Hudson Pacific Properties, Inc. (NYSE:HPP) Given Average Recommendation of “Hold” by Brokerages

Shares of Hudson Pacific Properties, Inc. (NYSE:HPPGet Rating) have earned a consensus rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $28.28.

Several research firms have commented on HPP. Robert W. Baird cut Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and cut their price target for the company from $32.00 to $29.00 in a report on Wednesday, January 12th. The Goldman Sachs Group dropped their target price on Hudson Pacific Properties from $32.00 to $28.00 in a report on Thursday, January 27th. Morgan Stanley dropped their target price on Hudson Pacific Properties from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Tuesday, December 14th. Mizuho cut Hudson Pacific Properties from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $29.00 to $24.50 in a report on Thursday, January 20th. Finally, Zacks Investment Research cut Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Tuesday, April 5th.

A number of institutional investors and hedge funds have recently made changes to their positions in HPP. Parametric Portfolio Associates LLC boosted its position in Hudson Pacific Properties by 23.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 130,057 shares of the real estate investment trust’s stock valued at $3,618,000 after buying an additional 24,456 shares during the last quarter. Park Avenue Securities LLC boosted its position in Hudson Pacific Properties by 3.7% in the 3rd quarter. Park Avenue Securities LLC now owns 12,585 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 447 shares during the last quarter. Strs Ohio boosted its position in shares of Hudson Pacific Properties by 2.0% in the 3rd quarter. Strs Ohio now owns 506,157 shares of the real estate investment trust’s stock worth $13,296,000 after purchasing an additional 9,912 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Hudson Pacific Properties by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 355,653 shares of the real estate investment trust’s stock worth $9,343,000 after purchasing an additional 1,770 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Hudson Pacific Properties by 11.8% in the 3rd quarter. New York State Teachers Retirement System now owns 77,787 shares of the real estate investment trust’s stock worth $2,043,000 after purchasing an additional 8,218 shares during the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.

Hudson Pacific Properties stock traded up $0.05 during trading hours on Thursday, hitting $25.48. The stock had a trading volume of 1,509,723 shares, compared to its average volume of 1,168,702. The company has a 50-day moving average of $26.07 and a two-hundred day moving average of $25.88. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.04. The company has a market cap of $3.68 billion, a PE ratio of 635.91, a price-to-earnings-growth ratio of 2.86 and a beta of 0.81. Hudson Pacific Properties has a fifty-two week low of $21.97 and a fifty-two week high of $30.35.

Hudson Pacific Properties (NYSE:HPPGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.44). The firm had revenue of $240.48 million during the quarter, compared to analyst estimates of $224.81 million. Hudson Pacific Properties had a net margin of 1.68% and a return on equity of 0.41%. The company’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. As a group, analysts forecast that Hudson Pacific Properties will post 2.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 21st were given a $0.25 dividend. The ex-dividend date was Friday, March 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.92%. Hudson Pacific Properties’s payout ratio is 2,500.63%.

Hudson Pacific Properties Company Profile (Get Rating)

Hudson Pacific Properties, Inc is a real estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Studio Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.

Further Reading

Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

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