Hudson Pacific Properties (NYSE:HPP) Upgraded at StockNews.com

Hudson Pacific Properties (NYSE:HPP – Get Rating) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of Hudson Pacific Properties in a research report on Tuesday, March 21st. They set a “sell” rating and a $5.50 target price on the stock. Morgan Stanley cut their price objective on shares of Hudson Pacific Properties from $10.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, March 31st. Citigroup decreased their target price on Hudson Pacific Properties from $10.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, March 22nd. Wells Fargo & Company cut their price target on Hudson Pacific Properties from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, March 16th. Finally, BMO Capital Markets decreased their price objective on Hudson Pacific Properties from $8.00 to $7.00 and set a “market perform” rating for the company in a report on Monday, April 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.63.

Hudson Pacific Properties Stock Down 7.5 %

Shares of Hudson Pacific Properties stock opened at $4.78 on Wednesday. The stock’s 50-day moving average is $6.45 and its 200 day moving average is $9.05. Hudson Pacific Properties has a one year low of $4.41 and a one year high of $21.59. The firm has a market cap of $673.45 million, a price-to-earnings ratio of -12.26 and a beta of 1.09. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.21 and a quick ratio of 2.21.

Hudson Pacific Properties (NYSE:HPP – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.59). The business had revenue of $269.93 million during the quarter, compared to analyst estimates of $267.83 million. Hudson Pacific Properties had a negative net margin of 4.89% and a negative return on equity of 1.47%. Equities research analysts anticipate that Hudson Pacific Properties will post 1.75 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Arthur X. Suazo acquired 10,000 shares of Hudson Pacific Properties stock in a transaction on Tuesday, March 28th. The stock was acquired at an average cost of $5.86 per share, with a total value of $58,600.00. Following the transaction, the executive vice president now owns 87,102 shares of the company’s stock, valued at approximately $510,417.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Hudson Pacific Properties news, CIO Drew Gordon purchased 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The stock was bought at an average cost of $5.96 per share, with a total value of $149,000.00. Following the completion of the transaction, the executive now owns 116,958 shares of the company’s stock, valued at approximately $697,069.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Arthur X. Suazo purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 28th. The shares were acquired at an average price of $5.86 per share, for a total transaction of $58,600.00. Following the completion of the acquisition, the executive vice president now directly owns 87,102 shares of the company’s stock, valued at approximately $510,417.72. The disclosure for this purchase can be found here. Insiders have bought 38,975 shares of company stock valued at $232,523 in the last three months. 2.95% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

Large investors have recently made changes to their positions in the business. CWM LLC lifted its stake in Hudson Pacific Properties by 87.3% in the first quarter. CWM LLC now owns 4,839 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,256 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Hudson Pacific Properties by 119.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,424 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,864 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Hudson Pacific Properties during the 2nd quarter worth $33,000. Point72 Hong Kong Ltd purchased a new stake in Hudson Pacific Properties in the 2nd quarter worth about $35,000. Finally, Ellevest Inc. raised its stake in Hudson Pacific Properties by 269.6% in the 4th quarter. Ellevest Inc. now owns 3,955 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 2,885 shares during the period. 95.57% of the stock is owned by hedge funds and other institutional investors.

Hudson Pacific Properties Company Profile

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Hudson Pacific Properties, Inc is a real estate company, which acquires, repositions, develops, and operates sustainable office and state of-the-art studio properties in high-barrier-to-entry submarkets in California, the Pacific Northwest, Western Canada, and Greater London, United Kingdom. It operates through the Office Properties and Studio Properties segments.