Hudson Pacific Properties Inc. [HPP] Stock trading around $7.43 per share: What’s Next?

Hudson Pacific Properties Inc. [NYSE: HPP] stock went on a downward path that fall over -4.13% on Tuesday, amounting to a one-week price decrease of less than -15.76%. The company report on March 10, 2023 that Hudson Pacific Properties Declares First Quarter 2023 Dividends.


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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 its Board of Directors has declared dividends for the first quarter of 2023 on its common stock of $0.25 per share, equivalent to an annual rate of $1.00 per share, and on its 4.750% Series C cumulative preferred stock of $0.296875 per share, equivalent to an annual rate of $1.18750 per share. Both dividends will be paid on March 30, 2023 to stockholders of record on March 20, 2023.

Over the last 12 months, HPP stock dropped by -72.76%. The one-year Hudson Pacific Properties Inc. stock forecast points to a potential upside of 28.0. The average equity rating for HPP stock is currently 3.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.14 billion, with 140.90 million shares outstanding and 137.00 million shares in the current float. Compared to the average trading volume of 2.36M shares, HPP stock reached a trading volume of 9112672 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $10.32 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 3.20. 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 1.11. The Price to Book ratio for the last quarter was 0.36, with the Price to Cash per share for the same quarter was set at 1.67. Price to Free Cash Flow for HPP in the course of the last twelve months was 5.51.

HPP Stock Performance Analysis:

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 -15.76. With this latest performance, HPP shares dropped by -29.24% in over the last four-week period, additionally sinking by -48.86% over the last 6 months – not to mention a drop of -72.76% 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 17.30, with the RSI for the last a single of trading hit 10.06, and the three-weeks RSI is set at 24.05 for Hudson Pacific Properties Inc. [HPP]. The present Moving Average for the last 50 days of trading for this stock 9.93, while it was recorded at 8.15 for the last single week of trading, and 12.32 for the last 200 days.

Insight into Hudson Pacific Properties Inc. 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 +15.46 and a Gross Margin at +23.37. Hudson Pacific Properties Inc.’s Net Margin is presently recorded at -4.53.

Return on Equity for this stock declined to -1.31, with Return on Assets sitting at -0.51.

HPP Stock EPS

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 Position Details

There are presently around $1,080 million, in the hands of institutional investors. The top three institutional holders of HPP stocks are: BLACKROCK INC. with ownership of 24,917,546, which is approximately 9.227% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 22,591,218 shares of the stock with an approximate value of $167.85 million in HPP stocks shares; and NORGES BANK, currently with $77.31 million in HPP stock with ownership of nearly 13.631% of the company’s market capitalization.

Positions in Hudson Pacific Properties Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 156 institutional holders increased their position in Hudson Pacific Properties Inc. [NYSE:HPP] by around 15,461,413 shares. Additionally, 123 investors decreased positions by around 14,662,229 shares, while 25 investors held positions by with 115,264,129 shares. The mentioned changes placed institutional holdings at 145,387,771 shares, according to the latest SEC report filing. HPP stock had 51 new institutional investments in for a total of 1,813,152 shares, while 36 institutional investors sold positions of 3,284,200 shares during the same period.

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