On Tuesday, Highwoods Properties, Inc. (NYSE: HIW) opened higher 2.79% from the last session, before settling in for the closing price of $24.71. Price fluctuations for HIW have ranged from $17.06 to $26.27 over the past 52 weeks.
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Real Estate Sector giant saw their annual sales surged by 3.27% over the last five years. Company’s average yearly earnings per share was noted -50.28% at the time writing. With a float of $103.90 million, this company’s outstanding shares have now reached $105.71 million.
The firm has a total of 349 workers. Let’s measure their productivity.
Highwoods Properties, Inc. (HIW) Insider Activity
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 1.71%, while institutional ownership is 105.07%. The most recent insider transaction that took place on Feb 22 ’24, was worth 473,400. In this transaction Director of this company bought 20,000 shares at a rate of $23.67, taking the stock ownership to the 62,487 shares. Before that another transaction happened on Oct 27 ’23, when Company’s EVP & COO bought 1,000 for $17.67, making the entire transaction worth $17,670. This insider now owns 92,386 shares in total.
Highwoods Properties, Inc. (HIW) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted 0.42 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.23) by 0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -50.28% 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 -2.76% drop 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 addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.21. Likewise, its price to free cash flow for the trailing twelve months is 12.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.39, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of Highwoods Properties, Inc. (HIW)
Analysing the last 5-days average volume posted by the [Highwoods Properties, Inc., HIW], we can find that recorded value of 0.75 million was lower than the volume posted last year of 1.27 million. As of the previous 9 days, the stock’s Stochastic %D was 62.01%. Additionally, its Average True Range was 0.71.
During the past 100 days, Highwoods Properties, Inc.’s (HIW) raw stochastic average was set at 88.72%, which indicates a significant increase from 79.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.50% in the past 14 days, which was lower than the 38.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.50, while its 200-day Moving Average is $22.58. Now, the first resistance to watch is $25.75. This is followed by the second major resistance level at $26.09. The third major resistance level sits at $26.64. If the price goes on to break the first support level at $24.86, it is likely to go to the next support level at $24.31. Should the price break the second support level, the third support level stands at $23.97.
Highwoods Properties, Inc. (NYSE: HIW) Key Stats
There are currently 105,982K shares outstanding in the company with a market cap of 2.69 billion. Presently, the company’s annual sales total 834,000 K according to its annual income of 148,720 K. Last quarter, the company’s sales amounted to 206,860 K and its income totaled 38,620 K.
