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Should Hudson Pacific Properties Inc. (NYSE: HPP) Revive After A -358.24% Drop From Highs?

During the last session, Hudson Pacific Properties Inc. (NYSE:HPP)’s traded shares were 2.21 million, with the beta value of the company hitting 1.12. At the end of the trading day, the stock’s price was $4.43, reflecting an intraday loss of -4.73% or -$0.22. The 52-week high for the HPP share is $20.30, that puts it down -358.24 from that peak though still a striking 7.9% gain since the share price plummeted to a 52-week low of $4.08. The company’s market capitalization is $615.95M, and the average intraday trading volume over the past 10 days was 3.66 million shares, and the average trade volume was 4.06 million shares over the past three months.

Hudson Pacific Properties Inc. (HPP) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.20. HPP has a Sell rating from 1 analyst(s) out of 13 analysts who have looked at this stock. 11 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.21.

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Hudson Pacific Properties Inc. (NYSE:HPP) trade information

Hudson Pacific Properties Inc. (HPP) registered a -4.73% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.73% in intraday trading to $4.43 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -1.56%, and it has moved by -15.30% in 30 days. Based on these gigs, the overall price performance for the year is -77.74%. The short interest in Hudson Pacific Properties Inc. (NYSE:HPP) is 19.2 million shares and it means that shorts have 5.13 day(s) to cover.

The consensus price target of analysts on Wall Street is $6.55, which implies an increase of 32.37% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.00 and $10.00 respectively. As a result, HPP is trading at a discount of -125.73% off the target high and 9.71% off the low.

Hudson Pacific Properties Inc. (HPP) estimates and forecasts

Statistics show that Hudson Pacific Properties Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Hudson Pacific Properties Inc. (HPP) shares have gone down -59.58% during the last six months, with a year-to-date growth rate less than the industry average at -17.33% against -5.70. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -320.00% this quarter and then drop -16.70% in the quarter after that. In the rating firms’ projections, revenue will increase 0.10% compared to the previous financial year.

Revenue for the current quarter is expected to be $249.83 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $264.98 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $251.43 million and $254.97 million respectively. In this case, analysts expect current quarter sales to shrink by -0.60% and then jump by 3.90% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -23.70%. While earnings are projected to return -10.30% in 2023, the next five years will return 36.48% per annum.

HPP Dividends

Hudson Pacific Properties Inc. is due to release its next quarterly earnings between July 24 and July 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Hudson Pacific Properties Inc. is 1.00, with the dividend yield indicating at 22.57 percent, continuing the trend of increasing dividends in recent years.

Hudson Pacific Properties Inc. (NYSE:HPP)’s Major holders

Hudson Pacific Properties Inc. insiders own 2.80% of total outstanding shares while institutional holders control 103.89%, with the float percentage being 106.88%. Blackrock Inc. is the largest shareholder of the company, while 369 institutions own stock in it. As of Mar 30, 2023, the company held over 24.19 million shares (or 17.17% of all shares), a total value of $160.9 million in shares.

The next largest institutional holding, with 22.53 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 15.99% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $149.82 million.

Also, the Mutual Funds coming in first place with the largest holdings of Hudson Pacific Properties Inc. (HPP) shares are iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund. Data provided on Feb 27, 2023 indicates that iShares Core S&P Smallcap ETF owns about 9.85 million shares. This amounts to just over 6.99 percent of the company’s overall shares, with a $90.91 million market value. The same data shows that the other fund manager holds slightly less at 6.32 million, or about 4.49% of the stock, which is worth about $71.98 million.

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