Hudson Pacific Properties Inc (NYSE:HPP) shares traded -16.93% lower at $2.60 on Wall Street last session.
HPP stock price is now -34.62% away from the 50-day moving average and -48.28% away from the 200-day moving average. The market capitalization of the company currently stands at $376.77M.
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With the price target reduced from $5.50 to $5, Jefferies Downgraded its rating from Buy to Hold for Hudson Pacific Properties Inc (NYSE: HPP). , while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, COLEMAN VICTOR J, Chief Executive Officer bought 50,000 shares of the company’s stock on Nov 25 ’24. The stock was bought for $176,500 at an average price of $3.53. Upon completion of the transaction, the Chief Executive Officer now directly owns 437,451 shares in the company, valued at $1.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 20 ’24, Officer Andrew Wattula bought 9,356 shares of the business’s stock. A total of $49,400 was incurred on buying the stock at an average price of $5.28. A total of 2.90% of the company’s stock is owned by insiders.
During the past 12 months, Hudson Pacific Properties Inc has had a low of $3.01 and a high of $9.85. The fifty day moving average price for HPP is $4.0138 and a two-hundred day moving average price translates $5.04685 for the stock.
The latest earnings results from Hudson Pacific Properties Inc (NYSE: HPP) was released for 2024-09-30. The net profit margin was -34.57% and return on equity was -8.81% for HPP. The company reported revenue of $200.39 million for the quarter, compared to $231.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.42 percent.
