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

Hudson Pacific Properties, Inc. (NYSE:HPP) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $3.43.

Several research firms recently issued reports on HPP. Scotiabank cut their target price on 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. Mizuho cut their price objective on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Piper Sandler reduced their price objective on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a research note on Monday, February 24th. Morgan Stanley dropped their target price on Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating on the stock in a research report on Tuesday, March 18th. Finally, The Goldman Sachs Group reduced their price target on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds have recently bought and sold shares of the stock. Green Alpha Advisors LLC increased its holdings in shares of Hudson Pacific Properties by 77.7% during the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 228,079 shares in the last quarter. Stifel Financial Corp acquired a new stake in Hudson Pacific Properties during the third quarter valued at $48,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Hudson Pacific Properties by 450.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust’s stock valued at $5,096,000 after buying an additional 872,538 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Hudson Pacific Properties in the fourth quarter valued at $436,000. Finally, Brown University acquired a new position in shares of Hudson Pacific Properties in the fourth quarter worth about $1,832,000. Hedge funds and other institutional investors own 97.58% of the company’s stock.

Hudson Pacific Properties Price Performance

Shares of HPP stock opened at $2.15 on Friday. Hudson Pacific Properties has a fifty-two week low of $2.02 and a fifty-two week high of $6.35. 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 firm has a market capitalization of $303.20 million, a price-to-earnings ratio of -0.83 and a beta of 1.30. The stock’s 50-day simple moving average is $2.89 and its 200-day simple moving average is $3.41.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $209.67 million for the quarter, compared to the consensus estimate of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. As a group, equities analysts forecast that Hudson Pacific Properties will post 0.45 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.