A new trading day began on Monday, with Highwoods Properties, Inc (NYSE: HIW) stock price up 1.23% from the previous day of trading, before settling in for the closing price of $32.64. HIW’s price has ranged from $17.17 to $36.78 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Real Estate sector was 3.27%. Meanwhile, its annual earnings per share averaged -19.22%. With a float of $104.21 million, this company’s outstanding shares have now reached $105.71 million.
Considering the fact that the conglomerate employs 349 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 49.2%, operating margin of 24.86%, and the pretax margin is 17.46%.
Highwoods Properties, Inc (HIW) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Office Industry. The insider ownership of Highwoods Properties, Inc is 1.71%, while institutional ownership is 106.24%. 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.
Highwoods Properties, Inc (HIW) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -19.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -8.40% 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
Here are Highwoods Properties, Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.11. Likewise, its price to free cash flow for the trailing twelve months is 14.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.33, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.56 in one year’s time.
Technical Analysis of Highwoods Properties, Inc (HIW)
Compared to the last year’s volume of 0.99 million, its volume of 1.21 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 5.49%. Additionally, its Average True Range was 0.75.
During the past 100 days, Highwoods Properties, Inc’s (HIW) raw stochastic average was set at 68.25%, which indicates a significant increase from 14.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.91% in the past 14 days, which was lower than the 23.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.33, while its 200-day Moving Average is $27.87. Nevertheless, the first resistance level for the watch stands at $33.24 in the near term. At $33.45, the stock is likely to face the second major resistance level. The third major resistance level sits at $33.85. If the price goes on to break the first support level at $32.63, it is likely to go to the next support level at $32.23. Now, if the price goes above the second support level, the third support stands at $32.02.
Highwoods Properties, Inc (NYSE: HIW) Key Stats
With a market capitalization of 3.41 billion, the company has a total of 106,020K Shares Outstanding. Currently, annual sales are 834,000 K while annual income is 148,720 K. The company’s previous quarter sales were 204,320 K while its latest quarter income was 15,180 K.
