The stock of Hudson Pacific Properties Inc (NYSE: HPP) has decreased by -2.41 when compared to last closing price of 5.60. Despite this, the company has experienced a 9.30% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-25 that The REIT sector soared in July with an +8.33% average total return and is now in the black year to date with +3.83% thus far in 2024. Small cap (+9.91%) and mid-cap REITs (+9.77%) averaged the highest total returns in July. Micro-caps (+5.85%) and large-caps (+5.53%) were also in the black in July, albeit. 86.84% of REIT securities had a positive total return in July.
Is It Worth Investing in Hudson Pacific Properties Inc (NYSE: HPP) Right Now?
The 36-month beta value for HPP is at 1.35. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for HPP is 137.17M, and currently, shorts hold a 17.77% of that float. The average trading volume for HPP on August 27, 2024 was 2.29M shares.
HPP’s Market Performance
HPP’s stock has seen a 9.30% increase for the week, with a -3.44% drop in the past month and a 21.72% 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 6.02% for Hudson Pacific Properties Inc The simple moving average for the last 20 days is 5.24% for HPP stock, with a simple moving average of -13.28% for the last 200 days.
Analysts’ Opinion of HPP
Piper Sandler, 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 $7. The rating they have provided for HPP stocks is “Neutral” according to the report published on August 08th, 2024.
BMO Capital Markets gave a rating of “Market Perform” to HPP, setting the target price at $6 in the report published on August 08th of the current year.
HPP Trading at 6.00% 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 -44.54% of loss for the given period.
Volatility was left at 6.02%, however, over the last 30 days, the volatility rate increased by 5.49%, as shares sank -8.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.01% upper at present.
During the last 5 trading sessions, HPP rose by +9.90%, which changed the moving average for the period of 200-days by +5.47% in comparison to the 20-day moving average, which settled at $5.17. In addition, Hudson Pacific Properties Inc saw -41.30% 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.
Jaffe Steven M., the EVP, Business Affairs of Hudson Pacific Properties Inc, purchase 5,295 shares at $4.71 during a trade that took place back on May 30 ’24, which means that Jaffe Steven M. is holding 36,561 shares at $24,939 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 5.96. The receivables turnover for the company is 3.76for trailing twelve months and the total asset turnover is 0.11.
Conclusion
In conclusion, Hudson Pacific Properties Inc (HPP) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
