Hudson Pacific Properties Inc (NYSE: HPP) has seen a decline in its stock price by -1.38 in relation to its previous close of 5.80. However, the company has experienced a -14.50% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-24 that Hudson Pacific Properties has reinstated its suspended quarterly cash dividend. The REIT conducted $1 billion in asset sales in 2023 as higher office vacancies continue to pressure FFO. The leases for a third of HPP’s office rent base come up for renewal over the next two years, with rents set to drop dramatically.
Is It Worth Investing in Hudson Pacific Properties Inc (NYSE: HPP) Right Now?
The stock has a 36-month beta value of 1.34. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for HPP is 136.21M, and at present, short sellers hold a 15.62% of that float. On April 17, 2024, the average trading volume of HPP was 2.53M shares.
HPP’s Market Performance
The stock of Hudson Pacific Properties Inc (HPP) has seen a -14.50% decrease in the past week, with a -10.34% drop in the past month, and a -33.57% fall in the past quarter. The volatility ratio for the week is 5.70%, and the volatility levels for the past 30 days are at 4.74% for HPP. The simple moving average for the last 20 days is -9.53% for HPP stock, with a simple moving average of -13.34% for the last 200 days.
Analysts’ Opinion of HPP
Many brokerage firms have already submitted their reports for HPP stocks, with Wolfe Research repeating the rating for HPP by listing it as a “Outperform.” The predicted price for HPP in the upcoming period, according to Wolfe Research is $8.40 based on the research report published on March 18, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see HPP reach a price target of $7.50, previously predicting the price at $11. The rating they have provided for HPP stocks is “Neutral” according to the report published on February 20th, 2024.
Jefferies gave a rating of “Buy” to HPP, setting the target price at $12 in the report published on January 02nd of the current year.
HPP Trading at -14.07% from the 50-Day Moving Average
After a stumble in the market that brought HPP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.96% of loss for the given period.
Volatility was left at 4.74%, however, over the last 30 days, the volatility rate increased by 5.70%, as shares sank -11.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.41% lower at present.
During the last 5 trading sessions, HPP fell by -14.50%, which changed the moving average for the period of 200-days by +30.00% in comparison to the 20-day moving average, which settled at $6.29. In addition, Hudson Pacific Properties Inc saw -38.56% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HPP starting from SHOLEM BARRY A, who purchase 40,000 shares at the price of $6.69 back on Feb 22 ’24. After this action, SHOLEM BARRY A now owns 110,176 shares of Hudson Pacific Properties Inc, valued at $267,600 using the latest closing price.
SHOLEM BARRY A, the Director of Hudson Pacific Properties Inc, purchase 40,000 shares at $6.69 during a trade that took place back on Feb 21 ’24, which means that SHOLEM BARRY A is holding 70,176 shares at $267,600 based on the most recent closing price.
Stock Fundamentals for HPP
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.53 for the gross margin
The net margin for Hudson Pacific Properties Inc stands at -0.18. The total capital return value is set at 0.04. Equity return is now at value -5.35, with -1.95 for asset returns.
Based on Hudson Pacific Properties Inc (HPP), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 1.43. The interest coverage ratio of the stock is 1.57.
Currently, EBITDA for the company is 431.33 million with net debt to EBITDA at 9.85. When we switch over and look at the enterprise to sales, we see a ratio of 5.36. The receivables turnover for the company is 3.88for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To sum up, Hudson Pacific Properties Inc (HPP) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
