Company Performance: Revenue, earnings, profit margins, and overall financial health directly influence investor confidence and stock price.

Industry Trends: The performance and growth prospects of the broader real estate industry affect investor sentiment towards HILB-B.ST.

Market Conditions: General economic conditions, interest rates, inflation, and investor risk appetite influence stock valuations.

Investor Sentiment: Public perception, news coverage, and social media trends can drive short-term price fluctuations.

Competitor Activity: Actions of competitors, mergers, acquisitions, and market share changes impact HILB-B.ST's competitive position and stock price.

Regulatory Environment: Government policies, regulations, and legal changes related to the real estate sector influence the company's operations and profitability.

Dividend Policy: HILB-B.ST's dividend payout ratio and dividend yield can attract or deter investors, impacting the stock price.

Management Decisions: Strategic decisions, leadership changes, and corporate governance practices influence investor confidence.

Global Events: Global economic or political events can indirectly affect HILB-B.ST by impacting the broader market sentiment.