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In the latest session, Highwoods Properties, Inc. (NYSE: HIW) closed at $31.28 up 0.81% from its previous closing price of $31.03. In other words, the price has increased by $0.81 from its previous closing price. On the day, 0.53 million shares were traded. HIW stock price reached its highest trading level at $31.31 during the session, while it also had its lowest trading level at $30.68.
Ratios:
For a deeper understanding of Highwoods Properties, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 90.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.44. In the meantime, Its Debt-to-Equity ratio is 1.33 whereas as Long-Term Debt/Eq ratio is at 1.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on January 30, 2024, initiated with a Buy rating and assigned the stock a target price of $28.
On December 21, 2023, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $22 to $18.
BofA Securities Downgraded its Buy to Neutral on November 13, 2023, whereas the target price for the stock was revised from $29 to $20.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 22 ’24 when Evans Carlos E bought 20,000 shares for $23.67 per share. The transaction valued at 473,400 led to the insider holds 62,487 shares of the business.
Leary Brian M bought 1,000 shares of HIW for $17,670 on Oct 27 ’23. The EVP & COO now owns 92,386 shares after completing the transaction at $17.67 per share.
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 3383276032 and an Enterprise Value of 6570363904. As of this moment, Highwoods’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.21, and their Forward P/E ratio for the next fiscal year is 59.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.98 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 7.903 whereas that against EBITDA is 13.869.
Stock Price History:
Over the past 52 weeks, HIW has reached a high of $32.22, while it has fallen to a 52-week low of $17.06. The 50-Day Moving Average of the stock is 10.92%, while the 200-Day Moving Average is calculated to be 26.92%.
Shares Statistics:
For the past three months, HIW has traded an average of 844.53K shares per day and 649140 over the past ten days. A total of 105.71M shares are outstanding, with a floating share count of 104.06M. Insiders hold about 1.84% of the company’s shares, while institutions hold 107.24% stake in the company. Shares short for HIW as of 1722384000 were 4621420 with a Short Ratio of 5.47, compared to 1719532800 on 4436468. Therefore, it implies a Short% of Shares Outstanding of 4621420 and a Short% of Float of 8.870000000000001.
Dividends & Splits
According to the company, the forward annual dividend rate for HIW is 2.00, from 2.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.06445375The stock’s 5-year Average Dividend Yield is 6.06.
