On January 24, 2023, Highwoods Properties Inc. (NYSE: HIW) opened at $28.98, lower -2.07% from the last session. During the day, the shares moved up to $29.31 and dropped to $28.80 before settling in for the closing price of $29.43. Price fluctuations for HIW have ranged from $24.51 to $47.01 over the past 52 weeks.
It was noted that within the last five years, the titan of the Real Estate sector saw sales topped by 2.90%. Company’s average yearly earnings per share was noted -7.80% at the time writing. With a float of $103.68 million, this company’s outstanding shares have now reached $105.18 million.
The extent of productivity of a business whose workforce counts for 348 workers is very important to gauge. In terms of profitability, gross margin is +34.80, operating margin of +29.51, and the pretax margin is +41.46.
Highwoods Properties Inc. (HIW) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the REIT – Office industry is another important factor to consider. The insider ownership of Highwoods Properties Inc. is 0.40%, while institutional ownership is 99.20%. The most recent insider transaction that took place on Sep 28, was worth 40,813. In this transaction EVP, CFO of this company bought 1,500 shares at a rate of $27.21, taking the stock ownership to the 39,254 shares. Before that another transaction happened on Sep 22, when Company’s EVP, General Counsel & Sec. bought 1,000 for $28.25, making the entire transaction worth $28,253. This insider now owns 116,482 shares in total.
Highwoods Properties Inc. (HIW) Latest Financial update
If we go through the results of last quarter, which was made public on 9/29/2022, the company posted $0.36 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.32) by $0.04. This company achieved a net margin of +40.15 while generating a return on equity of 12.78. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.28 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to 21.20% growth over the previous five years of trading.
Highwoods Properties Inc. (NYSE: HIW) Trading Performance Indicators
Check out the current performance indicators for Highwoods Properties Inc. (HIW). In the past quarter, the stock posted a price to sales ratio for the trailing twelve months stands at 3.66. Likewise, its price to free cash flow for the trailing twelve months is 17.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.42, a number that is poised to hit 0.27 in the next quarter and is forecasted to reach 1.03 in one year’s time.
Technical Analysis of Highwoods Properties Inc. (HIW)
The latest stats from [Highwoods Properties Inc., HIW] show that its last 5-days average volume of 0.59 million was inferior to 0.72 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 51.11%. Additionally, its Average True Range was 0.75.
During the past 100 days, Highwoods Properties Inc.’s (HIW) raw stochastic average was set at 57.85%, which indicates a significant increase from 52.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.95% in the past 14 days, which was lower than the 36.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.67, while its 200-day Moving Average is $32.58. Now, the first resistance to watch is $29.15. This is followed by the second major resistance level at $29.49. The third major resistance level sits at $29.66. If the price goes on to break the first support level at $28.64, it is likely to go to the next support level at $28.47. The third support level lies at $28.13 if the price breaches the second support level.
Highwoods Properties Inc. (NYSE: HIW) Key Stats
There are currently 105,198K shares outstanding in the company with a market cap of 3.00 billion. Presently, the company’s annual sales total 768,010 K according to its annual income of 313,280 K. Last quarter, the company’s sales amounted to 207,000 K and its income totaled 38,870 K.