In the last trading session, 1.86 million Hudson Pacific Properties Inc (NYSE:HPP) shares changed hands as the company’s beta touched 1.20. With the company’s per share price at $5.46 changed hands at -$0.03 or -0.55% during last session, the market valuation stood at $769.53M. HPP’s last price was a discount, traded about -123.99% off its 52-week high of $12.23. The share price had its 52-week low at $4.05, which suggests the last value was 25.82% up since then. When we look at Hudson Pacific Properties Inc’s average trading volume, we note the 10-day average is 4.07 million shares, with the 3-month average coming to 3.85 million.
Analysts gave the Hudson Pacific Properties Inc (HPP) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.62. If we narrow down to specifics, the data shows that 1 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended HPP as a Hold, 4 felt it is a Buy and 1 rated the stock as Underweight. Hudson Pacific Properties Inc’s EPS for the current quarter is expected to be $Hewlett Packard Enterprise Comp.
Hudson Pacific Properties Inc (NYSE:HPP) trade information
Instantly HPP was in red as seen at the end of in last trading. With action 9.86%, the performance over the past five days has been green. The drop to weekly highs of 5.95 on Monday, 11/20/23 subtracted -0.55% to the stock’s daily price. The company’s shares are showing year-to-date downside of -43.88%, with the 5-day performance at 9.86% in the green. However, in the 30-day time frame, Hudson Pacific Properties Inc (NYSE:HPP) is 8.33% up. Looking at the short shares, we see there were 22.26 million shares sold at short interest cover period of 6.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is $6.71, meaning bulls need an upside of 18.63% from its current market value. According to analyst projections, HPP’s forecast low is $4.00 with $11.00 as the target high. To hit the forecast high, the stock’s price needs a -101.47% plunge from its current level, while the stock would need to tank 26.74% for it to hit the projected low.
Hudson Pacific Properties Inc (HPP) estimates and forecasts
Data shows that the Hudson Pacific Properties Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 15.92% over the past 6 months, a -51.49% in annual growth rate that is considerably lower than the industry average of -6.10%.
The 2023 estimates are for Hudson Pacific Properties Inc earnings to decrease by -170.09%, but the outlook for the next 5-year period is at 36.48% per year.
Hudson Pacific Properties Inc is expected to release its next quarterly earnings report between February 06 and February 12. The 7.18% annual yield figure for the share gives it an annual dividend of 0.39. It is important to note, however, that the 7.18% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Hudson Pacific Properties Inc (NYSE:HPP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.87% of Hudson Pacific Properties Inc shares while 107.78% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 110.97%. There are 107.78% institutions holding the Hudson Pacific Properties Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 17.27% of the shares, roughly 24.34 million HPP shares worth $102.73 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 15.43% or 21.75 million shares worth $91.78 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund. With 8.54 million shares estimated at $56.79 million under it, the former controlled 6.06% of total outstanding shares. On the other hand, Vanguard Specialized-Real Estate Index Fund held about 3.80% of the shares, roughly 5.35 million shares worth around $31.42 million.