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The closing price of Highwoods Properties, Inc. (NYSE: HIW) was $25.60 for the day, down -1.16% from the previous closing price of $25.90. In other words, the price has decreased by -$1.16 from its previous closing price. On the day, 1.39 million shares were traded. HIW stock price reached its highest trading level at $25.72 during the session, while it also had its lowest trading level at $25.43.
Ratios:
Our analysis of HIW’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 99.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.61. In the meantime, Its Debt-to-Equity ratio is 1.37 whereas as Long-Term Debt/Eq ratio is at 1.37.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2768716800 and an Enterprise Value of 6049252864. As of this moment, Highwoods’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.05, and their Forward P/E ratio for the next fiscal year is 62.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.25 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 7.257 whereas that against EBITDA is 12.799.
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 4.36%, while the 200-Day Moving Average is calculated to be 13.35%.
Shares Statistics:
HIW traded an average of 1.27M shares per day over the past three months and 872010 shares per day over the past ten days. A total of 105.71M shares are outstanding, with a floating share count of 104.18M. Insiders hold about 1.71% of the company’s shares, while institutions hold 104.77% stake in the company. Shares short for HIW as of 1713139200 were 6937092 with a Short Ratio of 5.46, compared to 1710460800 on 4574705. Therefore, it implies a Short% of Shares Outstanding of 6937092 and a Short% of Float of 13.319999.
Dividends & Splits
With its trailing 12-month dividend rate of 2.0, HIW has a forward annual dividend rate of 2.00. Against a Trailing Annual Dividend Yield of 0.077220075The stock’s 5-year Average Dividend Yield is 5.86.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 4.0 analysts currently analyzing and rating the stock of Highwoods Properties, Inc. (HIW).On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.31 and a low estimate of $0.15, while EPS last year was $0.4. The consensus estimate for the next quarter is $0.17, with high estimates of $0.27 and low estimates of $0.12.
Analysts are recommending an EPS of between $1.1 and $0.47 for the fiscal current year, implying an average EPS of $0.69. EPS for the following year is $0.41, with 4.0 analysts recommending between $0.5 and $0.3.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $208.6M to a low estimate of $203.67M. As of the current estimate, Highwoods Properties, Inc.’s year-ago sales were $210.92MFor the next quarter, 6 analysts are estimating revenue of $205.54M. There is a high estimate of $207.67M for the next quarter, whereas the lowest estimate is $203.6M.
A total of 8 analysts have provided revenue estimates for HIW’s current fiscal year. The highest revenue estimate was $852.3M, while the lowest revenue estimate was $817.96M, resulting in an average revenue estimate of $828.64M. In the same quarter a year ago, actual revenue was $834MBased on 7 analysts’ estimates, the company’s revenue will be $828.77M in the next fiscal year. The high estimate is $858.21M and the low estimate is $809.5M.
