In the latest trading session, 0.73 million Hudson Pacific Properties Inc (NYSE:HPP) shares changed hands as the company’s beta touched 1.35. With the company’s most recent per share price at $2.59 changing hands around $0.08 or 2.99% at last look, the market valuation stands at $374.59M. HPP’s current price is a discount, trading about -257.14% off its 52-week high of $9.25. The share price had its 52-week low at $2.39, which suggests the last value was 7.72% up since then. When we look at Hudson Pacific Properties Inc’s average trading volume, we note the 10-day average is 3.29 million shares, with the 3-month average coming to 4.08 million.
Analysts gave the Hudson Pacific Properties Inc (HPP) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended HPP as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Hudson Pacific Properties Inc’s EPS for the current quarter is expected to be 0.
Hudson Pacific Properties Inc (NYSE:HPP) trade information
Instantly HPP is in green as seen in intraday trades today. With action -8.01%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -14.69%, with the 5-day performance at -8.01% in the red. However, in the 30-day time frame, Hudson Pacific Properties Inc (NYSE:HPP) is -17.94% down. Looking at the short shares, we see there were 21.2 million shares sold at short interest cover period of 3.27 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 56.83% from its recent market value. According to analyst projections, HPP’s forecast low is 3 with 11 as the target high. To hit the forecast high, the stock’s price needs a -324.71% plunge from its current level, while the stock would need to soar -15.83% for it to hit the projected low.
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 -52.91% over the past 6 months, a -43.33% in annual growth rate that is considerably lower than the industry average of -4.20%. Year-over-year growth is forecast to reach -11.83% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 208.26M. 4 analysts are of the opinion that Hudson Pacific Properties Inc’s revenue for the current quarter will be 205.61M. The company’s revenue for the corresponding quarters a year ago was 223.42M and 214.02M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.79%. The estimates for the next quarter sales put growth at -3.93%.
The 2025 estimates are for Hudson Pacific Properties Inc earnings to decrease by -29.41%.
HPP Dividends
Hudson Pacific Properties Inc is expected to release its next quarterly earnings report in February. The 3.87% annual yield figure for the share gives it an annual dividend of 0.10. It is important to note, however, that the 3.87% 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. During the past 5 years, the average dividend yield was 6.44 per year.
Hudson Pacific Properties Inc (NYSE:HPP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.40% of Hudson Pacific Properties Inc shares while 114.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 118.97%. There are 114.92% institutions holding the Hudson Pacific Properties Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 19.294% of the shares, roughly 27.23 million HPP shares worth $130.97 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 14.9112% or 21.04 million shares worth $101.22 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund. With 9.01 shares estimated at $23.6 million under it, the former controlled 6.38% of total outstanding shares. On the other hand, Vanguard Specialized-Real Estate Index Fund held about 3.55% of the shares, roughly 5.01 shares worth around $13.12 million.
