Investing in Highwoods Properties Inc. (HIW): What You Must Know

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ZOM Stock

Highwoods Properties Inc.’s recent filing unveils that its EVP, CFO Maiorana Brendan C acquired Company’s shares for reported $40813.0 on Sep 28. In the deal valued at $27.21 per share,1,500 shares were bought. As a result of this transaction, Maiorana Brendan C now holds 39,254 shares worth roughly $ 1.12 million.

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Then, Miller Jeffrey Douglas bought 1,000 shares, generating $28,253 in total proceeds. Upon buying the shares at $28.25, the EVP, General Counsel & Sec. now owns 116,482 shares.

Before that, Klinck Theodore J bought 5,000 shares. Highwoods Properties Inc. shares valued at $141,252 were divested by the President and CEO at a price of $28.25 per share. As a result of the transaction, Klinck Theodore J now holds 246,445 shares, worth roughly $7.01 million.

Robert W. Baird downgraded its Highwoods Properties Inc. [HIW] rating to a Neutral from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 8.26 to its Friday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late June from “a Buy” to “a Hold”. Credit Suisse began covering HIW with “Neutral” recommendation on June 23, 2022. Mizuho started covering the stock on April 22, 2022. It rated HIW as “a Neutral”.

Price Performance Review of HIW

On Friday, Highwoods Properties Inc. [NYSE:HIW] saw its stock jump 3.12% to $28.44. On the same session, the stock had its day’s lowest price of $27.73, but rose to a high of $28.44. Over the last five days, the stock has gained 0.67%. Highwoods Properties Inc. shares have fallen nearly -36.22% since the year began. Nevertheless, the stocks have fallen -38.31% over the past one year. While a 52-week high of $47.66 was reached on 01/10/22, a 52-week low of $24.51 was recorded on 10/07/22. SMA at 50 days reached $28.11, while 200 days put it at $36.59. A total of 0.75 million shares were traded, compared to the trading of 1.25 million shares in the previous session.

Levels Of Support And Resistance For HIW Stock

The 24-hour chart illustrates a support level at 27.97, which if violated will result in even more drops to 27.49. On the upside, there is a resistance level at 28.68. A further resistance level may holdings at 28.91. The Relative Strength Index (RSI) on the 14-day chart is 57.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.18%. Stochastics %K at 75.54% indicates the stock is a holding.

How much short interest is there in Highwoods Properties Inc.?

A steep rise in short interest was recorded in Highwoods Properties Inc. stocks on Jul 14, 2022, growing by 0.87 million shares to a total of 2.93 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.06 million shares. There was a rise of 29.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.82% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.44.

Highwoods Properties Inc. [HIW] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 15,896,269 shares, or roughly 15.11% of the outstanding HIW shares. In other words, the investor’s shares have risen by 293,871 from its previous 13-F filing of 15602398.0. Additionally, Cohen & Steers Capital Management increased 0.88% of its stake after which the total value it holdings stand at $424,990,916, while BlackRock Fund Advisors added 0.44% of its stake to hold $259.18 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 55,672 shares of Highwoods Properties Inc., while Fidelity Management & Research Co bought -1,728 shares. At present, Daiwa Asset Management Co. Ltd. is holding 2,251,325 shares valued at $60.7 million. Dimensional Fund Advisors LP owned 1,817,746 shares of the company at the time of its most recent 13F filing, worth $49.01 million.

According to FactSet, Highwoods Properties Inc.’s share price will average $33.10 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.84 percent from its previous closing price of $27.58. Analysts expect Highwoods Properties Inc. stock to reach the higher price of $41.00, while the lowest price estimate is $27.00. However, 11 analysts have rated HIW stock as an Overweight in their predictions for 2022.


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