Hudson Pacific Properties Inc (NYSE:HPP) shares, rose in value, with the stock price up by 0.96% to the previous day’s close as strong demand from buyers drove the stock to $6.28.
Actively observing the price movement in the last trading, the stock closed the session at $6.22. The value of beta (5-year monthly) was 1.32. Referring to stock’s 52-week performance, its high was $9.85, and the low was $3.98. On the whole, HPP has fluctuated by -5.42% over the past month.
With the market capitalization of Hudson Pacific Properties Inc currently standing at about $886.17 million, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024. The company’s Forward Dividend Ratio is 0.05, with its dividend yield at 0.80%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.46, which is expected to increase to -$0.38 for fiscal year -$1.46 and then to about -$1.22 by fiscal year 2025. Data indicates that the EPS growth is expected to be -108.60% in 2025, while the next year’s EPS growth is forecast to be 16.40%.
Analysts have estimated the company’s revenue for the quarter at $213.73 million, with a low estimate of $208.76 million and a high estimate of $216.3 million. According to the average forecast, sales growth in current quarter could jump down -14.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $934.71 million, representing a decrease of -1.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. 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 Hold while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HPP currently trading nearly -2.56% and -10.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.20, while the 7-day volatility ratio is showing 4.56% which for the 30-day chart, stands at 4.71%. Furthermore, Hudson Pacific Properties Inc (HPP)’s beta value is 1.33, and its average true range (ATR) is 0.32.
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 0.96% in last session, and over the past year, it grew by 0.23%%.
Data on historical trading for Hudson Pacific Properties Inc (NYSE:HPP) indicates that the trading volumes over the past 10 days have averaged 1.77 million and over the past 3 months, they’ve averaged 2.65 million. According to company’s latest data on outstanding shares, there are 141.03 million shares outstanding.
Nearly 2.84% of Hudson Pacific Properties Inc’s shares belong to company insiders and institutional investors own 108.83% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.91 million shares as on Mar 15, 2024, resulting in a short ratio of 7.89. According to the data, the short interest in Hudson Pacific Properties Inc (HPP) stood at 14.82% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 20.86 million. The stock has fallen by -32.55% 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.
