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. Yahoo Finance discussed the stock recently as it posted Hudson Pacific Properties Announces Dates for Fourth Quarter Earnings Release and Conference Call.
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Stocks Info
The company is listed on the NYSE and operates within the REIT – Office industry segment. The current market capitalization of Hudson Pacific Properties Inc is $1.24B. A total of 1.77 million shares were traded on the day, compared to an average of 3.57M 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 1 BUY and 0 SELL insider trades, representing the acquisition of 12,523 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 2 SELLs from insiders. Insiders purchased 298,245 shares during that period but sold 3,995.
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.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. HPP’s most recent ex-dividend date was 6/16/2023 when it declared a $0.1250 quarterly dividend that was paid in cash on 6/30/2023. Previously, the company paid the dividend on 3/30/2023 with an ex-dividend date of 3/17/2023. 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 $9.52 with high estimates of $13.00 and low estimates of $5.00. In terms of 52-week highs and lows, HPP has a high of $12.23 and a low of $4.05.
As of this writing, HPP has an earnings estimate of -$0.41 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.37 per share and a lower estimate of -$0.44. The company reported an EPS of -$0.26 in the last quarter, which was 18.80% higher than expectations of -$0.32.
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 $429.86M in liabilities at the time. Its Book Value Per Share was $19.54, 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 3.75.
