The closing price of Hudson Pacific Properties Inc (NYSE: HPP) was $6.68 for the day, down -2.48% from the previous closing price of $6.85. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 1255024 shares were traded.
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 7.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.12. 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 ’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 966.60M and an Enterprise Value of 5.69B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 0.36. Its current Enterprise Value per Revenue stands at 5.98 whereas that against EBITDA is 12.69.
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 7.89, while the 200-Day Moving Average is calculated to be 6.41.
Shares Statistics:
HPP traded an average of 3.10M shares per day over the past three months and 2.75M 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 108.97% stake in the company. Shares short for HPP as of Feb 15, 2024 were 20.86M with a Short Ratio of 6.73, compared to 23.76M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.78% and a Short% of Float of 23.34%.
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 5.47%, it implies a Forward Annual Dividend Yield of 6.36%. The stock’s 5-year Average Dividend Yield is 6.32.
Earnings Estimates
The firm’s stock currently is rated by 1 analysts. On average, analysts expect EPS of -$0.48 for the current quarter, with a high estimate of -$0.48 and a low estimate of -$0.48, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.43, with high estimates of -$0.43 and low estimates of -$0.43.
Analysts are recommending an EPS of between -$1.48 and -$1.48 for the fiscal current year, implying an average EPS of -$1.48. EPS for the following year is -$1.14, with 1 analysts recommending between -$1.14 and -$1.14.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $216.05M to a low estimate of $214.75M. As of the current estimate, Hudson Pacific Properties Inc’s year-ago sales were $250.28M, an estimated decrease of -14.00% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $224.34M, a decrease of -4.30% over than the figure of -$14.00% in the same quarter last year. There is a high estimate of $232.4M for the next quarter, whereas the lowest estimate is $218.4M.
A total of 4 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 $932.55M. In the same quarter a year ago, actual revenue was $952.3M, down -2.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $1B 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 7.70% from the average revenue estimate for this year.
