Hudson Pacific Properties Inc (NYSE: HPP) has seen a decline in its stock price by -5.98 in relation to its previous close of 4.68. However, the company has experienced a -16.98% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-08 that Management’s 3Q FFO guidance of $0.08-$0.12 disappointed REIT investors. Studio rentals continue to be weak even after various union contracts were settled. There is the risk that Hudson Pacific Properties could be in violation of debt covenants in the future.
Is It Worth Investing in Hudson Pacific Properties Inc (NYSE: HPP) Right Now?
Moreover, the 36-month beta value for HPP is 1.39. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 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 16.45% of that float. On August 13, 2024, HPP’s average trading volume was 2.17M shares.
HPP’s Market Performance
HPP stock saw a decrease of -16.98% in the past week, with a monthly decline of -18.82% and a quarterly a decrease of -18.97%. The volatility ratio for the week is 7.32%, and the volatility levels for the last 30 days are 5.77% for Hudson Pacific Properties Inc (HPP). The simple moving average for the last 20 days is -19.38% for HPP stock, with a simple moving average of -30.08% for the last 200 days.
Analysts’ Opinion of HPP
Many brokerage firms have already submitted their reports for HPP stocks, with Piper Sandler repeating the rating for HPP by listing it as a “Neutral.” The predicted price for HPP in the upcoming period, according to Piper Sandler is $6 based on the research report published on August 08, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see HPP reach a price target of $6, previously predicting the price at $8. The rating they have provided for HPP stocks is “Market Perform” according to the report published on August 08th, 2024.
Morgan Stanley gave a rating of “Underweight” to HPP, setting the target price at $4.25 in the report published on July 10th of the current year.
HPP Trading at -13.90% 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 -55.35% of loss for the given period.
Volatility was left at 5.77%, however, over the last 30 days, the volatility rate increased by 7.32%, as shares sank -19.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.78% lower at present.
During the last 5 trading sessions, HPP fell by -16.98%, which changed the moving average for the period of 200-days by -10.93% in comparison to the 20-day moving average, which settled at $5.40. In addition, Hudson Pacific Properties Inc saw -52.74% 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:
- 0.14 for the present operating margin
- 0.29 for the gross margin
The net margin for Hudson Pacific Properties Inc stands at -0.25. The total capital return value is set at 0.02. Equity return is now at value -6.72, with -2.45 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 0.04. The debt to equity ratio resting at 1.45. The interest coverage ratio of the stock is 1.2.
Currently, EBITDA for the company is 431.33 million with net debt to EBITDA at 12.64. When we switch over and look at the enterprise to sales, we see a ratio of 5.79. The receivables turnover for the company is 3.76for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To wrap up, the performance of Hudson Pacific Properties Inc (HPP) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
