Market Watch: Hudson Pacific Properties Inc (HPP)’s Noteworthy Gain, Closing at 6.01

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As of close of business last night, Hudson Pacific Properties Inc’s stock clocked out at $6.01, up 6.18% from its previous closing price of $5.66. In other words, the price has increased by $6.18 from its previous closing price. On the day, 2.42 million shares were traded. HPP stock price reached its highest trading level at $6.02 during the session, while it also had its lowest trading level at $5.61.

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 6.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.70. In the meantime, Its Debt-to-Equity ratio is 1.42 whereas as Long-Term Debt/Eq ratio is at 1.42.

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, Morgan Stanley on July 10, 2024, Downgraded its rating to Underweight and sets its target price to $4.25 from $6 previously.

On March 18, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $8.40.

Wedbush Downgraded its Outperform to Neutral on February 20, 2024, whereas the target price for the stock was revised from $11 to $7.50.

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 May 31 ’24 when Barton Christopher James bought 4,132 shares for $4.83 per share. The transaction valued at 19,958 led to the insider holds 60,358 shares of the business.

Suazo Arthur X. bought 5,600 shares of HPP for $25,536 on May 30 ’24. The EVP, Leasing now owns 92,702 shares after completing the transaction at $4.56 per share. On May 30 ’24, another insider, Jaffe Steven M., who serves as the EVP, Business Affairs of the company, bought 5,295 shares for $4.71 each. As a result, the insider paid 24,939 and bolstered with 36,561 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 1631360384 and an Enterprise Value of 5897933312. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 0.31. Its current Enterprise Value per Revenue stands at 6.48 whereas that against EBITDA is 17.019.

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 $4.26. The 50-Day Moving Average of the stock is 19.40%, while the 200-Day Moving Average is calculated to be -4.57%.

Shares Statistics:

It appears that HPP traded 2.22M shares on average per day over the past three months and 2212520 shares per day over the past ten days. A total of 141.03M shares are outstanding, with a floating share count of 137.08M. Insiders hold about 2.88% of the company’s shares, while institutions hold 106.41% stake in the company. Shares short for HPP as of 1721001600 were 21638770 with a Short Ratio of 9.76, compared to 1718323200 on 20764857. Therefore, it implies a Short% of Shares Outstanding of 21638770 and a Short% of Float of 25.069999999999997.

Dividends & Splits

With its trailing 12-month dividend rate of 0.175, HPP has a forward annual dividend rate of 0.10. Against a Trailing Annual Dividend Yield of 0.030918729The stock’s 5-year Average Dividend Yield is 6.5.

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