Are Highwoods Properties, Inc. (HIW) stocks a prudent buy?

A share price of Highwoods Properties, Inc. [HIW] is currently trading at $33.12, up 0.98%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HIW shares have gain 0.55% over the last week, with a monthly amount glided 3.11%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Highwoods Properties, Inc. [NYSE: HIW] stock has seen the most recent analyst activity on October 01, 2024, when Deutsche Bank downgraded its rating to a Hold but kept the price target unchanged to $35 for it. Previously, Deutsche Bank started tracking the stock with Buy rating on January 30, 2024, and set its price target to $28. On December 21, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $18 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $20 on November 13, 2023. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $22 on August 30, 2023. Morgan Stanley downgraded its rating to Equal-Weight for this stock on March 09, 2023, and downed its price target to $26. In a note dated October 10, 2022, Robert W. Baird downgraded an Neutral rating on this stock but restated the target price of $31.

Highwoods Properties, Inc. experienced fluctuations in its stock price throughout the past year between $17.06 and $33.96. Currently, Wall Street analysts expect the stock to reach $33.25 within the next 12 months. Highwoods Properties, Inc. [NYSE: HIW] shares were valued at $33.12 at the most recent close of the market. An investor can expect a potential return of 0.39% based on the average HIW price forecast.

Analyzing the HIW fundamentals

Trailing Twelve Months sales for Highwoods Properties, Inc. [NYSE:HIW] were 832.40M which represents -1.23% decline. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.32.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.80 points at the first support level, and at 32.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.29, and for the 2nd resistance point, it is at 33.46.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 4.22, the price to book ratio is 1.47 and price to earnings (TTM) ratio is 23.52.

Transactions by insiders

Recent insider trading involved Evans Carlos E, Director, that happened on Feb 22 ’24 when 20000.0 shares were purchased. EVP & COO, Leary Brian M completed a deal on Oct 27 ’23 to buy 1000.0 shares.

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