At the time of writing, Hudson Pacific Properties Inc [HPP] stock is trading at $6.64, up 0.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The HPP shares have gain 4.24% over the last week, with a monthly amount drifted -13.77%, and not seem to be holding up well over a long-time horizon.
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On 29, February 2024, Hudson Pacific Properties to Participate in Citi’s 2024 Global Property CEO Conference. In a post published today on Yahoo Finance, Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that Victor Coleman, Chairman and Chief Executive Officer, and other members of the company’s senior management will participate in a roundtable discussion at Citi’s 2024 Global Property CEO Conference on Monday, March 4, 2024 at 11:00 a.m. ET.
From an analyst’s perspective:
Hudson Pacific Properties Inc [NYSE: HPP] stock has seen the most recent analyst activity on February 20, 2024, when Wedbush downgraded its rating to a Neutral and also revised its price target to $7.50 from $11. Previously, Jefferies upgraded its rating to Buy on January 02, 2024, and elevated its price target to $12. On November 30, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $6.25 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $4 on November 13, 2023. Mizuho upgraded its rating to a Neutral and reduced its price target to $7 on October 18, 2023. Wedbush started tracking with a Outperform rating for this stock on October 03, 2023, and assigned it a price target of $8. In a note dated September 26, 2023, BTIG Research upgraded an Buy rating on this stock but restated the target price of $11.
For the past year, the stock price of Hudson Pacific Properties Inc fluctuated between $3.98 and $9.85. Currently, Wall Street analysts expect the stock to reach $18.14 within the next 12 months. Hudson Pacific Properties Inc [NYSE: HPP] shares were valued at $6.64 at the most recent close of the market. An investor can expect a potential return of 173.19% based on the average HPP price forecast.
Analyzing the HPP fundamentals
According to Hudson Pacific Properties Inc [NYSE:HPP], the company’s sales were 949.54M for trailing twelve months, which represents an -17.27% plunge. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.47 points at the first support level, and at 6.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.76, and for the 2nd resistance point, it is at 6.88.
Hudson Pacific Properties Inc [HPP] reported earnings per share of -$0.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.39/share, meaning a difference of $0.36 and a surprise factor of 92.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.27 per share as compared to estimates of -$0.31 per share, a difference of $0.04 representing a surprise of 12.90%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 0.35.
Transactions by insiders
Recent insider trading involved SHOLEM BARRY A, Director, that happened on Feb 22 ’24 when 40000.0 shares were purchased. Director, SHOLEM BARRY A completed a deal on Feb 21 ’24 to buy 40000.0 shares. Meanwhile, Chief Investment Officer Gordon Drew sold 10000.0 shares on Feb 16 ’24.
