What is Hudson Pacific Properties Inc. (HPP) Price Targets?

Hudson Pacific Properties Inc. (NYSE:HPP) saw an upside of 1.57% to close Tuesday at $27.18 after adding $0.42 on the day. The 5-day average trading volume is 1,033,020 shares of the company’s common stock. It has gained $27.41 in the past week. An average of 843,525 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 792,258.

HPP’s 1-month performance is 2.53% or $1.10 on its low of $25.59 reached on 09/20/21. The company’s shares have touched a 52-week low of $18.62 and high of $30.35, with the stock’s rally to the 52-week high happening on 06/15/21. YTD, HPP has achieved 13.16% or $3.16. However, the current price is down -10.44%% from the 52-week high price.

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Insider Transactions

On Aug 27, 47 days have gone by since the last insider trading activity for Hudson Pacific Properties Inc. (HPP). FRIED RICHARD B (Director) most recently sold 11,000 shares at $26.39 per share on Aug 27. This transaction cost the insider $290,290. Director, GLASER JONATHAN M, sold 2,000 shares at a price of $28.05 on Mar 29. Then, on Mar 17, Director GLASER JONATHAN M sold 2,457 shares at a price of $28.27 per share. This transaction amounted to $69,459.

Valuation Metrics

Hudson Pacific Properties Inc. (HPP) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 37.94 for the sector. The company’s PE ratio for the last five years has touched a high of 3541.00 and a low of 33.15. HPP stock has a beta of 0.92. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.05 while the price-to-book (PB) in the most recent quarter is 0.92, with the price to cash flow ratio at 12.28.

Hudson Pacific Properties Inc. pays an annual dividend of $1.00 per share. Its dividend yield is 3.68%. HPP’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.25 a share compared with prior rate of $0.25, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.05 reported on Thursday March 9 2017.

It is projected that Hudson Pacific Properties Inc.’s next ex-dividend date will be on 20-Dec. HPP is expected to distribute $0.25 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 1.07, while the total debt to equity was 1.07. In terms of profitability, the gross margin trailing 12 months is 62.30%. while for the period ending June 29; Hudson Pacific Properties Inc.’s operating margin was 14.50%. The firm’s gross profit as reported stood at $127.62 million against revenue of $804.97 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Hudson Pacific Properties Inc.’s cash and short-term investments amounted to $132.22 million against total debt of $3.97 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected HPP to announce -$0.01 per share in earnings in its latest quarter, but it posted $0.02, representing a 300.00% surprise. EBITDA for the quarter stood at more than $120.95 million. HPP stock balance sheet for the quarter ending June 29 shows that, with total debt at $3.97 billion. Shareholders hold equity totaling $152.48 million

Technical Picture

Let’s look briefly at Hudson Pacific Properties Inc. (HPP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 57.75% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.63%.

The stock’s 5-day moving average is $26.98, reflecting a +0.37% or $0.10 change from its current price. HPP is currently trading +2.80% above its 20-day SMA, -3.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +0.48% and +13.82% respectively.

Stochastic %K and %D was 52.10% and 57.04% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 55.28%, while the 14-day stochastic is at 72.22% with the period’s ATR at 0.57. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.05 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for HPP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate HPP as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.

What is HPP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $24.00 and a high of $40.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for Hudson Pacific Properties Inc. (HPP) stock is $31.36.


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