Highwoods Properties, Inc (NYSE:HIW) price on current trading day, fall -0.06% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $31.62.
A look at the stock’s price movement, the close in the last trading session was $31.64, moving within a range at $31.5 and $31.77. The beta value (5-Year monthly) was 1.279 while the PE ratio in trailing twelve months stood at 23.71. Turning to its 52-week performance, $36.78 and $20.54 were the 52-week high and 52-week low respectively. Overall, HIW moved -6.09% over the past month.
Highwoods Properties, Inc’s market cap currently stands at around $3.35 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 2.00, with its dividend yield at 6.33%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 203.14M for the company’s revenue for the quarter, with a low and high estimate of 202.16M and 204.19M respectively. The average forecast suggests down to a -1.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 827.74M, representing a -0.75% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HIW is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 1 recommend HIW as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HIW’s current price about -1.28% and -4.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.68, while 7-day volatility ratio is 1.94% and 1.89% in the 30-day chart. Further, Highwoods Properties, Inc (HIW) has a beta value of 1.25, and an average true range (ATR) of 0.63. Analysts have given the company’s stock an average 52-week price target of $32.5, forecast between a low of $32 and high of $33. Looking at the price targets, the low is -1.2% off current price level while to achieve the yearly target high, price needs to move -4.36%. Nonetheless, investors will most likely welcome a -2.78% jump to $32.5 which is the analysts’ median price.
If we refocus on Highwoods Properties, Inc (NYSE:HIW), historical trading data shows that trading volumes averaged 0.89 over the past 10 days and 889.18K over the past 3 months. The company’s latest data on shares outstanding shows there are 106.02 million shares.
The 1.70% of Highwoods Properties, Inc’s shares are in the hands of company insiders while institutional holders own 106.93% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.29 million on 2024-11-15, giving us a short ratio of 3.69. The data shows that as of 2024-11-15 short interest in Highwoods Properties, Inc (HIW) stood at 822.9999000000001 of shares outstanding, with shares short falling to 5.78 million registered in 2024-10-15. Current price change has pushed the stock 37.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HIW stock continues to rise going into the next quarter.
