The stock of Highwoods Properties, Inc. (HIW) has gone up by 3.67% for the week, with a 8.22% rise in the past month and a 29.15% rise in the past quarter. The volatility ratio for the week is 2.02%, and the volatility levels for the past 30 days are 1.95% for HIW. The simple moving average for the last 20 days is 4.82% for HIW stock, with a simple moving average of 29.25% for the last 200 days.
Is It Worth Investing in Highwoods Properties, Inc. (NYSE: HIW) Right Now?
Highwoods Properties, Inc. (NYSE: HIW) has a price-to-earnings ratio of 23.85x that is above its average ratio. Additionally, the 36-month beta value for HIW is 1.28. 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.”
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The public float for HIW is 104.20M and currently, short sellers hold a 4.81% ratio of that float. The average trading volume of HIW on September 20, 2024 was 799.53K shares.
HIW) stock’s latest price update
Highwoods Properties, Inc. (NYSE: HIW) has seen a rise in its stock price by 1.60 in relation to its previous close of 33.05. However, the company has experienced a 3.67% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-19 that Solid recovery in demand for premium office properties, a diverse tenant base and capital recycling augur well for HIW. Competition from peers is a risk.
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 9.50% 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 -0.62% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares surge +7.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.58% upper at present.
During the last 5 trading sessions, HIW rose by +3.67%, which changed the moving average for the period of 200-days by +63.96% in comparison to the 20-day moving average, which settled at $32.15. In addition, Highwoods Properties, Inc. saw 46.25% 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
- 0.49 for the gross margin
The net margin for Highwoods Properties, Inc. stands at 0.18. The total capital return value is set at 0.03. Equity return is now at value 6.20, with 2.53 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 0.13. The debt to equity ratio resting at 1.32. The interest coverage ratio of the stock is 1.1.
Currently, EBITDA for the company is 529.03 million with net debt to EBITDA at 6.12. When we switch over and look at the enterprise to sales, we see a ratio of 8.11. The receivables turnover for the company is 2.34for trailing twelve months and the total asset turnover is 0.14.
Conclusion
In conclusion, Highwoods Properties, Inc. (HIW) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
