Robert W. Baird slashes price target on Hudson Pacific Properties Inc. [HPP] – find out why.

Hudson Pacific Properties Inc. [NYSE: HPP] closed the trading session at $10.15 on 01/11/23. The day’s price range saw the stock hit a low of $9.70, while the highest price level was $10.15. The company report on January 9, 2023 that Hudson Pacific Properties Announces Dates for Fourth Quarter Earnings Release and Conference Call.


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Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries, today announced it will release fourth quarter financial results after the market closes on Wednesday, February 8, 2023. The company will hold a conference call to discuss the results at 11:00 a.m. PT / 2:00 p.m. ET on Thursday, February 9, 2023.

To participate by telephone, please dial (844) 200-6205 and enter passcode 849611. International callers should dial (929) 526-1599 and enter the same passcode. A live, listen-only webcast and replay can be accessed via the Investors section of the company’s website at HudsonPacificProperties.com.

The stocks have a year to date performance of 4.32 percent and weekly performance of 4.64 percent. The stock has been moved at -29.22 percent over the last six months. The stock has performed -1.46 percent around the most recent 30 days and changed -0.29 percent over the most recent 3-months.

If compared to the average trading volume of 2.24M shares, HPP reached to a volume of 3253148 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 $10.92 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 3.00. 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.

Robert W. Baird have made an estimate for Hudson Pacific Properties Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 06, 2023. The new note on the price target was released on October 20, 2022, representing the official price target for Hudson Pacific Properties Inc. stock.

The Average True Range (ATR) for Hudson Pacific Properties Inc. is set at 0.44, with the Price to Sales ratio for HPP stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 1.20. Price to Free Cash Flow for HPP in the course of the last twelve months was 7.09.

HPP stock trade performance evaluation

Hudson Pacific Properties Inc. [HPP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.64. With this latest performance, HPP shares dropped by -1.46% in over the last four-week period, additionally sinking by -29.22% over the last 6 months – not to mention a drop of -61.91% 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 52.74, with the RSI for the last a single of trading hit 58.27, and the three-weeks RSI is set at 49.71 for Hudson Pacific Properties Inc. [HPP]. The present Moving Average for the last 50 days of trading for this stock 10.46, while it was recorded at 9.60 for the last single week of trading, and 15.23 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 +18.18 and a Gross Margin at +24.30. Hudson Pacific Properties Inc.’s Net Margin is presently recorded at +1.00.

Return on Equity for this stock inclined to 0.25, with Return on Assets sitting at 0.10.

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

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 36.48%.

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

There are presently around $1,363 million, in the hands of institutional investors. The top three institutional holders of HPP stocks are: BLACKROCK INC. with ownership of 22,812,665, which is approximately 31.893% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 21,598,112 shares of the stock with an approximate value of $219.22 million in HPP stocks shares; and STATE STREET CORP, currently with $81.39 million in HPP stock with ownership of nearly 2.248% of the company’s market capitalization.

Positions in Hudson Pacific Properties Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 127 institutional holders increased their position in Hudson Pacific Properties Inc. [NYSE:HPP] by around 17,340,788 shares. Additionally, 168 investors decreased positions by around 23,209,986 shares, while 23 investors held positions by with 93,707,362 shares. The mentioned changes placed institutional holdings at 134,258,136 shares, according to the latest SEC report filing. HPP stock had 40 new institutional investments in for a total of 2,394,140 shares, while 64 institutional investors sold positions of 6,294,191 shares during the same period.

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