The stock of Highwoods Properties Inc. (HIW) has seen a -3.79% decrease in the past week, with a -0.22% drop in the past month, and a -0.13% decrease in the past quarter. The volatility ratio for the week is 2.80%, and the volatility levels for the past 30 days are at 2.34% for HIW. The simple moving average for the past 20 days is -1.60% for HIW’s stock, with a -8.22% simple moving average for the past 200 days.
Is It Worth Investing in Highwoods Properties Inc. (NYSE: HIW) Right Now?
Highwoods Properties Inc. (NYSE: HIW) has a higher price-to-earnings ratio of 15.85x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.17. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Highwoods Properties Inc. (HIW) is $26.63, which is $4.24 above the current market price. The public float for HIW is 103.99M, and currently, short sellers hold a 4.65% ratio of that float. The average trading volume of HIW on September 18, 2023 was 1.05M shares.
HIW) stock’s latest price update
The stock price of Highwoods Properties Inc. (NYSE: HIW) has surged by 0.13 when compared to previous closing price of 22.84, but the company has seen a -3.79% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-06 that Highwoods Properties is an office REIT focused on high growth markets in the Sunbelt region. The tenant mix is very traditional, putting HIW in danger of low occupancies due to the work from home trend. I present my article on HIW, issuing a hold rating.
Analysts’ Opinion of HIW
Many brokerage firms have already submitted their reports for HIW stocks, with Wells Fargo repeating the rating for HIW by listing it as a “Equal Weight.” The predicted price for HIW in the upcoming period, according to Wells Fargo is $22 based on the research report published on August 30, 2023 of the current year 2023.
HIW Trading at -5.60% 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 -28.26% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares surge +0.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.81% lower at present.
During the last 5 trading sessions, HIW fell by -3.79%, which changed the moving average for the period of 200-days by -20.48% in comparison to the 20-day moving average, which settled at $23.25. In addition, Highwoods Properties Inc. saw -18.26% 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 Klinck Theodore J, who purchase 5,000 shares at the price of $19.81 back on Mar 23. After this action, Klinck Theodore J now owns 337,177 shares of Highwoods Properties Inc., valued at $99,065 using the latest closing price.
Maiorana Brendan C, the EVP, CFO of Highwoods Properties Inc., purchase 1,500 shares at $27.21 during a trade that took place back on Sep 28, which means that Maiorana Brendan C is holding 39,254 shares at $40,813 based on the most recent closing price.
Stock Fundamentals for HIW
Current profitability levels for the company are sitting at:
- +29.14 for the present operating margin
- +34.17 for the gross margin
The net margin for Highwoods Properties Inc. stands at +18.94. The total capital return value is set at 4.36, while invested capital returns managed to touch 2.95. Equity return is now at value 6.20, with 2.50 for asset returns.
Based on Highwoods Properties Inc. (HIW), the company’s capital structure generated 130.12 points at debt to equity in total, while total debt to capital is 56.54. Total debt to assets is 53.15, with long-term debt to equity ratio resting at 131.36. Finally, the long-term debt to capital ratio is 56.42.
When we switch over and look at the enterprise to sales, we see a ratio of 6.60, with the company’s debt to enterprise value settled at 0.52. The receivables turnover for the company is 2.78 and the total asset turnover is 0.14.
Conclusion
To put it simply, Highwoods Properties Inc. (HIW) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
