Hudson Pacific Properties, Inc. (NYSE:HPP) Receives $4.54 Average PT from Analysts

Hudson Pacific Properties, Inc. (NYSE:HPP) has received a consensus rating of “Reduce” from the ten analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $4.44.

A number of research analysts recently commented on the company. Jefferies Financial Group reduced their price target on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Mizuho reduced their price target on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Piper Sandler cut their price objective on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Monday. Finally, Scotiabank cut their price objective on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 18th.

Insider Transactions at Hudson Pacific Properties

In related news, CEO Victor J. Coleman purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the transaction, the chief executive officer now owns 487,451 shares of the company’s stock, valued at $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.95% of the company’s stock.

Institutional Trading of Hudson Pacific Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. GeoWealth Management LLC acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter worth approximately $27,000. Blue Trust Inc. increased its position in Hudson Pacific Properties by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 5,013 shares during the period. Xponance Inc. acquired a new stake in Hudson Pacific Properties in the 4th quarter valued at approximately $30,000. Opinicus Capital Inc. acquired a new stake in Hudson Pacific Properties in the 4th quarter valued at approximately $32,000. Finally, Cibc World Markets Corp acquired a new stake in Hudson Pacific Properties in the 4th quarter valued at approximately $39,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

Hudson Pacific Properties Trading Up 1.5 %

Shares of HPP opened at $3.05 on Thursday. The company has a market capitalization of $430.05 million, a P/E ratio of -1.18 and a beta of 1.30. Hudson Pacific Properties has a one year low of $2.39 and a one year high of $7.20. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50-day moving average price of $2.97 and a 200 day moving average price of $3.93.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $209.67 million during the quarter, compared to the consensus estimate of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. Sell-side analysts forecast that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

About Hudson Pacific Properties

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.