Market Analysts see Hudson Pacific Properties Inc [HPP] falling to $7. Time to buy?

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Hudson Pacific Properties Inc [NYSE: HPP] gained 1.76% or 0.09 points to close at $5.21 with a heavy trading volume of 3491206 shares. The company report on November 1, 2023 at 5:00 PM that Hudson Pacific Properties Reports Third Quarter 2023 Financial Results.

Hudson Pacific Properties, Inc. (NYSE: HPP) (the “Company,” “Hudson Pacific,” or “HPP”), a unique provider of end-to-end real estate solutions for dynamic tech and media tenants, today announced financial results for the third quarter 2023.

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“Our leasing activity accelerated once again in the third quarter and while the timeline for tenant decision making remains extended, we’ve seen a continued uptick in tours and inquiries at our assets into the fourth quarter as return-to-office mandates expand,” stated Victor Coleman, Chairman and CEO. “While the actors strike continues, we were pleased to see the writers strike resolved, and are ready to help our studio tenants efficiently ramp their production efforts utilizing our growing full-service platform. We also remain vigilant in controlling expenses and continue to focus on deleveraging and further fortifying our balance sheet while proactively managing our debt maturities. We believe our emphasis on ‘leasing and more leasing’ will allow our evolving portfolio to drive improved performance as we move into next year and beyond.”.

It opened the trading session at $5.14, the shares rose to $5.29 and dropped to $5.00, the range by which the price of stock traded the whole day. The daily chart for HPP points out that the company has recorded 10.85% gains over the past six months. However, it is still -28.64% lower than its most recent low trading price.

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If we look at the average trading volume of 3.68M shares, HPP reached to a volume of 3491206 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $6.96 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 2.54. 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.

Mizuho have made an estimate for Hudson Pacific Properties Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 18, 2023.

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The Average True Range (ATR) for Hudson Pacific Properties Inc is set at 0.35, with the Price to Sales ratio for HPP stock in the period of the last 12 months amounting to 0.74. The Price to Book ratio for the last quarter was 0.27, with the Price to Cash per share for the same quarter was set at 0.67. Price to Free Cash Flow for HPP in the course of the last twelve months was 2.87.

Trading performance analysis for HPP stock

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 16.04. With this latest performance, HPP shares dropped by -12.58% in over the last four-week period, additionally plugging by 10.85% over the last 6 months – not to mention a drop of -52.29% 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 47.32, with the RSI for the last a single of trading hit 52.55, and the three-weeks RSI is set at 45.37 for Hudson Pacific Properties Inc [HPP]. The present Moving Average for the last 50 days of trading for this stock 6.03, while it was recorded at 5.19 for the last single week of trading, and 6.36 for the last 200 days.

Hudson Pacific Properties Inc [HPP]: A deeper dive into fundamental analysis

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 -3.46.

Return on Total Capital for HPP is now 1.79, given the latest momentum, and Return on Invested Capital for the company is -0.44. Return on Equity for this stock declined to -1.00, with Return on Assets sitting at -0.39. 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 154.45. Additionally, HPP Total Debt to Total Capital is recorded at 60.70, with Total Debt to Total Assets ending up at 54.94. Long-Term Debt to Equity for the company is recorded at 166.66, with the Long-Term Debt to Total Capital now at 56.91.

Reflecting on the efficiency of the workforce at the company, Hudson Pacific Properties Inc [HPP] managed to generate an average of -$40,063 per employee. Receivables Turnover for the company is 3.64 with a Total Asset Turnover recorded at a value of 0.11.

Hudson Pacific Properties Inc [HPP]: An earnings per share (EPS) analysis

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%.

An analysis of Institutional ownership at Hudson Pacific Properties Inc [HPP]

The top three institutional holders of HPP stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in HPP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in HPP stock with ownership which is approximately 5.7994%.

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