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Friday, June 9, 2023

Taking On Challenges And Growing? – Highwoods Properties Inc. (HIW)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Highwoods Properties Inc. (HIW) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.23, or 1.14%, to $20.49. The Highwoods Properties Inc. has recorded 49,495 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Highwoods Publishes 2022 Corporate Resiliency Report.

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Stocks Info

This NYSE-listed company operates within the REIT – Office industry segment, falling under the Real Estate sector. At the end of the last regular session, the stock closed at $20.26 and fluctuated between $20.45 as its day high and $19.98 as its day low. The current market capitalization of Highwoods Properties Inc. is $2.15B. A total of 1.11 million shares were traded on the day, compared to an average of 1.31M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HIW has seen 12 BUY and 4 SELL insider trades, representing the acquisition of 206,717 and the disposition of 29,851 shares. Over the last 12 months, there were 15 BUYs and 5 SELLs from insiders. Insiders purchased 214,217 shares during that period but sold 30,501.

In the most recent transaction, Klinck Theodore J bought 5,000 shares of HIW for 19.81 per share on Mar 23. After the transaction, the President and CEO now owns 337,177 company shares. In a previous transaction on Sep 28, Maiorana Brendan C bought 1,500 shares at 27.21 per share. HIW shares that EVP, CFO owns now total 39,254.

Among the insiders who bought shares, Klinck Theodore J acquired of 5,000 shares on Sep 22 at a per-share price of $28.25. This resulted in the President and CEO holding 246,445 shares of HIW after the transaction. In another insider transaction, Miller Jeffrey Douglas bought 1,000 shares at $28.25 per share on Sep 22. Company shares held by the EVP, General Counsel & Sec. now total 116,482.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Highwoods Properties Inc. pays an annual dividend of $2.00, resulting in a dividend yield of 9.87%, and it has a price to earnings (P/E) ratio of 13.31. HIW’s most recent ex-dividend date was 5/19/2023 when it declared a $0.50 quarterly dividend that was paid in cash on 6/13/2023. Previously, the company paid the dividend on 3/14/2023 with an ex-dividend date of 2/17/2023. The HIW stock dividend was $0.50 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HIW in the last 3 months, the mean price target is $26.22 with high estimates of $35.00 and low estimates of $22.00. In terms of 52-week highs and lows, HIW has a high of $39.53 and a low of $19.45.

As of this writing, HIW has an earnings estimate of $0.29 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.25. The company reported an EPS of $0.26 in the last quarter, which was -3.70% lower than expectations of $0.27.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HIW’s latest balance sheet shows that the firm has $23.15M in Cash & Short Term Investments as of fiscal 2021. There were $2.79B in debt and $294.98M in liabilities at the time. Its Book Value Per Share was $23.31, while its Total Shareholder’s Equity was $2.61B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.89.

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