Stocks of Hudson Pacific Properties Inc (NYSE:HPP) traded higher last session on Wall Street, up 2.85% to $4.69.
HPP stock price is now -7.91% away from the 50-day moving average and -25.43% away from the 200-day moving average. The market capitalization of the company currently stands at $662.37M.
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On August 08, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $7 to quote $6, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, Barton Christopher James, EVP,Development & Capital Inv bought 4,132 shares of the company’s stock on May 31 ’24. The stock was bought for $19,958 at an average price of $4.83. Upon completion of the transaction, the EVP,Development & Capital Inv now directly owns 60,358 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’24, EVP, Business Affairs Jaffe Steven M. bought 5,295 shares of the business’s stock. A total of $24,939 was incurred on buying the stock at an average price of $4.71. This leaves the insider owning 36,561 shares of the company worth $0.17 million. A total of 2.88% of the company’s stock is owned by insiders.
During the past 12 months, Hudson Pacific Properties Inc has had a low of $4.26 and a high of $9.85. The fifty day moving average price for HPP is $5.093 and a two-hundred day moving average price translates $6.28915 for the stock.
The latest earnings results from Hudson Pacific Properties Inc (NYSE: HPP) was released for 2024-06-30. The net profit margin was -26.00% and return on equity was -6.72% for HPP. The company reported revenue of $218.0 million for the quarter, compared to $245.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.08 percent.
