Hudson Pacific Properties (NYSE:HPP) Given a $2.00 Price Target by Piper Sandler Analysts

Hudson Pacific Properties (NYSE:HPP) has been given a $2.00 price target by investment analysts at Piper Sandler in a report released on Friday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price suggests a potential upside of 6.10% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their price target on Hudson Pacific Properties from $4.00 to $3.40 and set an “overweight” rating on the stock in a report on Monday, May 19th. Scotiabank reduced their price target on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 18th. BMO Capital Markets upgraded shares of Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $4.00 to $5.00 in a report on Friday, March 28th. Jefferies Financial Group initiated coverage on shares of Hudson Pacific Properties in a research note on Monday, March 17th. They issued a “hold” rating and a $2.70 price objective for the company. Finally, BTIG Research set a $8.00 target price on shares of Hudson Pacific Properties and gave the company a “buy” rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $3.52.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $1.89 on Friday. The business’s 50-day moving average price is $2.37 and its two-hundred day moving average price is $2.89. Hudson Pacific Properties has a twelve month low of $1.81 and a twelve month high of $6.29. The stock has a market cap of $266.52 million, a P/E ratio of -0.73 and a beta of 1.48. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. The firm had revenue of $198.46 million for the quarter, compared to analysts’ expectations of $199.95 million. As a group, equities analysts predict that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Union Bancaire Privee UBP SA bought a new stake in Hudson Pacific Properties in the 4th quarter worth $436,000. Brown University purchased a new position in Hudson Pacific Properties during the 4th quarter valued at about $1,832,000. Helix Partners Management LP purchased a new position in Hudson Pacific Properties during the 4th quarter valued at about $579,000. Sanctuary Advisors LLC bought a new position in Hudson Pacific Properties during the 4th quarter valued at approximately $45,000. Finally, Renaissance Technologies LLC lifted its holdings in Hudson Pacific Properties by 9.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,390,009 shares of the real estate investment trust’s stock worth $4,212,000 after buying an additional 117,600 shares during the period. 97.58% of the stock is owned by hedge funds and other institutional investors.

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.