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.
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.
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