Hudson Pacific Properties, Inc. (NYSE:HPP) Given Average Rating of “Hold” by Brokerages

Shares of Hudson Pacific Properties, Inc. (NYSE:HPPGet Free Report) have earned a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $9.05.

A number of research firms have recently weighed in on HPP. Morgan Stanley reduced their target price on shares of Hudson Pacific Properties from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Thursday. The Goldman Sachs Group raised their price objective on shares of Hudson Pacific Properties from $7.10 to $10.60 and gave the stock a “neutral” rating in a report on Thursday, January 11th. BMO Capital Markets raised their price target on shares of Hudson Pacific Properties from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. Jefferies Financial Group raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $6.00 to $12.00 in a report on Tuesday, January 2nd. Finally, BTIG Research raised their price target on shares of Hudson Pacific Properties from $11.00 to $13.00 and gave the company a “buy” rating in a report on Friday, December 29th.

Check Out Our Latest Analysis on Hudson Pacific Properties

Insider Buying and Selling

In other Hudson Pacific Properties news, Director Barry A. Sholem bought 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average price of $6.69 per share, for a total transaction of $267,600.00. Following the transaction, the director now directly owns 70,176 shares in the company, valued at $469,477.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Hudson Pacific Properties news, CIO Drew Gordon sold 10,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $7.11, for a total value of $71,100.00. Following the sale, the executive now owns 116,694 shares of the company’s stock, valued at approximately $829,694.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Barry A. Sholem purchased 40,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was purchased at an average cost of $6.69 per share, for a total transaction of $267,600.00. Following the acquisition, the director now owns 70,176 shares in the company, valued at $469,477.44. The disclosure for this purchase can be found here. 2.95% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $101,242,000. FMR LLC lifted its position in Hudson Pacific Properties by 6,191.3% during the third quarter. FMR LLC now owns 5,393,766 shares of the real estate investment trust’s stock valued at $35,869,000 after purchasing an additional 5,308,032 shares during the period. Point72 Asset Management L.P. lifted its position in Hudson Pacific Properties by 10,679.9% during the second quarter. Point72 Asset Management L.P. now owns 4,433,330 shares of the real estate investment trust’s stock valued at $18,709,000 after purchasing an additional 4,392,204 shares during the period. Deutsche Bank AG lifted its position in Hudson Pacific Properties by 2,367.6% during the third quarter. Deutsche Bank AG now owns 4,280,984 shares of the real estate investment trust’s stock valued at $28,469,000 after purchasing an additional 4,107,498 shares during the period. Finally, Waterfront Capital Partners LLC bought a new position in Hudson Pacific Properties in the fourth quarter worth approximately $22,848,000. Institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Up 0.9 %

NYSE:HPP opened at $6.45 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $910.16 million, a price-to-earnings ratio of -4.71, a price-to-earnings-growth ratio of 0.54 and a beta of 1.31. Hudson Pacific Properties has a 52 week low of $4.05 and a 52 week high of $9.85. The firm has a 50-day moving average price of $7.11 and a two-hundred day moving average price of $6.92.

Hudson Pacific Properties (NYSE:HPPGet Free Report) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Hudson Pacific Properties had a negative net margin of 19.20% and a negative return on equity of 5.74%. The firm had revenue of $223.42 million during the quarter, compared to analyst estimates of $223.93 million. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue for the quarter was down 17.2% on a year-over-year basis. On average, equities analysts expect that Hudson Pacific Properties will post 1.05 earnings per share for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

The firm also recently announced a — dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were given a $0.05 dividend. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties’s payout ratio is presently -14.60%.

Hudson Pacific Properties Company Profile

(Get Free Report

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.

Featured Articles

Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

Receive News & Ratings for Hudson Pacific Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties and related companies with MarketBeat.com's FREE daily email newsletter.