Hudson Pacific Properties, Inc. (NYSE:HPP) Receives Average Recommendation of “Hold” from Analysts

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

A number of analysts have commented on the stock. Scotiabank dropped their price target on shares of Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday, August 26th. BMO Capital Markets downgraded shares of Hudson Pacific Properties from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $8.00 to $6.00 in a research report on Thursday, August 8th. Morgan Stanley downgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $6.00 to $4.25 in a research report on Wednesday, July 10th. The Goldman Sachs Group lowered their price objective on shares of Hudson Pacific Properties from $6.50 to $4.70 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Finally, Bank of America reduced their target price on shares of Hudson Pacific Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd.

Hudson Pacific Properties Trading Down 1.0 %

NYSE HPP opened at $4.63 on Friday. Hudson Pacific Properties has a one year low of $4.26 and a one year high of $9.85. The company has a 50-day simple moving average of $4.87 and a 200-day simple moving average of $5.19. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $652.80 million, a PE ratio of -2.89 and a beta of 1.31.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.50). The firm had revenue of $218.00 million during the quarter, compared to the consensus estimate of $216.08 million. Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, equities analysts forecast that Hudson Pacific Properties will post 0.57 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Hudson Pacific Properties

A number of hedge funds have recently modified their holdings of HPP. Regent Peak Wealth Advisors LLC acquired a new stake in Hudson Pacific Properties in the 3rd quarter valued at approximately $85,000. Inspire Investing LLC boosted its position in Hudson Pacific Properties by 17.3% during the third quarter. Inspire Investing LLC now owns 86,995 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 12,820 shares during the period. Silver Lake Advisory LLC acquired a new stake in Hudson Pacific Properties during the second quarter worth approximately $145,000. Algert Global LLC lifted its holdings in shares of Hudson Pacific Properties by 0.7% during the second quarter. Algert Global LLC now owns 954,042 shares of the real estate investment trust’s stock worth $4,589,000 after buying an additional 7,047 shares in the last quarter. Finally, Scion Asset Management LLC acquired a new position in shares of Hudson Pacific Properties during the 2nd quarter worth approximately $5,505,000. 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.