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

Shares of Hudson Pacific Properties, Inc. (NYSE:HPPGet Rating) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.82.

HPP has been the subject of a number of recent analyst reports. BTIG Research lowered shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 19th. Credit Suisse Group upgraded Hudson Pacific Properties from an “underperform” rating to a “neutral” rating and dropped their target price for the company from $16.00 to $12.00 in a research report on Thursday, October 20th. StockNews.com lowered Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Friday, November 4th. Morgan Stanley upgraded Hudson Pacific Properties from an “underweight” rating to an “equal weight” rating and set a $13.00 target price on the stock in a research report on Friday, September 9th. They noted that the move was a valuation call. Finally, Citigroup downgraded Hudson Pacific Properties from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.50 to $13.00 in a research note on Monday, September 19th.

Insider Transactions at Hudson Pacific Properties

In related news, President Mark T. Lammas acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were bought at an average cost of $11.11 per share, with a total value of $55,550.00. Following the completion of the acquisition, the president now owns 189,865 shares of the company’s stock, valued at $2,109,400.15. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, President Mark T. Lammas purchased 5,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was bought at an average price of $11.11 per share, with a total value of $55,550.00. Following the acquisition, the president now directly owns 189,865 shares of the company’s stock, valued at $2,109,400.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur X. Suazo acquired 4,347 shares of Hudson Pacific Properties stock in a transaction dated Friday, September 30th. The shares were acquired at an average price of $11.11 per share, with a total value of $48,295.17. Following the completion of the purchase, the executive vice president now owns 77,102 shares in the company, valued at $856,603.22. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 38,930 shares of company stock worth $461,550. Company insiders own 3.02% of the company’s stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors increased its holdings in Hudson Pacific Properties by 414.0% during the 3rd quarter. Captrust Financial Advisors now owns 11,379 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 9,165 shares during the period. Anson Funds Management LP purchased a new position in shares of Hudson Pacific Properties in the third quarter worth approximately $197,000. BNP Paribas Arbitrage SNC lifted its holdings in Hudson Pacific Properties by 112.7% during the third quarter. BNP Paribas Arbitrage SNC now owns 182,517 shares of the real estate investment trust’s stock valued at $1,999,000 after purchasing an additional 96,724 shares in the last quarter. State Street Corp lifted its holdings in shares of Hudson Pacific Properties by 2.2% in the third quarter. State Street Corp now owns 8,018,777 shares of the real estate investment trust’s stock worth $87,806,000 after buying an additional 176,305 shares in the last quarter. Finally, Coastal Bridge Advisors LLC lifted its holdings in shares of Hudson Pacific Properties by 49.9% in the third quarter. Coastal Bridge Advisors LLC now owns 39,028 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 13,000 shares in the last quarter. 97.54% of the stock is owned by institutional investors.

Hudson Pacific Properties Trading Down 0.8 %

Hudson Pacific Properties stock opened at $10.74 on Friday. The firm’s 50 day moving average price is $11.30 and its 200-day moving average price is $14.71. Hudson Pacific Properties has a 1 year low of $9.83 and a 1 year high of $28.66. The stock has a market cap of $1.51 billion, a P/E ratio of -42.96, a PEG ratio of 3.20 and a beta of 0.98. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.40 and a quick ratio of 1.40.

Hudson Pacific Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Monday, September 19th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 16th. This represents a $1.00 annualized dividend and a dividend yield of 9.31%. Hudson Pacific Properties’s dividend payout ratio is -400.00%.

About Hudson Pacific Properties

(Get Rating)

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling nearly 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.

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Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

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