Shares of Hudson Pacific Properties, Inc. (NYSE:HPP – Get Free Report) gapped down before the market opened on Monday after Bank of America downgraded the stock from a neutral rating to an underperform rating. The stock had previously closed at $5.27, but opened at $5.04. Bank of America now has a $4.00 price target on the stock, down from their previous price target of $5.50. Hudson Pacific Properties shares last traded at $4.90, with a volume of 795,052 shares traded.
A number of other analysts have also recently issued reports on HPP. The Goldman Sachs Group lifted their target price on shares of Hudson Pacific Properties from $5.00 to $5.50 and gave the company a “sell” rating in a research note on Tuesday, September 19th. Mizuho upgraded shares of Hudson Pacific Properties from an “underperform” rating to a “neutral” rating and reduced their target price for the company from $10.00 to $7.00 in a research note on Wednesday, October 18th. StockNews.com assumed coverage on shares of Hudson Pacific Properties in a research report on Thursday, October 5th. They issued a “sell” rating on the stock. BTIG Research raised shares of Hudson Pacific Properties from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, September 26th. Finally, Wedbush started coverage on shares of Hudson Pacific Properties in a research report on Tuesday, October 3rd. They set an “outperform” rating and a $8.00 target price on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Hudson Pacific Properties currently has an average rating of “Hold” and an average price target of $7.68.
Institutional Investors Weigh In On Hudson Pacific Properties
Hudson Pacific Properties Price Performance
The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.51 and a current ratio of 1.51. The company’s 50 day moving average price is $5.92 and its 200 day moving average price is $5.51. The company has a market cap of $701.88 million, a price-to-earnings ratio of -6.55 and a beta of 1.12.
Hudson Pacific Properties (NYSE:HPP – Get Free Report) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.48). Hudson Pacific Properties had a negative net margin of 10.00% and a negative return on equity of 3.07%. The firm had revenue of $231.44 million during the quarter, compared to analyst estimates of $238.37 million. On average, equities research analysts predict that Hudson Pacific Properties, Inc. will post 0.99 earnings per share for the current fiscal year.
Hudson Pacific Properties Company Profile
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.
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