Highwoods Properties, Inc (NYSE: HIW) is -4.28% lower on its value in year-to-date trading and has touched a low of $21.46 and a high of $36.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HIW stock was last observed hovering at around $29.01 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $29.27, the stock is -0.52% and -3.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 0.90% at the moment leaves the stock -2.38% off its SMA200. HIW registered 34.64% gain for a year compared to 6-month loss of -3.97%. The firm has a 50-day simple moving average (SMA 50) of $30.3992 and a 200-day simple moving average (SMA200) of $29.9592.
The stock witnessed a -2.14% gain in the last 1 month and extending the period to 3 months gives it a -11.41%, and is -0.98% 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 2.65% over the week and 2.61% over the month.
Highwoods Properties, Inc (HIW) has around 349 employees, a market worth around $3.10B and $829.71M in sales. Current P/E ratio is 21.95 and Fwd P/E is 52.74. Profit margin for the company is 17.05%. Distance from 52-week low is 36.39% and -20.42% from its 52-week high. The company has generated returns on investments over the last 12 months (2.49%).
with sales reaching $204.04M over the same period.The EPS is expected to shrink by -21.83% this year, but quarterly earnings will post -0.86% year-over-year. Quarterly sales are estimated to shrink -1.36% in year-over-year returns.
479.0 institutions hold shares in Highwoods Properties, Inc (HIW), with institutional investors hold 112.78% of the company’s shares. The shares outstanding are 106.02M, and float is at 104.22M with Short Float at 4.77%. Institutions hold 110.86% 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).
