HPP Stock Fair Value Calculator – Jefferies Upgrades Hudson Pacific Properties Stock, Shares Rise
January 3, 2024
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Jefferies recently upgraded Hudson Pacific Properties ($NYSE:HPP)’ stock, causing the shares to rise. Hudson Pacific Properties is renowned for its unique approach to real estate investment. They are highly selective in choosing their investments and focus only on those that have the potential to provide long-term, recession-resistant returns. The company also has an extensive development program and has invested billions of dollars in its projects over the years.
The recent upgrade from Jefferies is a sign that the company is well-positioned to take advantage of the current market conditions. With its focus on the West Coast markets and its ability to develop high-quality properties, Hudson Pacific Properties looks set to benefit from an increased demand for office space in the coming years.
Share Price
On Tuesday, Jefferies upgraded Hudson Pacific Properties stock from hold to buy, and the stock reacted positively. The stock opened at $9.4 and closed at $9.5, up by 2.0% from the previous closing price of 9.3. This upgrade from Jefferies has given investor confidence in the stock and is reflective of the strong performance of the company. The news of the upgrade has caused the stock to rise in value and gives investors further confidence in the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HPP. More…
| Total Revenues | Net Income | Net Margin |
| 998.8 | -106.17 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HPP. More…
| Operations | Investing | Financing |
| 331.04 | -378.09 | 97.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HPP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.99k | 5.26k | 19.54 |
Key Ratios Snapshot
Some of the financial key ratios for HPP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 8.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – HPP Stock Fair Value Calculator
GoodWhale has conducted an in-depth analysis of HUDSON PACIFIC PROPERTIES’s wellbeing and have come to the conclusion that the intrinsic value of HUDSON PACIFIC PROPERTIES share is around $5.1. This figure was calculated by using our proprietary Valuation Line. Currently, HUDSON PACIFIC PROPERTIES stock is traded at $9.5, which is overvalued by 87.1%. This presents an investment opportunity for those investors who are willing to purchase the stock at its current price and hold it for a long period of time in order to benefit from the appreciation of its value. More…
Peers
The company’s competitors include Douglas Emmett Inc, Corporate Office Properties Trust, and Inovalis Real Estate Investment Trust.
– Douglas Emmett Inc ($NYSE:DEI)
Douglas Emmett, Inc. is a real estate investment trust that acquires, develops, and operates office and residential properties in California and Hawaii. The company has a market cap of $2.93 billion as of 2022. Douglas Emmett is headquartered in Santa Monica, California and was founded in 1971.
– Corporate Office Properties Trust ($NYSE:OFC)
Corporate Office Properties Trust is a publicly traded real estate investment trust that invests in office properties in the United States. The company was founded in 1997 and is headquartered in Columbia, Maryland. As of December 31, 2020, the company owned and operated 156 office properties with approximately 22.1 million square feet of office space.
– Inovalis Real Estate Investment Trust ($TSX:INO.UN)
Inovalis Real Estate Investment Trust is a Canada-based real estate investment trust, which invests in office properties located in France and Germany. As of December 31, 2020, the company’s portfolio consisted of 17 office properties, totaling approximately 1.4 million square meters of leasable space.
Summary
Hudson Pacific Properties (HPP) stock rose recently after a positive investment analysis upgrade by Jefferies. The report noted that HPP is well-positioned to benefit from higher demand for office space within Los Angeles, Seattle, and San Francisco. It concluded that the company’s high-quality portfolio and strong balance sheet will allow it to generate better returns than most REIT peers.
Finally, the report expressed confidence in HPP’s ability to sustain its dividend yield, which is currently in the mid-5% range. Overall, Jefferies’ upbeat assessment of HPP stock resulted in an upgrade to its price target and gave investors more confidence in the stock.
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