Hudson Pacific Properties Inc (HPP) concluded trading on Thursday at a closing price of $5.39, with 3.1 million shares of worth about $16.7 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.98% during that period and on July 18, 2024 the price saw a loss of about -1.46%. Currently the company’s common shares owned by public are about 141.03M shares, out of which, 137.08M shares are available for trading.
Stock saw a price change of 1.13% in past 5 days and over the past one month there was a price change of 10.91%. Year-to-date (YTD), HPP shares are showing a performance of -42.11% which decreased to -1.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.26 but also hit the highest price of $9.85 during that period. The average intraday trading volume for Hudson Pacific Properties Inc shares is 2.21 million. The stock is currently trading 7.37% above its 20-day simple moving average (SMA20), while that difference is up 7.08% for SMA50 and it goes to -14.74% 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 106.36% of that.
The stock has a current market capitalization of $760.80M and its 3Y-monthly beta is at 1.36. It has posted earnings per share of -$1.59 in the same period. It has a debt-to-equity ratio of 1.42. 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 4.98% while standing at 4.83% over the month.
Stock’s fiscal year EPS is expected to rise by 3.43% while it is estimated to increase by 19.80% 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 Morgan Stanley on July 10, 2024 offering an Underweight rating for the stock and assigned a target price range of between $6 and $4.25 to it. Coverage by Wolfe Research stated Hudson Pacific Properties Inc (HPP) stock as an Outperform in their note to investors on March 18, 2024, suggesting a price target of $8.40 for the stock. On February 20, 2024, Wedbush Downgrade their recommendations, while on January 02, 2024, Jefferies Upgrade their ratings for the stock with a price target of $12. Stock get a Neutral rating from Goldman on November 30, 2023.
