Hudson Pacific Properties Inc. (NYSE:HPP) finished Thursday with an addition of $0.14 to close at $6.27, an upside of 2.28 percent. An average of 3,552,400 shares of common stock have been traded in the last five days. There was a gain of $0.37 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,533,375 shares traded, while the 50-day average volume stands at 5,184,014.
HPP stock has increased by 17.86% in the last month. The company shares reached their 1-month lowest point of $4.97 on 07/11/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $4.05 and a high of $15.62 in 52 weeks. It has reached a new high 10 times so far this year and lost -35.56% or -$3.46 in price. In spite of this, the price is down -59.86% from the 52-week high.
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Valuation Metrics
Hudson Pacific Properties Inc. (HPP) stock’s beta is 1.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.84, the price-to-book (PB) ratio at 0.31.
The company’s most recent quarterly dividend payment was $0.1250 a share, representing a down of -50.0% from $0.25 last year. Its latest decrease dividend $0.1250 reported on Friday June 9 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.59 and a total debt to equity ratio of 1.59 for the quarter ending June 29. Its gross profit as reported stood at $159.69 million compared to revenue of $1.03 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hudson Pacific Properties Inc.’s return on assets was -0.60%.
Earnings Surprise
For the three-month period that ended June 29, Hudson Pacific Properties Inc. had $4.47 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$36.16 million in the quarter, while revenues were grew 79.42%. The analyst consensus anticipated Hudson Pacific Properties Inc.’s latest quarter earnings to come in at -$0.32 per share, but it turned out to be -$0.26, a 18.80% surprise. For the quarter, EBITDA amounted to $120.45 million. At the end of the quarter ending June 29, Hudson Pacific Properties Inc.’s stock balance sheet showed total debt was $4.94 billion. Shareholders own equity worth $140.94 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Hudson Pacific Properties Inc. (HPP) price momentum. RSI 9-day as of the close on 10 August was 62.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 61.49%.
As of today, HPP’s price is $6.28 +6.27% or $0.37 from its 5-day moving average. HPP is currently trading +15.05% higher than its 20-day SMA and +1.46% higher than its 100-day SMA. However, the stock’s current price level is +32.56% above the SMA50 and -39.13% below the SMA200.
The stochastic %K and %D were 75.84% and 83.01%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 75.84% and the average true range at 0.37, the RSI (14) stands at 61.57%. The stock has reached 0.22 on the 9-day MACD Oscillator while the 14-day reading was at 0.34.
Analyst Ratings
The consensus rating for Hudson Pacific Properties Inc. (HPP) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HPP, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is HPP’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $10.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Hudson Pacific Properties Inc. (HPP) stock is $5.75.
