In the latest trading session, 1.34 million Hudson Pacific Properties Inc (NYSE:HPP) shares changed hands as the company’s beta touched 1.36. With the company’s most recent per share price at $4.61 changed hands at -$0.54 or -10.58% at last look, the market valuation stands at $650.00M. HPP’s current price is a discount, trading about -113.67% off its 52-week high of $9.85. The share price had its 52-week low at $4.26, which suggests the last value was 7.59% up since then. When we look at Hudson Pacific Properties Inc’s average trading volume, we note the 3-month average coming to 2.16 million.
Hudson Pacific Properties Inc (NYSE:HPP) trade information
Instantly HPP was in red as seen in intraday trades today. With action -6.59%, the performance over the past five days has been red. The drop to weekly highs of 5.16 subtracted -10.58% to the stock’s daily price. The company’s shares are showing year-to-date downside of -50.54%, with the 5-day performance at -6.59% in the red. However, in the 30-day time frame, Hudson Pacific Properties Inc (NYSE:HPP) is -4.46% down.
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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 -51.83% over the past 6 months, a -4.44% in annual growth rate that is considerably lower than the industry average of -2.70%. Year-over-year growth is forecast to reach -5.10% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 221.5M. 4 analysts are of the opinion that Hudson Pacific Properties Inc’s revenue for the current quarter will be 233.19M. The company’s revenue for the corresponding quarters a year ago was 234.51M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -5.50%.
The 2024 estimates are for Hudson Pacific Properties Inc earnings to increase by 3.43%, but the outlook for the next 5-year period is at 36.48% per year.
HPP Dividends
Hudson Pacific Properties Inc is expected to release its next quarterly earnings report in August. The 2.17% annual yield figure for the share gives it an annual dividend of 0.10. It is important to note, however, that the 2.17% 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 3.32% of Hudson Pacific Properties Inc shares while 109.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 113.00%. There are 109.25% institutions holding the Hudson Pacific Properties Inc stock share, with Blackrock Inc. the top institutional holder. As of Mar 31, 2024, the company held 18.71% of the shares, roughly 26.41 HPP shares worth $124.64 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 15.15% or 21.39 shares worth $100.96 million as of Mar 31, 2024.
Among Mutual Funds, the top two as of May 31, 2024 were iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund. With 8.53 shares estimated at $40.27 million under it, the former controlled 6.04% of total outstanding shares. On the other hand, Vanguard Specialized-Real Estate Index Fund held about 3.66% of the shares, roughly 5.17 shares worth around $24.4 million.
