Now Is A Suitable Moment For A Long-Term Purchase Of Hudson Pacific Properties Inc (NYSE: HPP)

Currently, there are 141.03M common shares owned by the public and among those 136.99M shares have been available to trade.

Insiders at the company have transacted a total of 17 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 298,245 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 3,995 shares.

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The company’s stock has a 5-day price change of -11.24% and 27.32% over the past three months. HPP shares are trading -27.93% year to date (YTD), with the 12-month market performance down to -31.97% lower. It has a 12-month low price of $3.98 and touched a high of $10.11 over the same period. HPP has an average intraday trading volume of 2.81 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.04%, -20.18%, and 7.92% respectively.

Institutional ownership of Hudson Pacific Properties Inc (NYSE: HPP) shares accounts for 111.61% of the company’s 141.03M shares outstanding.

It has a market capitalization of $945.71M and a beta (3y monthly) value of 1.39. The earnings-per-share (ttm) stands at -$1.36. The company has a debt-to-equity ratio at 1.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.26% over the week and 5.18% over the month.

Analysts forecast that Hudson Pacific Properties Inc (HPP) will achieve an EPS of -$0.4 for the current quarter, -$0.3 for the next quarter and -$0.89 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.4 while analysts give the company a high EPS estimate of -$0.4. Comparatively, EPS for the current quarter was -$0.14 a year ago. Earnings per share for the fiscal year are expected to increase by 24.26%, and 16.02% over the next financial year.

Looking at the support for the HPP, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on January 02, 2024, with the firm’s price target at $6-$12.

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