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. Recently, Yahoo Finance discussed the stock, revealing that Highwoods Provides Leasing Update.

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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 $24.80 and fluctuated between $25.05 as its day high and $24.64 as its day low. The current market capitalization of Highwoods Properties, Inc. is $2.62B. A total of 0.76 million shares were traded on the day, compared to an average of 1.46M shares.

In the most recent transaction, Evans Carlos E bought 20,000 shares of HIW for 23.67 per share on Feb 22 ’24. After the transaction, the Director now owns 62,487 company shares. In a previous transaction on Oct 27 ’23, Leary Brian M bought 1,000 shares at 17.67 per share. HIW shares that EVP & COO owns now total 92,386.

Among the insiders who bought shares, Klinck Theodore J acquired of 5,000 shares on Mar 23 ’23 at a per-share price of $19.81. This resulted in the President and CEO holding 337,177 shares of HIW after the transaction.

Dividend

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 8.06%, and it has a price to earnings (P/E) ratio of 17.89. HIW’s most recent ex-dividend date was 2/16/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 3/12/2024. Previously, the company paid the dividend on 12/12/2023 with an ex-dividend date of 11/17/2023. 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. In terms of 52-week highs and lows, HIW has a high of $26.27 and a low of $17.06.

As of this writing, HIW has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.13.

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 $22.75, 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 3.36.

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