Hudson Pacific Properties Inc (NYSE: HPP)’s stock price has dropped by -3.87 in relation to previous closing price of 5.43. Nevertheless, the company has seen a loss of -10.00% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-05 that U.S. equity markets advanced for a second week while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed a long-awaited cooldown in hiring trends. Foreshadowed by “dovish” remarks from Fed Chair Powell at the FOMC’s policy meeting, payrolls data showed that job growth slowed to six-month lows while wage growth cooled to three-year lows. Following its best week since November, the S&P 500 advanced 0.6%, while bonds caught a bid this week across the yield and maturity curve.
Is It Worth Investing in Hudson Pacific Properties Inc (NYSE: HPP) Right Now?
HPP has 36-month beta value of 1.37. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for HPP is 136.24M, and currently, short sellers hold a 16.27% ratio of that float. The average trading volume of HPP on May 08, 2024 was 2.52M shares.
HPP’s Market Performance
HPP’s stock has seen a -10.00% decrease for the week, with a -19.07% drop in the past month and a -30.95% fall in the past quarter. The volatility ratio for the week is 6.99%, and the volatility levels for the past 30 days are at 4.84% for Hudson Pacific Properties Inc. The simple moving average for the past 20 days is -10.98% for HPP’s stock, with a -21.58% simple moving average for the past 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 -15.98% 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 -47.03% of loss for the given period.
Volatility was left at 4.84%, however, over the last 30 days, the volatility rate increased by 6.99%, as shares sank -21.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.44% lower at present.
During the last 5 trading sessions, HPP fell by -10.00%, which changed the moving average for the period of 200-days by -6.12% in comparison to the 20-day moving average, which settled at $5.79. In addition, Hudson Pacific Properties Inc saw -43.93% 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:
- 0.32 for the present operating margin
- 0.41 for the gross margin
The net margin for Hudson Pacific Properties Inc stands at -0.23. The total capital return value is set at 0.04. Equity return is now at value -6.29, with -2.34 for asset returns.
Based on Hudson Pacific Properties Inc (HPP), the company’s capital structure generated 0.58 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 1.4. The interest coverage ratio of the stock is 1.46.
Currently, EBITDA for the company is 431.33 million with net debt to EBITDA at 11.28. When we switch over and look at the enterprise to sales, we see a ratio of 5.63. The receivables turnover for the company is 3.78for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To put it simply, Hudson Pacific Properties Inc (HPP) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
