The price of Hudson Pacific Properties Inc. (NYSE:HPP) shares last traded on Wall Street fell -7.00% to $4.65.
Based on available information, 13 analysts follow Hudson Pacific Properties Inc. (NYSE:HPP). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $4.00, we find $6.00. Given the previous closing price of $5.00, this indicates a potential upside of 20.0 percent. HPP stock price is now -17.82% away from the 50-day moving average and -52.39% away from the 200-day moving average. The market capitalization of the company currently stands at $646.54M.
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Among analysts, 11 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $6.55 as their price target over the next twelve months.
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In other news, Suazo Arthur X., EVP, Leasing bought 10,000 shares of the company’s stock on Mar 28. The stock was bought for $58,600 at an average price of $5.86. Upon completion of the transaction, the EVP, Leasing now directly owns 87,102 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27, Chief Investment Officer Gordon Drew bought 25,000 shares of the business’s stock. A total of $149,000 was incurred on buying the stock at an average price of $5.96. This leaves the insider owning 116,958 shares of the company worth $0.54 million. Insiders disposed of 12,659 shares of company stock worth roughly $58864.350000000006 over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HPP stock. A new stake in Hudson Pacific Properties Inc. shares was purchased by ZIMMER PARTNERS, LP during the first quarter worth $7,498,000. CINCTIVE CAPITAL MANAGEMENT LP invested $4,697,000 in shares of HPP during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Hudson Pacific Properties Inc. valued at approximately $2,780,000. HRT FINANCIAL LP acquired a new stake in HPP for approximately $994,000. WALLEYE CAPITAL LLC purchased a new stake in HPP valued at around $958,000 in the second quarter. In total, there are 369 active investors with 103.89% ownership of the company’s stock.
A candlestick chart of Hudson Pacific Properties Inc. (NYSE: HPP) showed a price of $4.9900 on Wednesday morning. During the past 12 months, Hudson Pacific Properties Inc. has had a low of $4.08 and a high of $20.30. The fifty day moving average price for HPP is $5.6026 and a two-hundred day moving average price translates $9.7179 for the stock.
The latest earnings results from Hudson Pacific Properties Inc. (NYSE: HPP) was released for Mar, 2023. According to the REIT – Office Company, earnings per share came in at -$0.14, beating analysts’ expectations of -$0.15 by 0.01. This compares to -$0.13 EPS in the same period last year. The net profit margin was -5.50% and return on equity was -2.00% for HPP. The company reported revenue of $252.26 million for the quarter, compared to $244.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.17 percent. For the current quarter, analysts expect HPP to generate $249.83M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/30/2023. Investors who held shares on 03/20/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 21.51% percent yield. There was an ex-dividend date of 03/17/2023 for this dividend.
Hudson Pacific Properties Inc.(HPP) Company Profile
Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.
