The stock of Highwoods Properties Inc. (NYSE:HIW) decreased by -$0.09 on Friday to finish at $22.84, down -0.39 percent. The last five days have seen an average of 801,200 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$5.14. The average number of shares traded over the last 20 days was 931,045, while the average volume over the last 50 days totaled 1,035,642.
HIW stock dropped -7.49% since last month. On 08/18/23, the company’s shares reached a one-month low of $22.08. The stock touched a high of $32.48 on 02/02/23, after rallying from a low of $19.45 in 52 weeks. The price of HIW stock has declined by -18.37% or -$5.14 this year, reaching a new high 8 times. Still, the stock price is down -29.68% from the 52-week high.
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Insider Transactions
HIW stock investors should be aware that Highwoods Properties Inc. (HIW) stock had its last reported insider trading activity 158 days ago on Mar 23. On Mar 23, President and CEO Klinck Theodore J acquired 5,000 shares at $19.81 each. This transaction resulted in the insider spending $99,065. On Sep 28, Maiorana Brendan C added 1,500 shares at a price of US$27.21. After the transaction, the insider now owns 39,254 shares. President and CEO Klinck Theodore J had earlier bought 5,000 shares on Sep 22 for $28.25 a share. The transaction was completed for $141,252.
Valuation Metrics
Highwoods Properties Inc. (HIW) has a trailing price-to-earnings (P/E) ratio of 15.83. Beta for the stock is 1.17. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.89, the price-to-book (PB) ratio of 0.99, and the price-to-cash flow ratio of 15.64.
Company paid $0.50 per share in dividends, remained unchanged from $0.50 last year. A $0.02 dividend increase was reported on Wednesday July 28 2021.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.31, and the total debt to equity ratio is 1.31. As far as profitability goes, gross margin for the trailing twelve months is 68.00% percent. Highwoods Properties Inc.’s operating margin stood at 29.30% for the same period. Based on annual data, it had gross profit of $202.73 million and revenue of $828.93 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HIW’s return on assets (ROA) during the last 12 months has been 2.50%. There was a 3.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.20%.
Earnings Surprise
According to Highwoods Properties Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $207.29 million, while revenues rose by 1.66% to $212.75 million. It was predicted that Highwoods Properties Inc.’s quarterly earnings would be $0.4, but it ended up being $0.29, beating the consensus by 37.90%. EBITDA was $132.88 million for the quarter. At the end of Highwoods Properties Inc.’s most recent quarter ended June 29, its total debt was $3.2 billion. Equity owned by shareholders amounts to $105.68 million.
Technical Picture
Here’s a quick look at Highwoods Properties Inc.’s (HIW) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 38.64%, suggesting the stock is Neutral, with a 24.89% historical volatility rate.
The stochastic %K and %D were 29.89% and 23.63% respectively, while the average true range (ATR) was 0.60. Based on the 14-day stochastic reading of 27.84%, the RSI (14) reading is 40.16%. On the 9-day MACD Oscillator, the stock is at 0.19, and the 14-day reading is at -0.38.
Analyst Ratings
Highwoods Properties Inc. (NYSE: HIW) was downgraded by Morgan Stanley to a an Equal-weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Highwoods Properties Inc. (HIW) an Overweight rating. HIW is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is HIW’s price target for the next 12 months?
The current consensus forecast for the stock is between $22.00 and $35.00, with a median target price of $27.00. In analyzing these forecasts, the average price target given by analysts for Highwoods Properties Inc. (HIW) is $27.67.
