Hudson Pacific Properties (NYSE:HPP) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties (NYSE:HPP) in a report released on Monday, Marketbeat reports. The firm issued a hold rating and a $2.70 price target on the real estate investment trust’s stock.

HPP has been the topic of several other research reports. Mizuho cut their price target on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group cut their price target on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Piper Sandler cut their price target on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Scotiabank cut their price target 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. Finally, Wells Fargo & Company upgraded Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price target on the stock in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Hudson Pacific Properties has an average rating of “Hold” and an average target price of $3.54.

Hudson Pacific Properties Trading Down 0.8 %

Shares of HPP opened at $2.95 on Monday. The stock’s 50-day moving average is $3.00 and its two-hundred day moving average is $3.69. The stock has a market cap of $416.28 million, a PE ratio of -1.15 and a beta of 1.31. Hudson Pacific Properties has a 12 month low of $2.39 and a 12 month high of $6.82. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

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

Institutional Trading of Hudson Pacific Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. DigitalBridge Group Inc. bought a new position in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $2,199,000. Alpine Global Management LLC bought a new position in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $185,000. Two Sigma Advisers LP grew its holdings in shares of Hudson Pacific Properties by 98.1% during the fourth quarter. Two Sigma Advisers LP now owns 631,800 shares of the real estate investment trust’s stock valued at $1,914,000 after purchasing an additional 312,900 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Hudson Pacific Properties by 103.2% during the fourth quarter. Two Sigma Investments LP now owns 1,192,633 shares of the real estate investment trust’s stock valued at $3,614,000 after purchasing an additional 605,759 shares during the last quarter. Finally, Saba Capital Management L.P. grew its holdings in shares of Hudson Pacific Properties by 105.2% during the fourth quarter. Saba Capital Management L.P. now owns 1,790,762 shares of the real estate investment trust’s stock valued at $5,426,000 after purchasing an additional 918,045 shares during the last quarter. 97.58% of the stock is owned by institutional investors.

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.