Hudson Pacific Properties Inc (NYSE:HPP)’s traded shares stood at 0.86 million during the last session, with the company’s beta value hitting 1.33. At the last check today, the stock’s price was $3.85, to imply a decrease of -3.13% or -$0.12 in intraday trading. The HPP share’s 52-week high remains $9.85, putting it -155.84% down since that peak but still an impressive -2.08% since price per share fell to its 52-week low of $3.93. The company has a valuation of $557.29M, with an average of 2.55 million shares in intraday trading volume over the past 10 days and average of 2.31 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Hudson Pacific Properties Inc (HPP), translating to a mean rating of 3.00. Of 9 analyst(s) looking at the stock, 0 analyst(s) give HPP a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.42.
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Hudson Pacific Properties Inc (NYSE:HPP) trade information
After registering a -3.13% downside in the latest session, Hudson Pacific Properties Inc (HPP) has traded red over the past five days. The 5-day price performance for the stock is -15.66%, and -16.94% over 30 days. With these gigs, the year-to-date price performance is -58.69%. Short interest in Hudson Pacific Properties Inc (NYSE:HPP) saw shorts transact 22.79 million shares and set a 10.65 days time to cover.
The extremes give us $4 and $28 for target low and target high price respectively. As such, HPP has been trading -627.27% off suggested target high and -3.9% from its likely low.
Hudson Pacific Properties Inc (HPP) estimates and forecasts
Looking at statistics comparing Hudson Pacific Properties Inc share performance against respective industry, we note that the company has underperformed competitors. Hudson Pacific Properties Inc (HPP) shares are -28.25% down over the last 6 months, with its year-to-date growth rate lower than industry average at -40.00% against -3.80%. Revenue is forecast to grow 39.52% this quarter before falling -5.41% for the next one. The rating firms project that company’s revenue will shrink -10.17% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 214.92M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 211.43M.Earnings reports from the last fiscal year show that sales brought in 223.42M and 214.02M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -3.81% before dropping -1.21% in the following quarter.
HPP Dividends
Hudson Pacific Properties Inc has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Hudson Pacific Properties Inc has a forward dividend ratio of 0.10, with the share yield ticking at 2.60% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 6.44%.
Hudson Pacific Properties Inc (NYSE:HPP)’s Major holders
Hudson Pacific Properties Inc insiders hold 3.33% of total outstanding shares, with institutional holders owning 110.61% of the shares at 114.42% float percentage. In total, 110.61% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 27.23 million shares (or 19.294% of shares), all amounting to roughly $130.97 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 21.04 million shares, or about 14.9112% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $101.22 million.
