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Friday, September 29, 2023

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

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Highwoods Properties Inc. (HIW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.38, or -1.60%, to $23.39. The Highwoods Properties Inc. has recorded 6,814 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.

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Stocks Info

As a NYSE listed company, HIW falls under the Real Estate sector while operating within the REIT – Office industry segment. At the end of the last regular session, the stock closed at $23.77 and fluctuated between $23.90 as its day high and $23.55 as its day low. The current market capitalization of Highwoods Properties Inc. is $2.50B. A total of 0.83 million shares were traded on the day, compared to an average of 1.04M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 15 BUYs and 4 SELLs from insiders. Insiders purchased 214,217 shares during that period but sold 29,851.

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.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Highwoods Properties Inc. pays an annual dividend of $2.00, resulting in a dividend yield of 8.41%, and it has a price to earnings (P/E) ratio of 16.47. HIW’s most recent ex-dividend date was 8/18/2023 when it declared a $0.50 quarterly dividend that was paid in cash on 9/12/2023. Previously, the company paid the dividend on 6/13/2023 with an ex-dividend date of 5/19/2023. The HIW stock dividend was $0.50 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for HIW in the last 3 months, the mean price target is $27.11 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 $31.96 and a low of $19.45.

As of this writing, HIW has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.2. The company reported an EPS of $0.42 in the last quarter, which was 82.60% higher than expectations of $0.23.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $23.16, 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 3.67.

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