Hudson Pacific Properties Inc (NYSE:HPP) shares traded 10.51% higher at $8.94 on Wall Street last session.
HPP stock price is now 56.05% away from the 50-day moving average and 52.87% away from the 200-day moving average. The market capitalization of the company currently stands at $1.26B.
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With the price target enhanced from $5.50 to $6.25, Goldman Upgraded its rating from Sell to Neutral 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 $0.78 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 $1.05 million. Insiders disposed of 12,659 shares of company stock worth roughly $0.11 million over the past 1 year. A total of 2.74% of the company’s stock is owned by insiders.
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 $5.73 and a two-hundred day moving average price translates $5.85 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 $231.69M 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.
