In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Highwoods Properties, Inc. (NYSE: HIW) closed at $23.96 up 0.59% from its previous closing price of $23.82. In other words, the price has increased by $0.59 from its previous closing price. On the day, 0.76 million shares were traded. HIW stock price reached its highest trading level at $24.2 during the session, while it also had its lowest trading level at $23.77.
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 80.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.67. 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 2590986496 and an Enterprise Value of 5896086016. As of this moment, Highwoods’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.29, and their Forward P/E ratio for the next fiscal year is 58.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.03 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 7.06 whereas that against EBITDA is 12.328.
Stock Price History:
Over the past 52 weeks, HIW has reached a high of $26.27, while it has fallen to a 52-week low of $17.06. The 50-Day Moving Average of the stock is -1.74%, while the 200-Day Moving Average is calculated to be 6.11%.
Shares Statistics:
For the past three months, HIW has traded an average of 1.33M shares per day and 780200 over the past ten days. A total of 105.71M shares are outstanding, with a floating share count of 103.90M. Insiders hold about 1.71% of the company’s shares, while institutions hold 104.76% stake in the company. Shares short for HIW as of 1711584000 were 6459866 with a Short Ratio of 4.87, compared to 1709164800 on 4849858. Therefore, it implies a Short% of Shares Outstanding of 6459866 and a Short% of Float of 12.4.
Dividends & Splits
According to the company, the forward annual dividend rate for HIW is 2.00, from 2.0 in the trailing year. The stock’s 5-year Average Dividend Yield is 5.86.
Earnings Estimates
The stock of Highwoods Properties, Inc. (HIW) is currently being evaluated by Hartford Financial Services Gro analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $268.84, with high estimates of $4.38 and low estimates of $23.96.
Analysts are recommending an EPS of between $Financial Services and $Real Estate for the fiscal current year, implying an average EPS of $Industrials.
