Hudson Pacific Properties Inc (NYSE:HPP) finished Thursday with an addition of $0.14 to close at $6.72, an upside of 2.13 percent. An average of 4,672,320 shares of common stock have been traded in the last five days. There was a gain of $0.26 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 4,490,970 shares traded, while the 50-day average volume stands at 3,606,088.
HPP stock has decreased by -1.90% in the last month. The company shares reached their 1-month lowest point of $6.22 on 09/22/23. 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 $12.23 in 52 weeks. It has reached a new high 10 times so far this year and lost -30.94% or -$3.01 in price. In spite of this, the price is down -45.03% from the 52-week high.
Valuation Metrics
Hudson Pacific Properties Inc (HPP) stock’s beta is 1.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.92, the price-to-book (PB) ratio at 0.34, and the price-to-cash flow ratio at 2.96.
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 1.53 and a total debt to equity ratio of 1.55 for the quarter ending June 29. Its gross profit as reported stood at $159.69 million compared to revenue of $1.03 billion.
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 28 September was 50.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.92%.
As of today, HPP’s price is $6.64 +4.02% or $0.26 from its 5-day moving average. HPP is currently trading -1.61% lower than its 20-day SMA and +28.74% higher than its 100-day SMA. However, the stock’s current price level is +16.46% above the SMA50 and -34.76% below the SMA200.
The stochastic %K and %D were 37.58% and 34.01%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 42.55% and the average true range at 0.42, the RSI (14) stands at 52.31%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.10.
Analyst Ratings
BTIG Research upgraded Hudson Pacific Properties Inc (NYSE: HPP) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. 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 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 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 $11.00, with a median target of $6.50. Taking a look at these predictions, the average price target given by analysts for Hudson Pacific Properties Inc (HPP) stock is $7.23.
