As of close of business last night, Hudson Pacific Properties Inc’s stock clocked out at $6.05, down -9.57% from its previous closing price of $6.69. In other words, the price has decreased by -$0.64 from its previous closing price. On the day, 4457329 shares were traded. HPP stock price reached its highest trading level at $6.35 during the session, while it also had its lowest trading level at $5.90.
Ratios:
To gain a deeper understanding of HPP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.73. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 1.44.
On February 20, 2024, Wedbush Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $11 to $7.50.
Jefferies Upgraded its Hold to Buy on January 02, 2024, whereas the target price for the stock was revised from $6 to $12.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 22 ’24 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 ’24. The Director now owns 70,176 shares after completing the transaction at $6.69 per share. On Feb 16 ’24, 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 853.92M and an Enterprise Value of 5.58B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at 5.86 whereas that against EBITDA is 12.44.
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 6.79, while the 200-Day Moving Average is calculated to be 6.58.
Shares Statistics:
It appears that HPP traded 2.56M shares on average per day over the past three months and 2.17M shares per day over the past ten days. A total of 141.03M shares are outstanding, with a floating share count of 137.10M. Insiders hold about 2.84% of the company’s shares, while institutions hold 108.84% stake in the company. Shares short for HPP as of Mar 15, 2024 were 20.91M with a Short Ratio of 8.30, compared to 20.86M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.82% and a Short% of Float of 23.39%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.38, HPP has a forward annual dividend rate of 0.05. Against a Trailing Annual Dividend Yield of 5.61%, it implies a Forward Annual Dividend Yield of 6.65%. The stock’s 5-year Average Dividend Yield is 6.32.
Earnings Estimates
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.46 for the current quarter, with a high estimate of -$0.44 and a low estimate of -$0.48, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.4, with high estimates of -$0.38 and low estimates of -$0.43.
Analysts are recommending an EPS of between -$1.43 and -$1.48 for the fiscal current year, implying an average EPS of -$1.46. EPS for the following year is -$1.22, with 3 analysts recommending between -$1.11 and -$1.4.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $213.73M. It ranges from a high estimate of $216.3M to a low estimate of $208.76M. As of the current estimate, Hudson Pacific Properties Inc’s year-ago sales were $250.28M, an estimated decrease of -14.60% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $220.28M, a decrease of -6.10% over than the figure of -$14.60% in the same quarter last year. There is a high estimate of $225.1M for the next quarter, whereas the lowest estimate is $215.38M.
A total of 7 analysts have provided revenue estimates for HPP’s current fiscal year. The highest revenue estimate was $997.61M, while the lowest revenue estimate was $898.75M, resulting in an average revenue estimate of $934.71M. In the same quarter a year ago, actual revenue was $952.3M, down -1.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $997.85M in the next fiscal year. The high estimate is $1.1B and the low estimate is $909.98M. The average revenue growth estimate for next year is up 6.80% from the average revenue estimate for this year.
