The stock price of Hudson Pacific Properties Inc (NYSE: HPP) has surged by 6.18 when compared to previous closing price of 5.66, but the company has seen a 8.68% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-30 that U.S. equity markets were little changed this week, while long-term benchmark interest rates surged as investors assessed the political and economic fallout from a disastrous debate performance by President Biden. Beneath the political drama, investors parsed corporate commentary and economic data that pointed towards a further slowdown in U.S. consumer spending, while inflation data showed a continued moderation in price pressures. Declining for just the second week in the past ten, the S&P 500 posted fractional declines on the week, but nevertheless held on to impressive first-half total returns of over 15%.
Is It Worth Investing in Hudson Pacific Properties Inc (NYSE: HPP) Right Now?
Additionally, the 36-month beta value for HPP is 1.34. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for HPP is 137.08M and currently, short sellers hold a 15.79% ratio of that float. The average trading volume of HPP on July 31, 2024 was 2.22M shares.
HPP’s Market Performance
The stock of Hudson Pacific Properties Inc (HPP) has seen a 8.68% increase in the past week, with a 24.95% rise in the past month, and a 1.35% gain in the past quarter. The volatility ratio for the week is 5.49%, and the volatility levels for the past 30 days are at 5.40% for HPP. The simple moving average for the last 20 days is 13.91% for HPP stock, with a simple moving average of -4.57% for the last 200 days.
Analysts’ Opinion of HPP
Many brokerage firms have already submitted their reports for HPP stocks, with Morgan Stanley repeating the rating for HPP by listing it as a “Underweight.” The predicted price for HPP in the upcoming period, according to Morgan Stanley is $4.25 based on the research report published on July 10, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see HPP reach a price target of $8.40. The rating they have provided for HPP stocks is “Outperform” according to the report published on March 18th, 2024.
Wedbush gave a rating of “Neutral” to HPP, setting the target price at $7.50 in the report published on February 20th of the current year.
HPP Trading at 19.40% 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 -39.02% of loss for the given period.
Volatility was left at 5.40%, however, over the last 30 days, the volatility rate increased by 5.49%, as shares surge +27.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.94% upper at present.
During the last 5 trading sessions, HPP rose by +8.68%, which changed the moving average for the period of 200-days by -2.28% in comparison to the 20-day moving average, which settled at $5.34. In addition, Hudson Pacific Properties Inc saw -35.45% 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 Barton Christopher James, who purchase 4,132 shares at the price of $4.83 back on May 31 ’24. After this action, Barton Christopher James now owns 60,358 shares of Hudson Pacific Properties Inc, valued at $19,958 using the latest closing price.
Suazo Arthur X., the EVP, Leasing of Hudson Pacific Properties Inc, purchase 5,600 shares at $4.56 during a trade that took place back on May 30 ’24, which means that Suazo Arthur X. is holding 92,702 shares at $25,536 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 5.75. The receivables turnover for the company is 3.78for trailing twelve months and the total asset turnover is 0.11.
Conclusion
In conclusion, Hudson Pacific Properties Inc (HPP) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
