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

Hudson Pacific Properties, Inc. (NYSE:HPP) has been assigned an average recommendation of “Reduce” from the eleven analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.17.

A number of equities research analysts have recently weighed in on HPP shares. Wolfe Research lowered shares of Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. The Goldman Sachs Group reduced their target price 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. Wells Fargo & Company dropped their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Wednesday, September 11th. Jefferies Financial Group cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and lowered their target price for the company from $5.50 to $5.00 in a research note on Tuesday, November 12th. Finally, Piper Sandler lowered their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th.

Hudson Pacific Properties Stock Performance

Shares of HPP stock opened at $3.56 on Friday. The company has a market capitalization of $502.79 million, a PE ratio of -1.70 and a beta of 1.27. 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 business’s fifty day moving average is $4.19 and its 200 day moving average is $4.75. Hudson Pacific Properties has a 52-week low of $3.01 and a 52-week high of $9.85.

Insider Buying and Selling

In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares in the company, valued at $322,439.04. The trade was a 13.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Victor J. Coleman bought 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was bought at an average price of $3.53 per share, for a total transaction of $176,500.00. Following the purchase, the chief executive officer now directly owns 437,451 shares of the company’s stock, valued at $1,544,202.03. The trade was a 12.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

Large investors have recently modified their holdings of the business. M&G Plc acquired a new position in Hudson Pacific Properties in the second quarter valued at approximately $169,000. Key Client Fiduciary Advisors LLC acquired a new position in Hudson Pacific Properties during the 2nd quarter worth about $53,000. Silver Lake Advisory LLC acquired a new position in Hudson Pacific Properties during the 2nd quarter worth about $145,000. Bank of New York Mellon Corp raised its position in Hudson Pacific Properties by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,290,803 shares of the real estate investment trust’s stock valued at $6,209,000 after purchasing an additional 43,728 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its position in Hudson Pacific Properties by 6.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 404,949 shares of the real estate investment trust’s stock valued at $1,948,000 after purchasing an additional 24,235 shares in the last quarter. Hedge funds and other institutional investors 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.