Hudson Pacific Properties Inc (NYSE:HPP) shares, rose in value on Thursday, March 06, with the stock price down by -5.63% to the previous day’s close as strong demand from buyers drove the stock to $3.02.
Actively observing the price movement in the last trading, the stock closed the session at $3.20. Referring to stock’s 52-week performance, its high was $7.16, and the low was $2.39. On the whole, HPP has fluctuated by -5.63% over the past month.
With the market capitalization of Hudson Pacific Properties Inc currently standing at about $438.35 million, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.10, with its dividend yield at 3.31%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 821.13M, with a low estimate of 193.38M and a high estimate of 211.75M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 201.94M.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 -1.61% and 0.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.35, while the 7-day volatility ratio is showing 6.41% which for the 30-day chart, stands at 6.20%. Furthermore, Hudson Pacific Properties Inc (HPP)’s beta value is 1.33, and its average true range (ATR) is 0.20.
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 -5.63% in last session, and over the past year, it shrunk by -54.25%%.
Data on historical trading for Hudson Pacific Properties Inc (NYSE:HPP) indicates that the trading volumes over the past 3 months, they’ve averaged 4.13 million. According to company’s latest data on outstanding shares, there are 141.28 million shares outstanding.
Nearly 3.41% of Hudson Pacific Properties Inc’s shares belong to company insiders and institutional investors own 102.86% of the company’s shares. The stock has fallen by -0.33% 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.
