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Is this Large Market Cap Stock target price reasonable for Highwoods Properties Inc. (NYSE:HIW)?

The company in question is, Highwoods Properties Inc. (NYSE:HIW) currently with a stock price of 50.62 (0.40% today). The market cap for Highwoods Properties Inc. is 4993.09, and is in the sector Financial, and REIT – Office industry. The target price for Highwoods Properties Inc. is 55.78. Currently Highwoods Properties Inc. is trading with a P/E of 61.94, and a forward P/E of 40.56. Average volume for Highwoods Properties Inc. is 581.84 and so far today it is 106238.

Performance in the last year for Highwoods Properties Inc. has been 27.44%. For EPS growth, Highwoods Properties Inc. has seen a growth of -15.20%, and is looking to grow in the next year to -76.61%. More long term stats show that EPS growth has been 1.40% over the last five years and could be 3.15% for the next five years. Highwoods Properties Inc. has seen sales growth quarter over quarter at 12.40%, with EPS growth quarter over quarter at 49.00%. The 20-day simple moving average is -2.96%, with the 200-day simple moving average coming to 5.72%.

Since the IPO date for Highwoods Properties Inc. on the 06/08/1994, Highwoods Properties Inc. has seen performance year to date to be 18.82%. With Highwoods Properties Inc. trading at 50.62, the dividend yield is 3.37%, and the EPS is 0.81.

So could Highwoods Properties Inc., be undervalued? Well as said before P/E is 61.94. The PEG is 19.66, P/S is 8.08 and the P/B is at 2.41. The P/cash is 2080.46, with P/free cash flow at *TBA.

Highwoods Properties Inc. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 1.02, and total debt/equity at 1.02.

In terms of margins, Highwoods Properties Inc. has a gross margin of 65.00%, an operating margin of 25.20% and a profit margin of 83.30%.Payout ratio for Highwoods Properties Inc. is 31.80%. Return on assets come to 11.40% with return on investment coming to 3.70%.

Insider ownership for Highwoods Properties Inc., is at 0.60% and institutional ownership comes to *TBA. Outstanding shares are at 99.03. While shares float is 96.74. The float short is currently 1.98%, and short ratio is 3.29.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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