The stock of Hudson Pacific Properties Inc (NYSE:HPP) last traded at $5.41, down -5.75% from the previous session.
Data from the available sources indicates that Hudson Pacific Properties Inc (NYSE:HPP) is covered by 13 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $4.00, we find $6.00. Given the previous closing price of $5.74, this indicates a potential upside of 4.53 percent. HPP stock price is now -7.78% away from the 50-day moving average and -13.14% away from the 200-day moving average. The market capitalization of the company currently stands at $762.49M.
In total, 7 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $6.71 as their price target over the next twelve months.
With the price target reduced from $5.50 to $4, BofA Securities Downgraded its rating from Neutral to Underperform for Hudson Pacific Properties Inc (NYSE: HPP).
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 $0.47 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 $0.63 million. Insiders disposed of 12,659 shares of company stock worth roughly $68485.19 over the past 1 year. A total of 2.73% of the company’s stock is owned by insiders.
With an opening price of $5.70 on Thursday morning, Hudson Pacific Properties Inc (NYSE: HPP) set off the trading day. During the past 12 months, Hudson Pacific Properties Inc has had a low of $4.05 and a high of $12.23. The fifty day moving average price for HPP is $5.83 and a two-hundred day moving average price translates $6.20 for the stock.
The latest earnings results from Hudson Pacific Properties Inc (NYSE: HPP) was released for Sep, 2023. According to the REIT – Office Company, earnings per share came in at -$0.27, beating analysts’ expectations of -$0.31 by 0.04. This compares to -$0.12 EPS in the same period last year. The net profit margin was -7.15% and return on equity was -2.61% for HPP. The company reported revenue of $231.44 million for the quarter, compared to $260.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.1 percent. For the current quarter, analysts expect HPP to generate $235.14M in revenue.
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.