On November 6, 2024, David Hartzell, Director at Highwoods Properties Inc (HIW, Financial), executed a sale of 6,173 shares of the company. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 28,729 shares of Highwoods Properties Inc.
Highwoods Properties Inc, a real estate investment trust (REIT), is primarily involved in the leasing, management, development, construction, and acquisition of office properties in the Southeastern and Midwestern United States.
Over the past year, David Hartzell has sold a total of 6,173 shares and has not made any purchases of the company's stock. This recent sale is the only insider sell recorded over the past year for Highwoods Properties Inc.
Shares of Highwoods Properties Inc were priced at $33.26 on the day of the transaction. The company has a market cap of approximately $3.57 billion. The price-earnings ratio stands at 25.13, which is above both the industry median of 15.625 and the company's historical median.
The stock's valuation according to the GF Value is $27.82, leading to a price-to-GF-Value ratio of 1.2, indicating that the stock is Modestly Overvalued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors and company valuation metrics, especially considering the stock's current valuation status relative to its GF Value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
