The stock of Hudson Pacific Properties Inc. (NYSE:HPP) decreased by -$0.29 on Tuesday to finish at $5.94, down -4.65 percent. The last five days have seen an average of 3,057,880 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$3.79. The average number of shares traded over the last 20 days was 3,375,910, while the average volume over the last 50 days totaled 5,122,484.
HPP stock appreciated 16.24% since last month. On 07/17/23, the company’s shares reached a one-month low of $5.11. The stock touched a high of $15.45 on 02/02/23, after rallying from a low of $4.05 in 52 weeks. The price of HPP stock has declined by -38.95% or -$3.79 this year, reaching a new high 10 times. Still, the stock price is down -61.55% from the 52-week high.
Insider Transactions
HPP stock investors should be aware that Hudson Pacific Properties Inc. (HPP) stock had its last reported insider trading activity 141 days ago on Mar 28. On Mar 28, EVP, Leasing Suazo Arthur X. acquired 10,000 shares at $5.86 each. This transaction resulted in the insider spending $58,600. On Mar 27, Gordon Drew added 25,000 shares at a price of US$5.96. After the transaction, the insider now owns 116,958 shares. Chief Financial Officer Diramerian Harout Krikor had earlier bought 3,975 shares on Mar 20 for $6.27 a share. The transaction was completed for $24,923.
Valuation Metrics
Beta for the stock is 1.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.80, the price-to-book (PB) ratio of 0.30.
Company paid $0.1250 per share in dividends, a decrease of -50.0% from $0.25 last year. A $0.1250 dividend decrease was reported on Friday June 9 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.63, and the total debt to equity ratio is 1.63. As far as profitability goes, gross margin for the trailing twelve months is 56.70% percent. Hudson Pacific Properties Inc.’s operating margin stood at 12.40% for the same period. Based on annual data, it had gross profit of $159.69 million and revenue of $1.03 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HPP’s return on assets (ROA) during the last 12 months has been -0.90%. There was a 1.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -3.00%.
Earnings Surprise
According to Hudson Pacific Properties Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $245.17 million, while revenues fell by -2.55% to $252.26 million. It was predicted that Hudson Pacific Properties Inc.’s quarterly earnings would be -$0.26, but it ended up being -$0.32, beating the consensus by 18.80%. EBITDA was $120.45 million for the quarter. At the end of Hudson Pacific Properties Inc.’s most recent quarter ended June 29, its total debt was $4.94 billion. Equity owned by shareholders amounts to $140.94 million.
Technical Picture
Here’s a quick look at Hudson Pacific Properties Inc.’s (HPP) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 49.36%, suggesting the stock is Neutral, with a 63.15% historical volatility rate.
The stochastic %K and %D were 68.90% and 73.52% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 51.30%, the RSI (14) reading is 53.38%. On the 9-day MACD Oscillator, the stock is at -0.03, and the 14-day reading is at 0.14.
Analyst Ratings
Analysts have assigned Hudson Pacific Properties Inc. (HPP) an Hold rating. HPP is a stock that is recommended for selling by 1 brokerage firm, while 10 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is HPP’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $10.00, with a median target price of $5.75. In analyzing these forecasts, the average price target given by analysts for Hudson Pacific Properties Inc. (HPP) is $6.00.
