Hudson Pacific Properties (NYSE:HPP) Given New $3.00 Price Target at Jefferies Financial Group

Hudson Pacific Properties (NYSE:HPP) had its price objective reduced by Jefferies Financial Group from $3.70 to $3.00 in a report released on Thursday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the real estate investment trust’s stock.

HPP has been the subject of several other reports. Piper Sandler lowered their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Wells Fargo & Company cut their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.29.

Hudson Pacific Properties Trading Up 1.4 %

HPP stock opened at $2.90 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties has a twelve month low of $2.39 and a twelve month high of $9.84. The stock has a market capitalization of $409.57 million, a price-to-earnings ratio of -1.39 and a beta of 1.27. The firm’s fifty day simple moving average is $3.57 and its two-hundred day simple moving average is $4.50.

Insiders Place Their Bets

In related news, CEO Victor J. Coleman bought 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $3.53 per share, for a total transaction of $176,500.00. Following the completion of the transaction, the chief executive officer now directly owns 437,451 shares in the company, valued at $1,544,202.03. This trade represents a 12.90 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in Hudson Pacific Properties by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 5,013 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Hudson Pacific Properties during the 3rd quarter valued at about $44,000. Stifel Financial Corp acquired a new stake in Hudson Pacific Properties in the 3rd quarter valued at about $48,000. MQS Management LLC acquired a new stake in Hudson Pacific Properties in the 3rd quarter valued at about $58,000. Finally, Metis Global Partners LLC purchased a new position in Hudson Pacific Properties in the 3rd quarter worth approximately $66,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Company Profile

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.