Hudson Pacific Properties Inc (NYSE:HPP) Down -7.28% Over The Past 30 Days: Any Troubles Ahead?

In recent trading session, Hudson Pacific Properties Inc (NYSE:HPP) saw 1.47 million shares changing hands at last check today with its beta currently measuring 1.36. Company’s recent per share price level of $2.99 trading at $0.38 or 14.75% at last check today assigns it a market valuation of $434.01M. That most recent trading price of HPP’s stock is at a discount of -229.43% from its 52-week high price of $9.85 and is indicating a premium of 20.07% from its 52-week low price of $2.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.0 million shares which gives us an average trading volume of 3.19 million if we extend that period to 3-months.

For Hudson Pacific Properties Inc (HPP), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

Hudson Pacific Properties Inc (NYSE:HPP) trade information

Upright in the green today for gaining 14.75%, in the last five days HPP remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $2.99 price level, adding 8.84% to its value on the day. Hudson Pacific Properties Inc’s shares saw a change of -67.83% in year-to-date performance and have moved -8.97% in past 5-day. Hudson Pacific Properties Inc (NYSE:HPP) showed a performance of -7.28% in past 30-days. Number of shares sold short was 24.95 million shares which calculate 7.95 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 50.17% to its recent value today. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 11. It follows that stock’s current price would drop -33.78% in reaching the projected high whereas dropping to the targeted low would mean a loss of -33.78% for stock’s current value.

Hudson Pacific Properties Inc (HPP) estimates and forecasts

Statistics highlight that Hudson Pacific Properties Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -39.13% of value to its shares in past 6 months, showing an annual growth rate of -43.33% while that of industry is -4.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -11.96% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 207M for the same. And 3 analysts are in estimates of company making revenue of 204.48M in the next quarter. Company posted 223.42M and 214.02M of sales in current and next quarters respectively a year earlier.

In 2024, company’s earnings growth rate is likely to be around -29.66% while estimates for its earnings growth in next 5 years are of 36.48%.

HPP Dividends

Hudson Pacific Properties Inc is more likely to be releasing its next quarterly report in January and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 3.34%, the share has a forward dividend of 0.10 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 6.43%.

Hudson Pacific Properties Inc (NYSE:HPP)’s Major holders

Insiders are in possession of 3.37% of company’s total shares while institution are holding 110.39 percent of that, with stock having share float percentage of 114.23%. Investors also watch the number of corporate investors in a company very closely, which is 110.39% institutions for Hudson Pacific Properties Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at HPP for having 27.23 million shares of worth $130.97 million. And as of 2024-06-30, it was holding 19.294 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 21.04 million shares on 2024-06-30. The number of shares represents firm’s hold over 14.9112 of outstanding shares, having a total worth of $101.22 million.

On the other hand, iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 31, 2024, the former fund manager was holding 9.01 shares of worth $27.29 million or 6.38% of the total outstanding shares. The later fund manager was in possession of 5.09 shares on Jul 31, 2024, making its stake of worth around $15.41 million in the company or a holder of 3.60% of company’s stock.