Hudson Pacific Properties Inc (NYSE: HPP) has experienced a rise in its stock price by 1.00 compared to its previous closing price of 5.02. However, the company has seen a fall of -7.31% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-04 that Hudson Pacific Properties has faced headwinds from rising office vacancy in the San Francisco Bay Area. The Series C Preferreds currently offer a 9.3% yield on cost and are trading at a reasonable discount to their liquidation value. HPP faces a $600 million debt maturity due next year and $952.8 million in 2026 as leases covering 18.9% of its rent are set to expire next year.
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.”
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The public float for HPP is 137.17M and currently, short sellers hold a 17.77% ratio of that float. The average trading volume of HPP on September 05, 2024 was 2.24M shares.
HPP’s Market Performance
The stock of Hudson Pacific Properties Inc (HPP) has seen a -7.31% decrease in the past week, with a -4.34% drop in the past month, and a 6.07% gain in the past quarter. The volatility ratio for the week is 4.97%, and the volatility levels for the past 30 days are at 5.72% for HPP. The simple moving average for the last 20 days is 0.09% for HPP’s stock, with a simple moving average of -19.53% 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 -2.31% 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 -48.55% of loss for the given period.
Volatility was left at 5.72%, however, over the last 30 days, the volatility rate increased by 4.97%, as shares sank -7.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.05% upper at present.
During the last 5 trading sessions, HPP fell by -7.31%, which changed the moving average for the period of 200-days by -11.67% in comparison to the 20-day moving average, which settled at $5.05. In addition, Hudson Pacific Properties Inc saw -45.54% 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 GLASER JONATHAN M, who sale 9,287 shares at the price of $5.20 back on Aug 30 ’24. After this action, GLASER JONATHAN M now owns 3,713 shares of Hudson Pacific Properties Inc, valued at $48,292 using the latest closing price.
Barton Christopher James, the EVP,Development & Capital Inv of Hudson Pacific Properties Inc, purchase 4,132 shares at $4.83 during a trade that took place back on May 31 ’24, which means that Barton Christopher James is holding 60,358 shares at $19,958 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 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 2.09. The interest coverage ratio of the stock is 0.65.
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 5.9. 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 seen bad 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.
