Hudson Pacific Properties Inc. (NYSE:HPP) saw an upside of 8.62% to close Monday at $6.55 after adding $0.52 on the day. The 5-day average trading volume is 3,489,360 shares of the company’s common stock. It has gained $6.59 in the past week and touched a new high 4 times within the past 5 days. An average of 3,987,555 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,160,040.
HPP’s 1-month performance is 30.48% or $1.53 on its low of $4.78 reached on 07/10/23. The company’s shares have touched a 52-week low of $4.05 and high of $15.62, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, HPP has lost -32.68% or -$3.18 and has reached a new high 10 times. However, the current price is down -58.07% from the 52-week high price.
Valuation Metrics
HPP stock has a beta of 1.11. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.88 while the price-to-book (PB) in the most recent quarter is 0.33.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.59, while the total debt to equity was 1.59. In terms of profitability, the gross margin trailing 12 months is 56.70%. The firm’s gross profit as reported stood at $159.69 million against revenue of $1.03 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 79.42% to -$36.16 million, while revenue of -$20.43 million was 43.5% off the previous quarter. Analysts expected HPP to announce -$0.32 per share in earnings in its latest quarter, but it posted -$0.26, representing a 18.80% surprise. EBITDA for the quarter stood at more than $120.45 million. Shareholders hold equity totaling $140.94 million.
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 07 August was 74.90% to suggest the stock is trending Overbought, with historical volatility in this time period at 62.56%.
The stock’s 5-day moving average is $5.95, reflecting a +11.58% or $0.68 change from its current price. HPP is currently trading +31.53% above its 20-day SMA, -11.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +40.86% and SMA200 by-38.96%.
Stochastic %K and %D was 89.39% and 77.51% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 69.52%, while the 14-day stochastic is at 96.65% with the period’s ATR at 0.37. The stock’s 9-day MACD Oscillator is pointing at 0.27 and 0.37 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for HPP stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate HPP as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 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 $4.00 and a high of $10.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Hudson Pacific Properties Inc. (HPP) stock is $5.65.
