Hudson Pacific Properties Inc (NYSE:HPP) shares, rose in value on Wednesday, November 20, with price down by -3.00% to the previous day’s close as strong demand from buyers drove the stock to $3.23.
Actively observing the price movement in the last trading, the stock closed the session at $3.33, falling within a range of $3.16 and $3.32. The value of beta (5-year monthly) was 1.335. Referring to stock’s 52-week performance, its high was $9.85, and the low was $3.25. On the whole, HPP has fluctuated by -31.13% over the past month.
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With the market capitalization of Hudson Pacific Properties Inc currently standing at about $468.06 million, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.10, with its dividend yield at 3.10%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 842.46M, with a low estimate of 204.34M and a high estimate of 217M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 212.28M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HPP’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of HPP currently trading nearly -22.14% and -28.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.20, while the 7-day volatility ratio is showing 7.03% which for the 30-day chart, stands at 6.27%. Furthermore, Hudson Pacific Properties Inc (HPP)’s beta value is 1.31, and its average true range (ATR) is 0.26.
A comparison of Hudson Pacific Properties Inc (HPP) with its peers suggests the former has fared considerably weaker in the market. HPP showed an intraday change of -3.00% in last session, and over the past year, it shrunk by -40.84%%.
Data on historical trading for Hudson Pacific Properties Inc (NYSE:HPP) indicates that the trading volumes over the past 10 days have averaged 3.35 and over the past 3 months, they’ve averaged 2.34 million. According to company’s latest data on outstanding shares, there are 141.03 million shares outstanding.
Nearly 2.86% of Hudson Pacific Properties Inc’s shares belong to company insiders and institutional investors own 105.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.79 million shares as on 2024-10-31, resulting in a short ratio of 10.65. According to the data, the short interest in Hudson Pacific Properties Inc (HPP) stood at 2637.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 23.14 million. The stock has fallen by -65.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HPP stock heading into the next quarter.
