Hudson Pacific Properties Inc (NYSE:HPP) has a beta value of 1.35 and has seen 1.31 million shares traded in the last trading session. The company, currently valued at $639.06M, closed the last trade at $4.41 per share which meant it gained $0.16 on the day or 3.76% during that session. The HPP stock price is -123.36% off its 52-week high price of $9.85 and 6.8% above the 52-week low of $4.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.93 million shares traded. The 3-month trading volume is 2.29 million shares.
The consensus among analysts is that Hudson Pacific Properties Inc (HPP) is Hold stock at the moment, with a recommendation rating of 2.83. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 9 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.38.
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Hudson Pacific Properties Inc (NYSE:HPP) trade information
Sporting 3.76% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HPP stock price touched $4.41 or saw a rise of 2.0%. Year-to-date, Hudson Pacific Properties Inc shares have moved -52.63%, while the 5-day performance has seen it change 4.01%. Over the past 30 days, the shares of Hudson Pacific Properties Inc (NYSE:HPP) have changed -3.71%. Short interest in the company has seen 23.62 million shares shorted with days to cover at 10.26.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could jump 68.5% from current levels. The projected low price target is $4.0 while the price target rests at a high of $28.0. In that case, then, we find that the current price level is -534.92% off the targeted high while a plunge would see the stock lose 9.3% from current levels.
Hudson Pacific Properties Inc (HPP) estimates and forecasts
Figures show that Hudson Pacific Properties Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -15.52% over the past 6 months, with this year growth rate of -36.67%, compared to -2.90% for the industry. Revenue growth from the last financial year stood is estimated to be -9.60%.
5 analysts offering their estimates for the company have set an average revenue estimate of 213.89M for the current quarter. 4 have an estimated revenue figure of 213.51M for the next ending quarter.
Earnings growth for 2024 is a modest -10.29% while over the next 5 years, the company’s earnings are expected to increase by 36.48%.
HPP Dividends
Hudson Pacific Properties Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.10 at a share yield of 2.27%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 6.44%.
Hudson Pacific Properties Inc (NYSE:HPP)’s Major holders
Insiders own 3.33% of the company shares, while shares held by institutions stand at 109.06% with a share float percentage of 112.82%. Investors are also buoyed by the number of investors in a company, with Hudson Pacific Properties Inc having a total of 349.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 27.23 million shares worth more than $130.97 million. As of 2024-06-30, BLACKROCK INC. held 19.294% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 21.04 million shares as of 2024-06-30. The firm’s total holdings are worth over $101.22 million and represent 14.9112% of shares outstanding.
