Highwoods Properties, Inc. (NYSE: HIW) has a higher price-to-earnings ratio of 17.29x compared to its average ratio. HIW has 36-month beta value of 1.24. Analysts have mixed views 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 6.22% ratio of that float. The average trading volume of HIW on April 19, 2024 was 1.33M shares.
HIW) stock’s latest price update
Highwoods Properties, Inc. (NYSE: HIW) has experienced a rise in its stock price by 0.59 compared to its previous closing price of 23.82. However, the company has seen a fall of -4.58% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-07 that U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024. Stagflation has crept back into the economic discussion over the past several weeks amid a resurgence in oil prices alongside economic data showing stubbornly lukewarm inflationary trends. Following two straight weeks of gains which had lifted the benchmark to record-highs, the S&P 500 declined by 0.9% this week. Real estate equities were among the laggards this week.
HIW’s Market Performance
Highwoods Properties, Inc. (HIW) has seen a -4.58% fall in stock performance for the week, with a -2.84% decline in the past month and a 9.96% surge in the past quarter. The volatility ratio for the week is 2.62%, and the volatility levels for the past 30 days are at 2.72% for HIW. The simple moving average for the last 20 days is -3.82% for HIW’s stock, with a simple moving average of 6.11% for the last 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 -1.74% 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 -8.79% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares sank -5.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.72% upper at present.
During the last 5 trading sessions, HIW fell by -4.58%, which changed the moving average for the period of 200-days by -3.11% in comparison to the 20-day moving average, which settled at $24.84. In addition, Highwoods Properties, Inc. saw 4.36% 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 6.86. The receivables turnover for the company is 2.43for trailing twelve months and the total asset turnover is 0.14.
Conclusion
To put it simply, Highwoods Properties, Inc. (HIW) has had a mixed 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.
