Highwoods Properties Inc. (NYSE:HIW) Relative Strength Index (RSI) is 58.63, with weekly volatility at 2.10% and ATR at 0.90. The HIW stock’s 52-week price range has touched low of $29.18 and a $45.89 high. Intraday shares traded counted 0.85 million, which was -13.5% lower than its 30-day average trading volume of 750.26K. Its shares traded lower over the last trading session, losing -0.42% on 05/25/21. The shares fell to a low of $44.81 before closing at $44.89. HIW’s previous close was $45.08 while the outstanding shares total 103.96M. The firm has a beta of 1.15, a 12-month trailing P/E ratio of 22.24, and a growth ratio of 2.78.
Investors have identified the REIT – Office company Highwoods Properties Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.63 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Highwoods Properties Inc. (HIW) Fundamentals that are to be considered.
HIW were able to record 25.83 million as free cash flow during the 07/27/2021 quarter of the year, this saw their quarterly net cash flow reduce by -130.87 million. In cash movements, the company had a total of 82.98 million as operating cash flow.
Potential earnings growth for Highwoods Properties Inc. (HIW)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/27/2021 quarter of the year, Highwoods Properties Inc. recorded a total of 183.81 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -4.89% coming in sequential stages and their sales for the 07/27/2021 quarter increasing by 2.12%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 127.07 million trying to sell their products during the last quarter, with the result yielding a gross income of 56.74 million. This allows shareholders to hold on to 103.96M with the recently reported earning now reading 0.52 cents per share. This is a figure that compared to analyst’s prediction for their 07/27/2021 (0.91 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.81 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HIW sounds very interesting.
Is the stock of HIW attractive?
In related news, Director, Hartzell David John sold 600 shares of the company’s stock in a transaction that recorded on May 20. The sale was performed at an average price of 44.00, for a total value of 26,400. As the sale deal closes, the Director, Hartzell David John now sold 662 shares of the company’s stock, valued at 28,797. Also, Director, Anderson Thomas P bought 3,000 shares of the company’s stock in a deal that was recorded on Sep 24. The shares were price at an average price of 32.69 per share, with a total market value of 98,070. Following this completion of acquisition, the Director, Evans Carlos E now holds 10,000 shares of the company’s stock, valued at 337,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
6 out of 11 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Highwoods Properties Inc.. 0 analysts has assigned a Sell rating on the HIW stock. The 12-month mean consensus price target for the company’s shares has been set at $46.70.