Weekly Performance Analysis for Hudson Pacific Properties Inc (HPP)

Hudson Pacific Properties Inc (NYSE:HPP) saw an upside of 1.07% to close Monday at $6.61 after adding $0.07 on the day. The 5-day average trading volume is 5,079,800 shares of the company’s common stock. It has gained $7.39 in the past week and touched a new high 2 times within the past 5 days. An average of 4,210,570 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,625,716.

HPP’s 1-month performance is 6.44% or $0.44 on its low of $6.19 reached on 08/28/23. The company’s shares have touched a 52-week low of $4.05 and high of $12.23, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, HPP has lost -32.07% or -$3.12 and has reached a new high 10 times. However, the current price is down -45.93% from the 52-week high price.

Valuation Metrics

HPP stock has a beta of 1.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.91 while the price-to-book (PB) in the most recent quarter is 0.33, with the price to cash flow ratio at 2.92.

As well, the company’s long term debt to equity for the quarter ending June 29 was 1.53, while the total debt to equity was 1.55. In terms of profitability, the gross margin trailing 12 months is 19.25%. 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 25 September was 44.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.11%.

The stock’s 5-day moving average is $6.63, reflecting a -1.34% or -$0.09 change from its current price. HPP is currently trading +7.13% above its 20-day SMA, +32.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +24.25% and SMA200 by-34.81%.

Stochastic %K and %D was 19.76% and 15.93% and the average true range (ATR) pointed at 0.45. The RSI (14) points at 49.61%, while the 14-day stochastic is at 29.66% with the period’s ATR at 0.42. The stock’s 9-day MACD Oscillator is pointing at -0.21 and -0.37 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Hudson Pacific Properties Inc (NYSE: HPP), BMO Capital Markets upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. 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 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $6.25. Looking at these predictions, the average price target given by analysts is for Hudson Pacific Properties Inc (HPP) stock is $6.85.

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