The predicted price for HIW in the upcoming period, according to Morgan Stanley is $44 based on the research report published on June 25th of the current year 2020.

Mizuho, on the other hand, stated in their research note that they expect to see HIW reach a price target of $45, previously predicting the value of $51. The rating they have provided for HIW stocks is “Buy” according to the report published on April 28th, 2020.

Robert W. Baird gave a rating of “ Outperform” to HIW, setting the target price at $40 in the report published on April 6th of the current year.

HIW Trading at -4.12% from the 50-Day Moving Average

After a stumble in the market that brought HIW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.99% of loss for the given period.

Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -6.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.93% lower at present.

During the last 5 trading sessions, HIW rose by +0.06%, which changed the moving average for the period of 200-days by -26.25% in comparison to the 20-day moving average, which settled at $36.77. In addition, Highwoods Properties, Inc. saw -26.64% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HIW starting from Miller Jeffrey Douglas, who bought 1,000 shares at the price of $35.99 back on Mar 13. After this action, Miller Jeffrey Douglas now owns 95,730 shares of Highwoods Properties, Inc., valued at $35,990 using the latest closing price.

Klinck Theodore J, the President and CEO of Highwoods Properties, Inc., bought 10,000 shares at $36.25 during a trade that took place back on Mar 12, which means that Klinck Theodore J is holding 144,989 shares at $362,500 based on the most recent closing price.

Stock Fundamentals for HIW

Current profitability levels for the company are sitting at:

  • +16.26 for the present operating margin
  • +33.30 for the gross margin

The net margin for Highwoods Properties, Inc. stands at +18.38. The total capital return value is set at 2.59, while invested capital returns managed to touch 3.02. Equity return is now at value 14.00, with 6.10 for asset returns.

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Based on Highwoods Properties, Inc. (HIW), the company’s capital structure generated 119.82 points at debt to equity in total, while total debt to capital is 54.51. Total debt to assets is 50.19, with long-term debt to equity ratio resting at 2.31. Finally, the long-term debt to capital ratio is 121.44.

When we switch over and look at the enterprise to sales, we see a ratio of 10.68, with the company’s debt to enterprise value settled at 0.32. The receivables turnover for the company is 2.92 and the total asset turnover is 0.15.

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