Hudson Pacific Properties Inc. [HPP] Stock trading around $22.90 per share: What’s Next?

Hudson Pacific Properties Inc. [NYSE: HPP] surged by $0.11 during the normal trading session on Thursday and reaching a high of $23.12 during the day while it closed the day at $22.90. The company report on August 3, 2020 that Hudson Pacific Properties and Blackstone Announce Completion of Joint Venture to Expand Studio Platform.

Hudson Pacific Properties, Inc. (“Hudson Pacific”) (NYSE: HPP) and Blackstone (NYSE: BX) today announced that funds affiliated with Blackstone Property Partners have completed their previously announced acquisition of a 49% interest in Hudson Pacific’s Hollywood Media Portfolio. The portfolio comprises three Hollywood studios and five on-lot or adjacent Class A office properties, totaling 2.2 million square feet, at a gross portfolio valuation of $1.65 billion. Hudson Pacific retained a 51% ownership stake and remains responsible for day-to-day operations, leasing and development.

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Hudson Pacific Properties Inc. stock has also loss -2.84% of its value over the past 7 days. However, HPP stock has inclined by 6.22% in the 3 months of the year. Over the past six months meanwhile, it has lost -39.05% and lost -39.18% year-on date.

The market cap for HPP stock reached $3.51 billion, with 153.31 million shares outstanding and 150.29 million shares in the current float. Compared to the average trading volume of 2.13M shares, HPP reached a trading volume of 1141955 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Hudson Pacific Properties Inc. [HPP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HPP shares is $29.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HPP stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Hudson Pacific Properties Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on June 25, 2020. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on April 16, 2020, representing the official price target for Hudson Pacific Properties Inc. stock. Previously, the target price had yet another raise to $42, while Mizuho analysts kept a Buy rating on HPP stock.

The Average True Range (ATR) for Hudson Pacific Properties Inc. is set at 0.71, with the Price to Sales ratio for HPP stock in the period of the last 12 months amounting to 4.23. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 0.29.

HPP stock trade performance evaluation

Hudson Pacific Properties Inc. [HPP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.84. With this latest performance, HPP shares dropped by -4.42% in over the last four-week period, additionally sinking by -39.05% over the last 6 months – not to mention a drop of -31.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HPP stock in for the last two-week period is set at 39.75, with the RSI for the last a single of trading hit 36.73, and the three-weeks RSI is set at 43.21 for Hudson Pacific Properties Inc. [HPP]. The present Moving Average for the last 50 days of trading for this stock 24.29, while it was recorded at 23.21 for the last single week of trading, and 29.06 for the last 200 days.

Hudson Pacific Properties Inc. [HPP]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Hudson Pacific Properties Inc. [HPP] shares currently have an operating margin of +6.72 and a Gross Margin at +29.03. Hudson Pacific Properties Inc.’s Net Margin is presently recorded at +5.26.

Return on Total Capital for HPP is now 0.80, given the latest momentum, and Return on Invested Capital for the company is 0.67. Return on Equity for this stock inclined to 1.24, with Return on Assets sitting at 0.60. When it comes to the capital structure of this company, Hudson Pacific Properties Inc. [HPP] has a Total Debt to Total Equity ratio set at 96.07. Additionally, HPP Total Debt to Total Capital is recorded at 49.00, with Total Debt to Total Assets ending up at 44.09. Long-Term Debt to Equity for the company is recorded at 94.34, with the Long-Term Debt to Total Capital now at 47.98.

Reflecting on the efficiency of the workforce at the company, Hudson Pacific Properties Inc. [HPP] managed to generate an average of $124,890 per employee. Receivables Turnover for the company is 4.52 with a Total Asset Turnover recorded at a value of 0.11.

Earnings per share (EPS) analysis for Hudson Pacific Properties Inc. [HPP] stock

With the latest financial reports released by the company, Hudson Pacific Properties Inc. posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.11/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -63.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HPP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hudson Pacific Properties Inc. go to 9.00%.

Hudson Pacific Properties Inc. [HPP]: Insider Ownership positions

There are presently around $3,714 million, in the hands of institutional investors. The top three institutional holders of HPP stocks are: VANGUARD GROUP INC with ownership of 22,177,938, which is approximately -1.889% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 18,660,997 shares of the stock with an approximate value of $427.34 million in HPP stocks shares; and D1 CAPITAL PARTNERS L.P., currently with $271.44 million in HPP stock with ownership of nearly 802.491% of the company’s market capitalization.

Positions in Hudson Pacific Properties Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 175 institutional holders increased their position in Hudson Pacific Properties Inc. [NYSE:HPP] by around 34,614,354 shares. Additionally, 109 investors decreased positions by around 33,428,969 shares, while 21 investors held positions by with 94,143,050 shares. The mentioned changes placed institutional holdings at 162,186,373 shares, according to the latest SEC report filing. HPP stock had 83 new institutional investments in for a total of 7,487,879 shares, while 28 institutional investors sold positions of 5,498,740 shares during the same period.

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