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Tuesday, March 21, 2023

What Are The Chances Of Highwoods Properties Inc. (NYSE: HIW) Becoming A Clear Buy?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Highwoods Properties Inc. (HIW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.29, or -1.08%, to $26.59. The Highwoods Properties Inc. has recorded 25,328 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Highwoods Announces Availability of Fourth Quarter and Full Year 2022 Results.

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Stocks Info

Highwoods Properties Inc. is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Office industry. At the end of the last regular session, the stock closed at $26.88 and fluctuated between $27.45 as its day high and $26.80 as its day low. The current market capitalization of Highwoods Properties Inc. is $2.82B. A total of 1.13 million shares were traded on the day, compared to an average of 810.83K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, HIW has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 3 BUYs and 2 SELLs from insiders. Insiders purchased 7,500 shares during that period but sold 1,250.

In the most recent transaction, Maiorana Brendan C bought 1,500 shares of HIW for 27.21 per share on Sep 28. After the transaction, the EVP, CFO now owns 39,254 company shares. In a previous transaction on Sep 22, Klinck Theodore J bought 5,000 shares at 28.25 per share. HIW shares that President and CEO owns now total 246,445.

Among the insiders who bought shares, Miller Jeffrey Douglas acquired of 1,000 shares on Sep 22 at a per-share price of $28.25. This resulted in the EVP, General Counsel & Sec. holding 116,482 shares of HIW after the transaction. In another insider transaction, Gadis David L sold 650 shares at $30.49 per share on Aug 31. Company shares held by the Director now total 3,650.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Highwoods Properties Inc. pays an annual dividend of $2.00, resulting in a dividend yield of 7.44%, and it has a price to earnings (P/E) ratio of 18.04. HIW’s most recent ex-dividend date was 2/17/2023 when it declared a $0.50 quarterly dividend that was paid in cash on 3/14/2023. Previously, the company paid the dividend on 12/13/2022 with an ex-dividend date of 11/18/2022. The HIW stock dividend was $0.50 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for HIW in the last 3 months, the mean price target is $31.30 with high estimates of $35.00 and low estimates of $27.00. In terms of 52-week highs and lows, HIW has a high of $47.01 and a low of $24.51.

As of this writing, HIW has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.24 per share and a lower estimate of $0.21. The company reported an EPS of $0.36 in the last quarter, which was 12.50% higher than expectations of $0.32.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HIW is Hold with a score of 4.13. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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