(HPS) John Hancock Preferred - Overview
Fund: Preferred, Income, Closed-End
Dividends
| Dividend Yield | 9.03% |
| Yield on Cost 5y | 11.71% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 94.4% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 10.1% |
| Relative Tail Risk | -0.28% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.12 |
| Alpha | -4.12 |
| Character TTM | |
|---|---|
| Beta | 0.420 |
| Beta Downside | 0.511 |
| Drawdowns 3y | |
|---|---|
| Max DD | 17.85% |
| CAGR/Max DD | 0.43 |
Description: HPS John Hancock Preferred December 26, 2025
John Hancock Preferred Income III Closed Fund (NYSE:HPS) is a U.S.-based closed-end fund that invests primarily in preferred securities. It trades under the ticker HPS and follows a preferred-stock style, positioning itself to deliver regular income through a portfolio of senior-ranked, dividend-paying instruments.
As of the most recent filing (Q3 2025), HPS holds roughly $2.4 billion in assets, distributes an annualized yield near 7.5 %, and maintains an average credit quality of “A-” (Moody’s). Its performance is closely tied to macro-level drivers such as Federal Reserve policy on interest rates, the shape of the yield curve, and credit-spread dynamics in the financial sector, which historically supplies a large share of preferred-stock issuance. For investors seeking income, monitoring the Fed’s rate outlook and corporate balance-sheet health can provide early signals of distribution sustainability. If you want a deeper, data-driven look at HPS’s risk-return profile, a quick check on ValueRay’s analytics page could be a useful next step.
What is the price of HPS shares?
Over the past week, the price has changed by +0.75%, over one month by +1.80%, over three months by -3.21% and over the past year by +4.42%.
Is HPS a buy, sell or hold?
What are the forecasts/targets for the HPS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 16.6 | 13.1% |
HPS Fundamental Data Overview February 02, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 528.5m USD (528.5m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 528.5m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 528.5m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.46% (E(528.5m)/V(528.5m) * Re(7.46%) + (debt-free company))
Discount Rate = 7.46% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)