Highwoods Properties, Inc. (NYSE: HIW) Not A Good Play Anymore?

Highwoods Properties, Inc. (HIW) concluded trading on Thursday at a closing price of $24.07, with 3.15 million shares of worth about $75.72 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.78% during that period and on Thursday the price saw a gain of about 6.32%. Currently the company’s common shares owned by public are about 105.71M shares, out of which, 104.13M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 17 times over the past 12 months. They bought 207,717 shares in 13 of the transactions. In 4 selling transactions, insiders dumped 29,851 shares.

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However, the stock later moved at a day high price of 24.24, or with a gain of 6.32%. Stock saw a price change of 6.22% in past 5 days and over the past one month there was a price change of 4.29%. Year-to-date (YTD), HIW shares are showing a performance of 4.83% which decreased to -19.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.06 but also hit the highest price of $30.32 during that period. The average intraday trading volume for Highwoods Properties, Inc. shares is 1.41 million. The stock is currently trading 6.48% above its 20-day simple moving average (SMA20), while that difference is up 8.45% for SMA50 and it goes to 9.66% higher than SMA200.

Highwoods Properties, Inc. (NYSE: HIW) currently have 105.71M outstanding shares and institutions hold larger chunk of about 105.80% of that.

The stock has a current market capitalization of $2.54B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 17.37, while it has posted earnings per share of $1.39 in the same period. Its PEG reads 2.17 while making debt-to-equity ratio of 1.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HIW, volatility over the week remained 4.13% while standing at 3.40% over the month.

Analysts are in expectations that Highwoods Properties, Inc. (HIW) stock would likely to be making an EPS of $Highwoods Properties, Inc. in the current quarter, while forecast for next quarter EPS is $24.07 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Hartford Financial Services Gro which is $Hillenbrand Inc at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Western Asset High Income Fund in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -41.14% while it is estimated to decrease by -39.33% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of -2.76% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on January 30, 2024 offering a Buy rating for the stock and assigned a target price of $28 to it.

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