Highwoods Properties, Inc (HIW) concluded trading on Wednesday at a closing price of $32.45, with 0.48 million shares of worth about $15.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.82% during that period and on November 27, 2024 the price saw a gain of about 0.03%. Currently the company’s common shares owned by public are about 105.71M shares, out of which, 104.22M shares are available for trading.
Stock saw a price change of 2.66% in past 5 days and over the past one month there was a price change of -5.64%. Year-to-date (YTD), HIW shares are showing a performance of 41.33% which increased to 75.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.58 but also hit the highest price of $36.78 during that period. The average intraday trading volume for Highwoods Properties, Inc shares is 868.12K. The stock is currently trading -0.22% below its 20-day simple moving average (SMA20), while that difference is down -2.94% for SMA50 and it goes to 13.14% higher than SMA200.
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Highwoods Properties, Inc (NYSE: HIW) currently have 105.71M outstanding shares and institutions hold larger chunk of about 106.93% of that.
The stock has a current market capitalization of $3.44B and its 3Y-monthly beta is at 1.25. PE ratio of stock for trailing 12 months is 24.33, while it has posted earnings per share of $1.33 in the same period. It has a debt-to-equity ratio of 1.40. 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 1.61% while standing at 2.07% over the month.
Analysts are in expectations that Highwoods Properties, Inc (HIW) stock would likely to be making an EPS of 0.09 in the current quarter, while forecast for next quarter EPS is 0.05 and it is 0.32 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.09 which is 0.09 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 0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -21.92% while it is estimated to decrease by -53.48% in next year. EPS is likely to shrink at an annualized rate of -8.40% 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 October 01, 2024 offering a Hold rating for the stock and assigned a target price of $35 to it. Coverage by Deutsche Bank stated Highwoods Properties, Inc (HIW) stock as a Buy in their note to investors on January 30, 2024, suggesting a price target of $28 for the stock. On December 21, 2023, Morgan Stanley Downgrade their recommendations, while on November 13, 2023, BofA Securities Downgrade their ratings for the stock with a price target of $20. Stock get an Equal weight rating from Wells Fargo on August 30, 2023.
