Hudson Pacific Properties, Inc. (NYSE:HPP) Receives $5.08 Consensus Target Price from Analysts

Hudson Pacific Properties, Inc. (NYSE:HPP) has earned an average recommendation of “Reduce” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $5.08.

A number of research firms recently commented on HPP. Mizuho dropped their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Piper Sandler cut their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Finally, Jefferies Financial Group decreased their price objective on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a report on Thursday, January 2nd.

Hudson Pacific Properties Stock Performance

Shares of Hudson Pacific Properties stock opened at $3.11 on Friday. The firm has a fifty day moving average of $3.15 and a two-hundred day moving average of $4.26. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $438.66 million, a price-to-earnings ratio of -1.49 and a beta of 1.30. Hudson Pacific Properties has a 52 week low of $2.39 and a 52 week high of $8.95.

Insider Activity

In other Hudson Pacific Properties news, CEO Victor J. Coleman acquired 50,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.95% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Opinicus Capital Inc. bought a new stake in Hudson Pacific Properties during the 4th quarter worth about $32,000. Union Bancaire Privee UBP SA bought a new stake in Hudson Pacific Properties during the fourth quarter worth about $436,000. Presima Securities ULC boosted its position in Hudson Pacific Properties by 8.0% during the fourth quarter. Presima Securities ULC now owns 2,504,983 shares of the real estate investment trust’s stock valued at $7,590,000 after purchasing an additional 185,699 shares during the last quarter. Key Client Fiduciary Advisors LLC grew its stake in Hudson Pacific Properties by 150.0% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 30,000 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Hudson Pacific Properties by 60.0% during the 4th quarter. Inspire Investing LLC now owns 139,232 shares of the real estate investment trust’s stock worth $422,000 after purchasing an additional 52,237 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

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.