Hudson Pacific Properties Inc (NYSE:HPP) price on Wednesday, February 05, fall -1.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.15.
A look at the stock’s price movement, the close in the last trading session was $3.20, moving within a range at $3.13 and $3.27. The beta value (5-Year monthly) was 1.335. Turning to its 52-week performance, $8.12 and $2.39 were the 52-week high and 52-week low respectively. Overall, HPP moved 8.62% over the past month.
Hudson Pacific Properties Inc’s market cap currently stands at around $456.46 million, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.10, with its dividend yield at 3.17%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 207.95M for the company’s revenue for the quarter, with a low and high estimate of 199.7M and 217M respectively. The average forecast suggests down to a -6.93% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 831.8M, representing a -12.65% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HPP is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 2 recommend HPP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HPP’s current price about 5.12% and 0.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.18, while 7-day volatility ratio is 6.80% and 7.24% in the 30-day chart. Further, Hudson Pacific Properties Inc (HPP) has a beta value of 1.36, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $3 and high of $11. Looking at the price targets, the low is 4.76% off current price level while to achieve the yearly target high, price needs to move -249.21%. Nonetheless, investors will most likely welcome a -90.48% jump to $6 which is the analysts’ median price.
If we refocus on Hudson Pacific Properties Inc (NYSE:HPP), historical trading data shows that trading volumes averaged 2.73 over the past 10 days and 4.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 141.23 million shares.
The 2.90% of Hudson Pacific Properties Inc’s shares are in the hands of company insiders while institutional holders own 106.03% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 19.6 million on 2025-01-15, giving us a short ratio of 3.11. The data shows that as of 2025-01-15 short interest in Hudson Pacific Properties Inc (HPP) stood at 2268.0001 of shares outstanding, with shares short falling to 27.14 million registered in 2024-12-13. Current price change has pushed the stock 3.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HPP stock continues to rise going into the next quarter.
