Highwoods Properties, Inc (NYSE: HIW) is -5.49% lower on its value in year-to-date trading and has touched a low of $23.52 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 $28.96 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $28.90, the stock is 0.40% and -0.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -0.21% at the moment leaves the stock -4.86% off its SMA200. HIW registered 17.58% gain for a year compared to 6-month loss of -11.65%. The firm has a 50-day simple moving average (SMA 50) of $29.0984 and a 200-day simple moving average (SMA200) of $30.3763.
The stock witnessed a -0.31% gain in the last 1 month and extending the period to 3 months gives it a -7.73%, and is 4.37% 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 2.18% over the week and 2.64% over the month.
Highwoods Properties, Inc (HIW) has around 350 employees, a market worth around $3.11B and $828.13M in sales. Current P/E ratio is 30.76 and Fwd P/E is 38.62. Profit margin for the company is 12.05%. Distance from 52-week low is 22.87% and -21.42% from its 52-week high. The company has generated returns on investments over the last 12 months (1.75%).
with sales reaching $201.31M over the same period.The EPS is expected to shrink by -25.94% this year, but quarterly earnings will post -1.04% year-over-year. Quarterly sales are estimated to shrink -4.72% in year-over-year returns.
494.0 institutions hold shares in Highwoods Properties, Inc (HIW), with institutional investors hold 105.77% of the company’s shares. The shares outstanding are 107.62M, and float is at 105.68M with Short Float at 3.68%. Institutions hold 103.88% 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 15.2494 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.
