Hudson Pacific Properties, Inc. (NYSE:HPP) Receives $6.94 Consensus Target Price from Analysts

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) have earned an average recommendation of “Reduce” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $6.17.

Several equities analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a report on Wednesday, September 11th. Jefferies Financial Group cut Hudson Pacific Properties from a “buy” rating to a “hold” rating and decreased their price objective for the company from $5.50 to $5.00 in a report on Tuesday, November 12th. BMO Capital Markets downgraded shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and cut their target price for the company from $8.00 to $6.00 in a research note on Thursday, August 8th. Wolfe Research downgraded shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Finally, Scotiabank cut their target price on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, August 26th.

Hudson Pacific Properties Trading Down 8.3 %

Shares of NYSE HPP opened at $3.38 on Tuesday. The business has a 50-day moving average of $4.57 and a 200-day moving average of $4.92. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. Hudson Pacific Properties has a fifty-two week low of $3.34 and a fifty-two week high of $9.85.

Insiders Place Their Bets

In other news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the completion of the sale, the chief operating officer now directly owns 61,068 shares in the company, valued at approximately $322,439.04. The trade was a 13.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan M. Glaser sold 9,287 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $5.20, for a total transaction of $48,292.40. Following the completion of the sale, the director now owns 3,713 shares of the company’s stock, valued at approximately $19,307.60. The trade was a 71.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.92% of the company’s stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of Hudson Pacific Properties by 549.1% in the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 5,013 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Hudson Pacific Properties in the third quarter valued at approximately $44,000. Stifel Financial Corp acquired a new stake in shares of Hudson Pacific Properties in the third quarter valued at approximately $48,000. Key Client Fiduciary Advisors LLC bought a new position in Hudson Pacific Properties in the second quarter valued at approximately $53,000. Finally, MQS Management LLC bought a new position in Hudson Pacific Properties in the third quarter valued at approximately $58,000. 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.