The price-to-earnings ratio for Highwoods Properties, Inc. (NYSE: HIW) is above average at 18.69x. The 36-month beta value for HIW is also noteworthy at 1.23. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for HIW is 103.90M, and at present, short sellers hold a 6.22% of that float. The average trading volume of HIW on April 25, 2024 was 1.28M shares.
HIW) stock’s latest price update
The stock of Highwoods Properties, Inc. (NYSE: HIW) has increased by 1.97 when compared to last closing price of 25.40. Despite this, the company has experienced a 8.73% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that Though Highwoods’ (HIW) Q1 results reflect year-over-year growth in rent, a fall in occupancy and higher interest expenses act as dampeners.
HIW’s Market Performance
HIW’s stock has risen by 8.73% in the past week, with a monthly rise of 3.06% and a quarterly rise of 16.40%. The volatility ratio for the week is 2.97% while the volatility levels for the last 30 days are 2.74% for Highwoods Properties, Inc. The simple moving average for the past 20 days is 4.53% for HIW’s stock, with a 14.71% 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 5.69% 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 -1.41% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares surge +4.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.28% upper at present.
During the last 5 trading sessions, HIW rose by +8.73%, which changed the moving average for the period of 200-days by +4.65% in comparison to the 20-day moving average, which settled at $24.83. In addition, Highwoods Properties, Inc. saw 12.80% 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:
- 0.19 for the present operating margin
- 0.67 for the gross margin
The net margin for Highwoods Properties, Inc. stands at 0.11. 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 0.58 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 1.36. The interest coverage ratio of the stock is 1.14.
Currently, EBITDA for the company is 529.03 million with net debt to EBITDA at 6.23. When we switch over and look at the enterprise to sales, we see a ratio of 7.19. The receivables turnover for the company is 2.41for trailing twelve months and the total asset turnover is 0.14.
Conclusion
In summary, Highwoods Properties, Inc. (HIW) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
