Morgan Stanley Has Lowered Expectations for Hudson Pacific Properties (NYSE:HPP) Stock Price

Hudson Pacific Properties (NYSE:HPP) had its target price reduced by Morgan Stanley from $2.40 to $2.25 in a research report report published on Tuesday,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price target on the stock in a report on Monday, March 10th. Mizuho decreased their price target on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group reduced their target price on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group began coverage on shares of Hudson Pacific Properties in a report on Monday. They set a “hold” rating and a $2.70 target price on the stock. Finally, Piper Sandler reduced their target price on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus target price of $3.54.

Hudson Pacific Properties Stock Down 2.1 %

HPP stock opened at $2.97 on Tuesday. The stock has a market capitalization of $419.11 million, a P/E ratio of -1.15 and a beta of 1.31. The company has a 50 day moving average price of $3.00 and a two-hundred day moving average price of $3.70. Hudson Pacific Properties has a one year low of $2.39 and a one year high of $6.82. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $209.67 million for the quarter, compared to analyst estimates 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, sell-side analysts expect that Hudson Pacific Properties will post 0.45 EPS for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors have recently added to or reduced their stakes in the company. Anthracite Investment Company Inc. acquired a new position in Hudson Pacific Properties in the 3rd quarter worth $1,320,000. Green Alpha Advisors LLC lifted its holdings in Hudson Pacific Properties by 77.7% in the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock worth $1,580,000 after buying an additional 228,079 shares in the last quarter. Stifel Financial Corp acquired a new position in Hudson Pacific Properties in the 3rd quarter worth $48,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Hudson Pacific Properties by 450.9% in the 3rd 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 worth $5,096,000 after buying an additional 872,538 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Hudson Pacific Properties in the 4th quarter worth $436,000. Institutional investors and hedge funds own 97.58% of the company’s stock.

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.