In the last trading session, 3.02 million Hudson Pacific Properties Inc (NYSE:HPP) shares changed hands as the company’s beta touched 1.37. With the company’s per share price at $2.75 changed hands at $0.1 or 3.77% during last session, the market valuation stood at $399.16M. HPP’s last price was a discount, traded about -147.27% off its 52-week high of $6.80. The share price had its 52-week low at $2.39, which suggests the last value was 13.09% up since then. When we look at Hudson Pacific Properties Inc’s average trading volume, we note the 10-day average is 2.84 million shares, with the 3-month average coming to 3.92 million.
Analysts gave the Hudson Pacific Properties Inc (HPP) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.82. 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 was in green as seen at the end of in last trading. With action -12.70%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -9.24%, with the 5-day performance at -12.70% in the red. However, in the 30-day time frame, Hudson Pacific Properties Inc (NYSE:HPP) is -4.84% down. Looking at the short shares, we see there were 20.37 million shares sold at short interest cover period of 7.75 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 60.71% from its current 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 -300.0% plunge from its current level, while the stock would need to soar -9.09% for it to hit the projected low.
Hudson Pacific Properties Inc (HPP) estimates and forecasts
Year-over-year growth is forecast to reach -6.39% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 197.95M. 2 analysts are of the opinion that Hudson Pacific Properties Inc’s revenue for the current quarter will be 198.14M. The company’s revenue for the corresponding quarters a year ago was 214.02M and 218M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.51%. The estimates for the next quarter sales put growth at -9.11%.
The 2025 estimates are for Hudson Pacific Properties Inc earnings to increase by 33.53%.
HPP Dividends
Hudson Pacific Properties Inc is expected to release its next quarterly earnings report on 2025-Feb-19. The 3.64% annual yield figure for the share gives it an annual dividend of 0.10. It is important to note, however, that the 3.64% 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 6.45 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 107.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 110.90%. There are 107.13% 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 Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund . With 5.01 shares estimated at $13.78 million under it, the former controlled 3.54% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.14% of the shares, roughly 4.45 shares worth around $12.22 million.
