Highwoods Properties, Inc. (NYSE: HIW) is 12.94% higher on its value in year-to-date trading and has touched a low of $17.06 and a high of $26.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HIW stock was last observed hovering at around $24.85 in the last trading session, with the day’s gains setting it 1.08%.
Currently trading at $25.93, the stock is 4.79% and 9.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 4.35% at the moment leaves the stock 15.65% off its SMA200. HIW registered 21.51% gain for a year compared to 6-month gain of 28.11%. The firm has a 50-day simple moving average (SMA 50) of $7.14 and a 200-day simple moving average (SMA200) of $10.12.
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The stock witnessed a 9.73% loss in the last 1 month and extending the period to 3 months gives it a 11.62%, and is 2.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.82% over the week and 2.75% over the month.
Highwoods Properties, Inc. (HIW) has around 349 employees, a market worth around $2.74B and $836.36M in sales. Current P/E ratio is 18.71 and Fwd P/E is 63.27. Profit margin for the company is 17.48%. Distance from 52-week low is 52.04% and -1.29% from its 52-week high. The company has generated returns on investments over the last 12 months (2.58%).
Highwoods Properties, Inc. quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $206.78M over the same period.The EPS is expected to shrink by -50.28% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to shrink -2.80% in year-over-year returns.
446 institutions hold shares in Highwoods Properties, Inc. (HIW), with institutional investors hold 107.47% of the company’s shares. The shares outstanding are 105.71M, and float is at 103.90M with Short Float at 4.40%. Institutions hold 105.65% of the Float.
The top institutional shareholder in the company is Cohen & Steers Inc. with over 17.5 million shares valued at $418.43 million. The investor’s holdings represent 16.56% of the HIW Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 16.23 million shares valued at $388.09 million to account for 15.36% of the shares outstanding. The other top investors are Blackrock Inc. which holds 12.75 million shares representing 12.06% and valued at over $304.8 million, while State Street Corporation holds 6.51% of the shares totaling 6.88 million with a market value of $164.39 million.
Highwoods Properties, Inc. (HIW) Insider Activity
The most recent transaction is an insider purchase by Evans Carlos E, the company’s Director. SEC filings show that Evans Carlos E bought 20,000 shares of the company’s common stock on Feb 22 ’24 at a price of $23.67 per share for a total of $0.47 million. Following the purchase, the insider now owns 62487.0 shares.
Highwoods Properties, Inc. disclosed in a document filed with the SEC on Oct 27 ’23 that Leary Brian M (EVP & COO) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Oct 27 ’23 and was made at $17.67 per share for $17670.0. Following the transaction, the insider now directly holds 92386.0 shares of the HIW stock.
