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

Hudson Pacific Properties, Inc. (NYSE:HPP) has earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $15.6154.

HPP has been the topic of several research reports. BTIG Research set a $26.00 target price on Hudson Pacific Properties and gave the company a “buy” rating in a report on Friday, January 2nd. Mizuho dropped their target price on shares of Hudson Pacific Properties from $21.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Morgan Stanley reaffirmed an “underweight” rating and issued a $8.00 price target on shares of Hudson Pacific Properties in a report on Thursday, January 29th. The Goldman Sachs Group set a $14.50 price objective on shares of Hudson Pacific Properties and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $13.00 target price on shares of Hudson Pacific Properties in a research note on Monday, January 5th.

Institutional Trading of Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPP. Balyasny Asset Management L.P. boosted its stake in shares of Hudson Pacific Properties by 122.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 15,712,981 shares of the real estate investment trust’s stock worth $43,054,000 after purchasing an additional 8,646,463 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Hudson Pacific Properties by 357.1% during the second quarter. Prudential Financial Inc. now owns 10,686,082 shares of the real estate investment trust’s stock valued at $29,280,000 after buying an additional 8,348,371 shares during the period. Conversant Capital LLC boosted its position in Hudson Pacific Properties by 293.6% during the second quarter. Conversant Capital LLC now owns 10,700,000 shares of the real estate investment trust’s stock worth $29,318,000 after acquiring an additional 7,981,580 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Hudson Pacific Properties in the 2nd quarter worth approximately $21,422,000. Finally, Sei Investments Co. raised its holdings in Hudson Pacific Properties by 18,343.2% in the 2nd quarter. Sei Investments Co. now owns 5,571,688 shares of the real estate investment trust’s stock valued at $15,266,000 after acquiring an additional 5,541,478 shares during the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Trading Down 0.9%

Shares of Hudson Pacific Properties stock opened at $8.15 on Thursday. The company has a 50-day moving average of $10.81 and a two-hundred day moving average of $15.37. Hudson Pacific Properties has a 12-month low of $8.10 and a 12-month high of $23.52. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.20. The stock has a market cap of $441.97 million, a PE ratio of -0.48 and a beta of 1.49.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Hudson Pacific Properties had a negative return on equity of 16.24% and a negative net margin of 59.61%.The business had revenue of $186.62 million for the quarter, compared to analysts’ expectations of $186.05 million. On average, research analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a self-managed real estate investment trust focused on the acquisition, development and management of high-quality office and studio properties. The company’s portfolio spans strategic West Coast markets in the United States and key markets in Canada, providing space for technology, media and creative companies as well as major film and television producers. As an owner and operator of both traditional office buildings and specialized production facilities, Hudson Pacific seeks to deliver stable income through long-term leases and strategic property enhancements.

In its office segment, Hudson Pacific targets markets with strong job growth and limited supply, including Los Angeles, Silicon Valley, San Diego and Seattle, as well as Vancouver, British Columbia.