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Monday, June 5, 2023

Today, Hudson Pacific Properties Inc. (NYSE: HPP) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Hudson Pacific Properties Inc. (HPP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 1.78%, to $4.58. The Hudson Pacific Properties Inc. has recorded 41,187 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Hudson Pacific Issues 2022 Corporate Responsibility Report.

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Office industry segment. At the end of the last regular session, the stock closed at $4.50 and fluctuated between $4.5550 as its day high and $4.2900 as its day low. The current market capitalization of Hudson Pacific Properties Inc. is $665.87M. A total of 3.33 million shares were traded on the day, compared to an average of 3.90M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, HPP has seen 4 BUY and 2 SELL insider trades, representing the acquisition of 42,063 and the disposition of 3,995 shares. Over the last 12 months, there were 13 BUYs and 4 SELLs from insiders. Insiders purchased 107,293 shares during that period but sold 12,659.

In the most recent transaction, Suazo Arthur X. bought 10,000 shares of HPP for 5.86 per share on Mar 28. After the transaction, the EVP, Leasing now owns 87,102 company shares. In a previous transaction on Mar 27, Gordon Drew bought 25,000 shares at 5.96 per share. HPP shares that Chief Investment Officer owns now total 116,958.

Among the insiders who bought shares, Diramerian Harout Krikor acquired of 3,975 shares on Mar 20 at a per-share price of $6.27. This resulted in the Chief Financial Officer holding 50,921 shares of HPP after the transaction. In another insider transaction, COLEMAN VICTOR J bought 9,300 shares at $10.63 per share on Dec 06. Company shares held by the Chief Executive Officer now total 615,369.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. HPP’s most recent ex-dividend date was 3/17/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 3/30/2023. Previously, the company paid the dividend on 12/29/2022 with an ex-dividend date of 12/16/2022. The HPP stock dividend was $0.25 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for HPP in the last 3 months, the mean price target is $6.60 with high estimates of $10.00 and low estimates of $4.00. In terms of 52-week highs and lows, HPP has a high of $20.93 and a low of $4.08.

As of this writing, HPP has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.09 in the last quarter, which was -800.00% lower than expectations of -$0.01.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. HPP’s latest balance sheet shows that the firm has $225.88M in Cash & Short Term Investments as of fiscal 2021. There were $4.22B in debt and $304.86M in liabilities at the time. Its Book Value Per Share was $20.06, while its Total Shareholder’s Equity was $4.33B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HPP is Buy with a score of 2.69.

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