The price-to-earnings ratio for Highwoods Properties, Inc. (NYSE: HIW) is 18.54x, which is above its average ratio. Moreover, the 36-month beta value for HIW is 1.22. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for HIW is 103.90M and currently, short sellers hold a 4.67% of that float. On March 22, 2024, HIW’s average trading volume was 1.38M shares.
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HIW) stock’s latest price update
Highwoods Properties, Inc. (NYSE: HIW) has seen a rise in its stock price by 1.34 in relation to its previous close of 25.35. However, the company has experienced a 5.29% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-19 that Highwoods Properties, Inc. is a North Carolina-based office REIT with a strong presence in Sunbelt markets. Highwoods Properties has a well-maintained balance sheet, with strong debt metrics and available liquidity. The company has a development pipeline and a healthy land bank that could result in significant build-out in the coming years.
HIW’s Market Performance
Highwoods Properties, Inc. (HIW) has experienced a 5.29% rise in stock performance for the past week, with a 7.85% rise in the past month, and a 11.12% rise in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 2.60% for HIW. The simple moving average for the past 20 days is 5.09% for HIW’s stock, with a 14.90% simple moving average for the past 200 days.
Analysts’ Opinion of HIW
Many brokerage firms have already submitted their reports for HIW stocks, with Deutsche Bank repeating the rating for HIW by listing it as a “Buy.” The predicted price for HIW in the upcoming period, according to Deutsche Bank is $28 based on the research report published on January 30, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see HIW reach a price target of $18, previously predicting the price at $22. The rating they have provided for HIW stocks is “Underweight” according to the report published on December 21st, 2023.
BofA Securities gave a rating of “Neutral” to HIW, setting the target price at $20 in the report published on November 13th of the previous year.
HIW Trading at 9.11% 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 -2.21% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +7.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.31% upper at present.
During the last 5 trading sessions, HIW rose by +5.29%, which changed the moving average for the period of 200-days by +23.27% in comparison to the 20-day moving average, which settled at $24.54. In addition, Highwoods Properties, Inc. saw 11.89% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HIW starting from Evans Carlos E, who purchase 20,000 shares at the price of $23.67 back on Feb 22 ’24. After this action, Evans Carlos E now owns 62,487 shares of Highwoods Properties, Inc., valued at $473,400 using the latest closing price.
Leary Brian M, the EVP & COO of Highwoods Properties, Inc., purchase 1,000 shares at $17.67 during a trade that took place back on Oct 27 ’23, which means that Leary Brian M is holding 92,386 shares at $17,670 based on the most recent closing price.
Stock Fundamentals for HIW
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.68 for the gross margin
The net margin for Highwoods Properties, Inc. stands at 0.14. The total capital return value is set at 0.03. Equity return is now at value 6.06, with 2.46 for asset returns.
Based on Highwoods Properties, Inc. (HIW), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.32. The interest coverage ratio of the stock is 1.25.
Currently, EBITDA for the company is 529.03 million with net debt to EBITDA at 6.03. When we switch over and look at the enterprise to sales, we see a ratio of 7.08. The receivables turnover for the company is 2.43for trailing twelve months and the total asset turnover is 0.14.
Conclusion
To wrap up, the performance of Highwoods Properties, Inc. (HIW) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
