The closing price of Hudson Pacific Properties Inc (NYSE: HPP) was $6.40 for the day, down -1.99% from the previous closing price of $6.53. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 1784022 shares were traded. HPP stock price reached its highest trading level at $6.62 during the session, while it also had its lowest trading level at $6.36.
Ratios:
Our analysis of HPP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.94. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 1.44.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wedbush on February 20, 2024, Downgraded its rating to Neutral and sets its target price to $7.50 from $11 previously.
On January 02, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $6 to $12.
Goldman Upgraded its Sell to Neutral on November 30, 2023, whereas the target price for the stock was revised from $5.50 to $6.25.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 22 when SHOLEM BARRY A bought 40,000 shares for $6.69 per share. The transaction valued at 267,600 led to the insider holds 110,176 shares of the business.
SHOLEM BARRY A bought 40,000 shares of HPP for $267,600 on Feb 21. The Director now owns 70,176 shares after completing the transaction at $6.69 per share. On Feb 16, another insider, Gordon Drew, who serves as the Chief Investment Officer of the company, sold 10,000 shares for $7.11 each. As a result, the insider received 71,118 and left with 116,694 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HPP now has a Market Capitalization of 1.86B and an Enterprise Value of 5.63B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 0.34. Its current Enterprise Value per Revenue stands at 5.93 whereas that against EBITDA is 12.59.
Stock Price History:
Over the past 52 weeks, HPP has reached a high of $9.85, while it has fallen to a 52-week low of $3.98. The 50-Day Moving Average of the stock is 8.35, while the 200-Day Moving Average is calculated to be 6.30.
Shares Statistics:
HPP traded an average of 3.26M shares per day over the past three months and 3.68M shares per day over the past ten days. A total of 141.03M shares are outstanding, with a floating share count of 137.09M. Insiders hold about 2.85% of the company’s shares, while institutions hold 109.12% stake in the company. Shares short for HPP as of Jan 31, 2024 were 22.38M with a Short Ratio of 6.87, compared to 24.06M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 15.88% and a Short% of Float of 25.09%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.38, HPP has a forward annual dividend rate of 0.38. Against a Trailing Annual Dividend Yield of 5.74%, it implies a Forward Annual Dividend Yield of 7.14%. The stock’s 5-year Average Dividend Yield is 6.27.
