During the recent session, Hudson Pacific Properties Inc (NYSE:HPP)’s traded shares were 0.64 million, with the beta value of the company hitting 1.29. At the last check today, the stock’s price was $3.20, reflecting an intraday gain of 5.08% or $0.15. The 52-week high for the HPP share is $9.85, that puts it down -207.81 from that peak though still a striking 5.0% gain since the share price plummeted to a 52-week low of $3.04. The company’s market capitalization is $464.44M, and the average intraday trading volume over the past 10 days was 3.54 million shares, and the average trade volume was 2.38 million shares over the past three months.
Hudson Pacific Properties Inc (HPP) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. HPP has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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Hudson Pacific Properties Inc (NYSE:HPP) trade information
Hudson Pacific Properties Inc (HPP) registered a 5.08% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.08% in intraday trading to $3.20, hitting a weekly high. The stock’s 5-day price performance is -12.91%, and it has moved by -31.08% in 30 days. Based on these gigs, the overall price performance for the year is -39.30%. The short interest in Hudson Pacific Properties Inc (NYSE:HPP) is 22.79 million shares and it means that shorts have 10.65 day(s) to cover.
The consensus price target of analysts on Wall Street is $12.5, which implies an increase of 74.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $28 respectively. As a result, HPP is trading at a discount of -775.0% off the target high and -25.0% 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 -31.81% during the last six months, with a year-to-date growth rate less than the industry average at -42.22% against -4.00. In the rating firms’ projections, revenue will decrease -11.62% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 209.38M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 204.83M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 223.42M and 214.02M respectively. In this case, analysts expect current quarter sales to shrink by -6.29% and then drop by -4.29% in the coming quarter.
While earnings are projected to return -29.66% in 2024, the next five years will return 36.48% per annum.
HPP Dividends
Hudson Pacific Properties Inc is due to release its next quarterly earnings in December. 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 0.10, with the dividend yield indicating at 3.12 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 6.44%.
Hudson Pacific Properties Inc (NYSE:HPP)’s Major holders
Hudson Pacific Properties Inc insiders own 3.33% of total outstanding shares while institutional holders control 110.26%, with the float percentage being 114.06%. BLACKROCK INC. is the largest shareholder of the company, while 352.0 institutions own stock in it. As of 2024-06-30, the company held over 27.23 million shares (or 19.294% of all shares), a total value of $130.97 million in shares.
The next largest institutional holding, with 21.04 million shares, is of VANGUARD GROUP INC’s that is approximately 14.9112% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $101.22 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 Sep 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 8.56 shares. This amounts to just over 6.06 percent of the company’s overall shares, with a $27.4 million market value. The same data shows that the other fund manager holds slightly less at 5.09, or about 3.60% of the stock, which is worth about $16.28 million.
