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Highwoods Properties, Inc (NYSE: HIW) closed the day trading at $29.29 up 0.21% from the previous closing price of $29.23. In other words, the price has increased by $0.21 from its previous closing price. On the day, 0.67 million shares were traded. HIW stock price reached its highest trading level at $29.355 during the session, while it also had its lowest trading level at $28.69.
Ratios:
For a better understanding of HIW, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 91.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.61. In the meantime, Its Debt-to-Equity ratio is 1.40 whereas as Long-Term Debt/Eq ratio is at 1.40.
On January 30, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $28.
Morgan Stanley Downgraded its Equal-Weight to Underweight on December 21, 2023, whereas the target price for the stock was revised from $22 to $18.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 06 ’24 when DAVID J. HARTZELL bought 6,173 shares for $33.26 per share.
Hartzell David John sold 6,173 shares of HIW for $205,314 on Nov 06 ’24. The Director now owns 28,729 shares after completing the transaction at $33.26 per share. On Feb 22 ’24, another insider, Evans Carlos E, who serves as the Director of the company, bought 20,000 shares for $23.67 each. As a result, the insider paid 473,400 and bolstered with 62,487 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HIW now has a Market Capitalization of 3168357888 and an Enterprise Value of 6482524160. As of this moment, Highwoods’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.96, and their Forward P/E ratio for the next fiscal year is 54.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.74 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at 7.817 whereas that against EBITDA is 13.747.
Stock Price History:
Over the past 52 weeks, HIW has reached a high of $36.78, while it has fallen to a 52-week low of $21.37. The 50-Day Moving Average of the stock is -7.48%, while the 200-Day Moving Average is calculated to be -0.85%.
Shares Statistics:
Over the past 3-months, HIW traded about 998.41K shares per day on average, while over the past 10 days, HIW traded about 693530 shares per day. A total of 106.02M shares are outstanding, with a floating share count of 104.22M. Insiders hold about 1.70% of the company’s shares, while institutions hold 107.02% stake in the company. Shares short for HIW as of 1734048000 were 4382180 with a Short Ratio of 4.39, compared to 1731628800 on 4288775. Therefore, it implies a Short% of Shares Outstanding of 4382180 and a Short% of Float of 8.41.
Dividends & Splits
HIW’s forward annual dividend rate is 2.00, up from 2.0 a year ago. Against a Trailing Annual Dividend Yield of 0.068422854The stock’s 5-year Average Dividend Yield is 6.24.
