Highwoods Properties, Inc (NYSE: HIW) is 37.33% higher on its value in year-to-date trading and has touched a low of $20.24 and a high of $36.78 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 $31.17 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $31.53, the stock is -2.21% and -5.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 1.15% at the moment leaves the stock 9.30% off its SMA200. HIW registered 50.86% gain for a year compared to 6-month gain of 23.45%. The firm has a 50-day simple moving average (SMA 50) of $33.3302 and a 200-day simple moving average (SMA200) of $28.808.
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The stock witnessed a -4.57% loss in the last 1 month and extending the period to 3 months gives it a -0.85%, and is -2.81% down 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 2.13% over the week and 2.01% over the month.
Highwoods Properties, Inc (HIW) has around 349 employees, a market worth around $3.34B and $829.71M in sales. Current P/E ratio is 23.64 and Fwd P/E is 62.45. Profit margin for the company is 17.05%. Distance from 52-week low is 55.78% and -14.27% from its 52-week high. The company has generated returns on investments over the last 12 months (2.49%).
Highwoods Properties, Inc quarterly earnings per share for the current quarter are estimated at 0.09 with sales reaching $203.14M over the same period.The EPS is expected to shrink by -21.92% this year, but quarterly earnings will post -0.75% year-over-year. Quarterly sales are estimated to shrink -1.80% in year-over-year returns.
484.0 institutions hold shares in Highwoods Properties, Inc (HIW), with institutional investors hold 110.07% of the company’s shares. The shares outstanding are 106.02M, and float is at 104.22M with Short Float at 4.12%. Institutions hold 108.20% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.84 million shares valued at $442.48 million. The investor’s holdings represent 15.9196 of the HIW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 16.76 million shares valued at $440.34 million to account for 15.8426 of the shares outstanding. The other top investors are COHEN & STEERS, INC. which holds 16.16 million shares representing 15.277 and valued at over $424.48 million, while STATE STREET CORP holds 6.7721 of the shares totaling 7.17 million with a market value of $188.23 million.
Highwoods Properties, Inc (HIW) Insider Activity
Highwoods Properties, Inc disclosed in a document filed with the SEC on Nov 06 ’24 that Hartzell David John (Director) sold a total of 6,173 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $33.26 per share for $0.21 million. Following the transaction, the insider now directly holds 28729.0 shares of the HIW stock.
Still, SEC filings show that on Feb 22 ’24, Evans Carlos E (Director) acquired 20,000 shares at an average price of $23.67 for $0.47 million. The insider now directly holds 62,487 shares of Highwoods Properties, Inc (HIW).
