Brokerages Set Hudson Pacific Properties, Inc. (NYSE:HPP) PT at $4.26

Hudson Pacific Properties, Inc. (NYSE:HPP) has been assigned an average rating of “Reduce” from the ten research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $3.54.

Several analysts have commented on the company. Piper Sandler lowered their price target on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Monday, February 24th. Morgan Stanley lowered their price target on Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating for the company in a report on Tuesday. Wells Fargo & Company raised Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price objective on the stock in a research note on Monday, March 10th. Scotiabank reduced their price objective on Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group assumed coverage on Hudson Pacific Properties in a research note on Monday. They issued a “hold” rating and a $2.70 price objective on the stock.

Hudson Pacific Properties Stock Down 0.8 %

HPP opened at $2.95 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $416.28 million, a price-to-earnings ratio of -1.15 and a beta of 1.31. The business has a 50-day moving average of $3.00 and a two-hundred day moving average of $3.69. Hudson Pacific Properties has a 12 month low of $2.39 and a 12 month high of $6.82.

Hudson Pacific Properties (NYSE:HPP) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $209.67 million during the quarter, compared to analysts’ expectations of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. On average, research analysts expect that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DigitalBridge Group Inc. acquired a new position in Hudson Pacific Properties during the 4th quarter worth approximately $2,199,000. Alpine Global Management LLC acquired a new position in Hudson Pacific Properties during the 4th quarter worth approximately $185,000. Two Sigma Advisers LP lifted its position in Hudson Pacific Properties by 98.1% during the 4th quarter. Two Sigma Advisers LP now owns 631,800 shares of the real estate investment trust’s stock worth $1,914,000 after acquiring an additional 312,900 shares in the last quarter. Two Sigma Investments LP lifted its position in Hudson Pacific Properties by 103.2% during the 4th quarter. Two Sigma Investments LP now owns 1,192,633 shares of the real estate investment trust’s stock worth $3,614,000 after acquiring an additional 605,759 shares in the last quarter. Finally, Saba Capital Management L.P. lifted its position in Hudson Pacific Properties by 105.2% during the 4th quarter. Saba Capital Management L.P. now owns 1,790,762 shares of the real estate investment trust’s stock worth $5,426,000 after acquiring an additional 918,045 shares in the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.

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.