Hudson Pacific Properties Inc (HPP) Outlook Starting To Look Brighter?

Hudson Pacific Properties Inc (HPP) concluded trading on Wednesday at a closing price of $5.69, with 4.49 million shares of worth about $25.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.05% during that period and on May 01, 2024 the price saw a loss of about -1.90%. Currently the company’s common shares owned by public are about 141.03M shares, out of which, 136.21M shares are available for trading.

Stock saw a price change of -4.37% in past 5 days and over the past one month there was a price change of -8.08%. Year-to-date (YTD), HPP shares are showing a performance of -38.88% which increased to 8.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.98 but also hit the highest price of $9.85 during that period. The average intraday trading volume for Hudson Pacific Properties Inc shares is 2.51 million. The stock is currently trading -5.58% below its 20-day simple moving average (SMA20), while that difference is down -9.68% for SMA50 and it goes to -14.50% lower than SMA200.

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Hudson Pacific Properties Inc (NYSE: HPP) currently have 141.03M outstanding shares and institutions hold larger chunk of about 109.97% of that.

The stock has a current market capitalization of $802.92M and its 3Y-monthly beta is at 1.34. It has posted earnings per share of -$1.36 in the same period. It has a debt-to-equity ratio of 1.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HPP, volatility over the week remained 3.78% while standing at 4.39% over the month.

Stock’s fiscal year EPS is expected to drop by -7.60% while it is estimated to increase by 16.86% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on March 18, 2024 offering an Outperform rating for the stock and assigned a target price of $8.40 to it. Coverage by Wedbush stated Hudson Pacific Properties Inc (HPP) stock as a Neutral in their note to investors on February 20, 2024, suggesting a price target of $7.50 for the stock. On January 02, 2024, Jefferies Upgrade their recommendations, while on November 30, 2023, Goldman Upgrade their ratings for the stock with a price target of $6.25. Stock get an Underperform rating from BofA Securities on November 13, 2023.

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