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Saturday, December 9, 2023

Highwoods Properties, Inc. (HIW) Is Not Likely To Be The Same Tomorrow

After Hours

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. After-hours trades for Highwoods Properties, Inc. (HIW) shows that investor sentiment remained same, with the stock’s consolidated last price to $19.70. The Highwoods Properties, Inc. has recorded 41,427 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Highwoods Prices $350 Million of 7.65% Notes Due 2034.

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Stocks Info

Highwoods Properties, Inc. is listed on the NYSE in the Real Estate sector while operating in the REIT – Office industry. At the end of the last regular session, the stock closed at $19.70 and fluctuated between $20.13 as its day high and $19.28 as its day low. The current market capitalization of Highwoods Properties, Inc. is $2.08B. A total of 1.85 million shares were traded on the day, compared to an average of 1.50M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HIW has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 1,000 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 4 SELLs from insiders. Insiders purchased 207,717 shares during that period but sold 29,851.

In the most recent transaction, Leary Brian M bought 1,000 shares of HIW for 17.67 per share on Oct 27. After the transaction, the EVP & COO now owns 92,386 company shares. In a previous transaction on Mar 23, Klinck Theodore J bought 5,000 shares at 19.81 per share. HIW shares that President and CEO owns now total 337,177.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Highwoods Properties, Inc. pays an annual dividend of $2.00, resulting in a dividend yield of 10.15%, and it has a price to earnings (P/E) ratio of 15.29. HIW’s most recent ex-dividend date was 11/17/2023 when it declared a $0.50 quarterly dividend that was paid in cash on 12/12/2023. Previously, the company paid the dividend on 9/12/2023 with an ex-dividend date of 8/18/2023. The HIW stock dividend was $0.50 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HIW in the last 3 months, the mean price target is $22.56 with high estimates of $35.00 and low estimates of $18.00. In terms of 52-week highs and lows, HIW has a high of $31.88 and a low of $17.06.

As of this writing, HIW has an earnings estimate of $0.23 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.25 per share and a lower estimate of $0.21. The company reported an EPS of $0.4 in the last quarter, which was 37.90% higher than expectations of $0.29.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $22.93, while its Total Shareholder’s Equity was $2.61B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 3.44.

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