HPP Stock Summary and Trading Ideas (Hudson Pacific Properties | NYSE:HPP)

Hudson Pacific Properties Inc is a real estate investment trust that acquires, operates, and owns office buildings and media and entertainment properties, such as sound stages, on America's West Coast. The company focuses on developed, urban markets in Northern California, Southern California, and the Pacific Northwest. In terms of total square footage, the vast majority of Hudson Pacific's real estate portfolio is composed of office properties located in the Greater Seattle, San Francisco, and Los Angeles areas. The company operates in two reportable segments; office properties & related operations; and studio properties & related operations. The majority of revenue is derived from the office properties & related operations segment.

Hudson Pacific Properties trades on the NYSE stock market under the symbol HPP.

As of April 30, 2024, HPP stock price declined to $5.80 with 2,470,244 million shares trading.

HPP has a beta of 1.84, meaning it tends to be more sensitive to market movements. HPP has a correlation of 0.13 to the broad based SPY ETF.

HPP has a market cap of $818.44 million. This is considered a Small Cap stock.

Last quarter Hudson Pacific Properties reported $223 million in Revenue and $.14 earnings per share. This fell short of revenue expectation by $-507,000 and missed earnings estimates by -$.01.

In the last 3 years, HPP stock traded as high as $30.35 and as low as $4.05.

The top ETF exchange traded funds that HPP belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.

HPP has underperformed the market in the last year with a return of +7.5%, while the SPY ETF gained +22.3%. In the last 3 month period, HPP fell short of the market, returning -34.6%, while SPY returned +2.5%. However, in the most recent 2 weeks HPP has outperformed the stock market by returning 0.0%, while SPY returned -0.5%.

HPP support price is $5.72 and resistance is $6.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HPP stock will trade within this expected range on the day.