Hudson Pacific Properties Inc (NYSE: HPP) is -28.25% lower on its value in year-to-date trading and has touched a low of $3.98 and a high of $9.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HPP stock was last observed hovering at around $6.85 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $6.68, the stock is -1.28% and -15.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -2.48% at the moment leaves the stock 4.50% off its SMA200. HPP registered -17.98% loss for a year compared to 6-month gain of -7.35%. The firm has a 50-day simple moving average (SMA 50) of $5.95 and a 200-day simple moving average (SMA200) of $12.64.
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The stock witnessed a -13.13% loss in the last 1 month and extending the period to 3 months gives it a -13.13%, and is 0.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.28% over the week and 5.41% over the month.
Hudson Pacific Properties Inc (HPP) has around 758 employees, a market worth around $942.61M and $949.54M in sales. Profit margin for the company is -16.56%. Distance from 52-week low is 68.03% and -32.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.08%).
Hudson Pacific Properties Inc quarterly earnings per share for the current quarter are estimated at -$0.48 with sales reaching $215.3M over the same period.The EPS is expected to grow by 13.24% this year, but quarterly earnings will post -2.10% year-over-year. Quarterly sales are estimated to shrink -14.00% in year-over-year returns.
Hudson Pacific Properties Inc (HPP) Top Institutional Holders
355 institutions hold shares in Hudson Pacific Properties Inc (HPP), with institutional investors hold 114.80% of the company’s shares. The shares outstanding are 141.03M, and float is at 137.10M with Short Float at 15.22%. Institutions hold 111.64% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 24.34 million shares valued at $102.73 million. The investor’s holdings represent 17.27% of the HPP Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 21.75 million shares valued at $91.78 million to account for 15.43% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 10.41 million shares representing 7.38% and valued at over $101.24 million, while State Street Corporation holds 6.50% of the shares totaling 9.16 million with a market value of $38.67 million.
Hudson Pacific Properties Inc (HPP) Insider Activity
The most recent transaction is an insider purchase by SHOLEM BARRY A,the company’sDirector. SEC filings show that SHOLEM BARRY A bought 40,000 shares of the company’s common stock on Feb 22 ’24 at a price of $6.69 per share for a total of $0.27 million. Following the purchase, the insider now owns 0.11 million shares.
Hudson Pacific Properties Inc disclosed in a document filed with the SEC on Feb 21 ’24 that SHOLEM BARRY A (Director) bought a total of 40,000 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $6.69 per share for $0.27 million. Following the transaction, the insider now directly holds 70176.0 shares of the HPP stock.
Still, SEC filings show that on Feb 16 ’24, Gordon Drew (Chief Investment Officer) disposed off 10,000 shares at an average price of $7.11 for $71118.0. The insider now directly holds 116,694 shares of Hudson Pacific Properties Inc (HPP).
