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

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) have been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $6.94.

Several research analysts have recently commented on the company. Wolfe Research lowered Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. BMO Capital Markets lowered Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $8.00 to $6.00 in a report on Thursday, August 8th. Morgan Stanley lowered Hudson Pacific Properties from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $6.00 to $4.25 in a report on Wednesday, July 10th. Bank of America decreased their target price on Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Finally, Wells Fargo & Company decreased their target price 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.

Insider Buying and Selling at Hudson Pacific Properties

In other news, Director Jonathan M. Glaser sold 9,287 shares of Hudson Pacific Properties stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $5.20, for a total transaction of $48,292.40. Following the sale, the director now owns 3,713 shares in the company, valued at approximately $19,307.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Andy Wattula sold 9,356 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $5.28, for a total transaction of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares of the company’s stock, valued at $322,439.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan M. Glaser sold 9,287 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the transaction, the director now directly owns 3,713 shares in the company, valued at approximately $19,307.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.95% of the stock is owned by insiders.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue grew its holdings in shares of Hudson Pacific Properties by 3.9% during the third quarter. State of Alaska Department of Revenue now owns 145,331 shares of the real estate investment trust’s stock worth $692,000 after buying an additional 5,398 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Hudson Pacific Properties by 6.9% in the 3rd quarter. Louisiana State Employees Retirement System now owns 68,200 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 4,400 shares in the last quarter. Everence Capital Management Inc. boosted its holdings in Hudson Pacific Properties by 17.4% in the 3rd quarter. Everence Capital Management Inc. now owns 27,430 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 4,070 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 purchasing an additional 5,013 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC purchased a new stake in Hudson Pacific Properties in the 3rd quarter valued at approximately $85,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Up 1.1 %

HPP opened at $4.65 on Friday. Hudson Pacific Properties has a 52 week low of $4.26 and a 52 week high of $9.85. The business has a fifty day simple moving average of $4.89 and a 200-day simple moving average of $5.14. The firm has a market cap of $656.32 million, a P/E ratio of -2.91 and a beta of 1.31. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.41.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.50). Hudson Pacific Properties had a negative return on equity of 7.41% and a negative net margin of 25.42%. The firm had revenue of $218.00 million for the quarter, compared to analysts’ expectations of $216.08 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The company’s quarterly revenue was down 11.1% on a year-over-year basis. On average, equities analysts expect that Hudson Pacific Properties will post 0.57 earnings per share for the current 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.