11 Best NYSE Penny Stocks to Buy Right Now

5. Hudson Pacific Properties, Inc. (NYSE:HPP)

Price as of October 31: $4.31

Number of Hedge Fund Holders: 29

Hudson Pacific Properties, Inc. (NYSE:HPP) is a real estate investment trust focusing on tech and media tenants. The stock has been under pressure over the past year amid broader industry struggles due to evolving workplace dynamics. The company suspending its quarterly dividend payment has also not gone well.

Despite the company’s sentiments taking a significant hit, its long-term outlook remains positive amid expectations of gradually strengthening the West Coast office markets. In an attempt to raise the quality of its real estate portfolio, which is needed to generate solid shareholder value, the company keeps looking into strategic options, such as asset sales.

Hudson Pacific Properties, Inc. (NYSE:HPP) continues to attract tenants with prebuilt space backed by a solid AI-related tech pipeline. It is also improving its office retention rates as it looks to safeguard its revenue base. Consequently, the company signed over 500,000 Square feet of office leases in the second quarter and expects strong leasing execution heading into year-end.

The company’s Price to Book ratio of 0.23 suggests that the stock might be undervalued, especially for gaining exposure in the real estate sector, which is poised to benefit from low interest rates. Despite suspending its quarterly dividend, Hudson Pacific Properties, Inc. (NYSE:HPP) has paid dividends for 15 consecutive years, and the stock currently yields 4.20%.