HIW Stock Summary and Trading Ideas (Highwoods Props | NYSE:HIW)

Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. The majority of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.

Highwoods Props trades on the NYSE stock market under the symbol HIW.

As of April 19, 2024, HIW stock price climbed to $24.17 with 101,761 million shares trading.

HIW has a beta of 1.87, meaning it tends to be more sensitive to market movements. HIW has a correlation of 0.33 to the broad based SPY ETF.

HIW has a market cap of $2.55 billion. This is considered a Mid Cap stock.

In the last 3 years, HIW stock traded as high as $48.98 and as low as $17.06.

The top ETF exchange traded funds that HIW belongs to (by Net Assets): IJR, VNQ, VTI, VB, VBR.

HIW stock has underperformed the market in the last year with a return of +13.7%, while SPY returned +21.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HIW shares. However, HIW has outperformed the market in the last 3 month and 2 week periods, returning +13.2% and -0.7%, while SPY returned +4.7% and -3.1%, respectively. This indicates HIW has been having a stronger performance recently.

HIW support price is $23.39 and resistance is $24.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HIW stock will trade within this expected range on the day.