In today’s recent session, 0.47 million shares of the Hudson Pacific Properties Inc (NYSE:HPP) have been traded, and its beta is 1.34. Most recently the company’s share price was $3.12, and it changed around -$0.02 or -0.80% from the last close, which brings the market valuation of the company to $451.40M. HPP at last check was trading at a discount to its 52-week high of $9.25, offering almost -196.47% off that amount. The share price’s 52-week low was $2.39, which indicates that the recent value has risen by an impressive 23.4% since then. We note from Hudson Pacific Properties Inc’s average daily trading volume that its 10-day average is 3.28 million shares, with the 3-month average coming to 4.14 million.
Hudson Pacific Properties Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 10 recommended HPP as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Hudson Pacific Properties Inc is expected to report earnings per share of 0 for the current quarter.
Hudson Pacific Properties Inc (NYSE:HPP) trade information
Instantly HPP has been showing red trend so far today with a performance of -0.80% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.43 on recent trading dayincreased the stock’s daily price by 9.04%. The company’s shares are currently up 2.81% year-to-date, but still up 24.10% over the last five days. On the other hand, Hudson Pacific Properties Inc (NYSE:HPP) is -0.48% down in the 30-day period. We can see from the shorts that 21.2 million shares have been sold at a short interest cover period of 3.27 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 48.0% from its current value. Analyst projections state that HPP is forecast to be at a low of $3 and a high of $11.
Hudson Pacific Properties Inc (HPP) estimates and forecasts
Hudson Pacific Properties Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -41.67 percent over the past six months and at a -43.33% annual growth rate that is well below the industry average of -3.20%. The year-over-year growth rate is expected to be -12.50%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 208.26M in revenue for the current quarter. 4 analysts expect Hudson Pacific Properties Inc to make 205.61M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 223.42M and 214.02M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.79%. Forecasts for the next quarter put sales growth at -3.93%.
HPP Dividends
Hudson Pacific Properties Inc’s next quarterly earnings report is expected to be released in February. The annual dividend yield of the stock is 3.21 percent and its annual dividend per share was 0.10. It is important to note, however, that the 3.21% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 6.44 per year.
Hudson Pacific Properties Inc (NYSE:HPP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.40% of Hudson Pacific Properties Inc shares, and 114.73% of them are in the hands of institutional investors. The stock currently has a share float of 118.77%. Hudson Pacific Properties Inc stock is held by 343.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 19.294% of the shares, which is about 27.23 million shares worth $130.97 million.
VANGUARD GROUP INC, with 14.9112% or 21.04 million shares worth $101.22 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund were the top two Mutual Funds as of Oct 31, 2024 . The former held 9.01 shares worth $28.14 million, making up 6.38% of all outstanding shares. On the other hand, Vanguard Specialized-Real Estate Index Fund held roughly 5.01 shares worth around $15.65 million, which represents about 3.55% of the total shares outstanding.
