Hudson Pacific Properties, Inc. (NYSE:HPP) Given Average Rating of “Hold” by Brokerages

Hudson Pacific Properties, Inc. (NYSE:HPP) has been given a consensus rating of “Hold” by the eleven analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $6.94.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 11th. BMO Capital Markets lowered shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $8.00 to $6.00 in a report on Thursday, August 8th. Bank of America reduced their target price on Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating on the stock in a report on Thursday, August 22nd. Scotiabank dropped their price target on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. Finally, Piper Sandler lowered Hudson Pacific Properties from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $6.00 in a research note on Thursday, August 8th.

Hudson Pacific Properties Price Performance

Shares of HPP stock opened at $4.44 on Tuesday. The stock’s fifty day simple moving average is $4.68 and its 200 day simple moving average is $4.99. Hudson Pacific Properties has a one year low of $4.11 and a one year high of $9.85. The firm has a market cap of $627.07 million, a price-to-earnings ratio of -2.66 and a beta of 1.31. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.47 and a quick ratio of 1.47.

Insider Buying and Selling

In other Hudson Pacific Properties news, Director Jonathan M. Glaser sold 9,287 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $5.20, for a total transaction of $48,292.40. Following the transaction, the director now directly owns 3,713 shares in the company, valued at approximately $19,307.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Jonathan M. Glaser sold 9,287 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $5.20, for a total value of $48,292.40. Following the transaction, the director now owns 3,713 shares of the company’s stock, valued at $19,307.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction on Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the sale, the chief operating officer now directly owns 61,068 shares of the company’s stock, valued at approximately $322,439.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.95% of the company’s stock.

Institutional Trading of Hudson Pacific Properties

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its stake in Hudson Pacific Properties by 282.7% in the second quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust’s stock valued at $8,594,000 after acquiring an additional 1,319,869 shares during the period. B&I Capital AG grew its position in shares of Hudson Pacific Properties by 23.4% in the 2nd quarter. B&I Capital AG now owns 1,699,283 shares of the real estate investment trust’s stock valued at $8,174,000 after purchasing an additional 322,033 shares during the period. Bank of New York Mellon Corp increased its stake in Hudson Pacific Properties by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,290,803 shares of the real estate investment trust’s stock worth $6,209,000 after purchasing an additional 43,728 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in Hudson Pacific Properties by 50.6% during the 1st quarter. Kennedy Capital Management LLC now owns 1,240,292 shares of the real estate investment trust’s stock worth $8,000,000 after buying an additional 416,591 shares during the period. Finally, Davis Selected Advisers lifted its stake in Hudson Pacific Properties by 78.0% in the second quarter. Davis Selected Advisers now owns 1,224,493 shares of the real estate investment trust’s stock valued at $5,890,000 after buying an additional 536,540 shares in the last quarter. 97.58% of the stock is owned by institutional investors.

About Hudson Pacific Properties

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.