Is Highwoods Properties, Inc. overvalued or undervalued?

As of 9 November 2018, the valuation grade for Highwoods Properties, Inc. moved from expensive to very attractive, indicating a significant shift in its perceived value. The company is currently considered undervalued based on its strong financial ratios, including a P/E ratio of 17, an EV to EBITDA of 6.50, and an impressive PEG ratio of 0.35. These metrics suggest that the stock is trading at a favorable price relative to its earnings growth potential.
In comparison to its peers, Highwoods Properties stands out with a lower P/E ratio than National Health Investors, Inc. at 22.15 and a more favorable PEG ratio than SL Green Realty Corp., which has a PEG of 3.73. Notably, Highwoods also offers a remarkable dividend yield of 630.76%, which further enhances its attractiveness to investors. While the stock has underperformed against the S&P 500 over the long term, its recent performance over the past year shows a return of 20.99%, significantly outpacing the index's 10.26%. This combination of strong valuation metrics and positive recent performance reinforces the conclusion that Highwoods Properties, Inc. is indeed undervalued.