Hudson Pacific Properties (NYSE:HPP) Price Target Lowered to $3.00 at Jefferies Financial Group

Hudson Pacific Properties (NYSE:HPP) had its price objective cut by Jefferies Financial Group from $3.70 to $3.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. Piper Sandler cut their price target on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, November 15th. Wells Fargo & Company cut their target price on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, Hudson Pacific Properties currently has a consensus rating of “Hold” and an average target price of $5.29.

Hudson Pacific Properties Stock Performance

NYSE HPP opened at $2.86 on Thursday. The company’s fifty day moving average is $3.60 and its two-hundred day moving average is $4.51. The firm has a market capitalization of $403.92 million, a price-to-earnings ratio of -1.37 and a beta of 1.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. Hudson Pacific Properties has a 52-week low of $2.39 and a 52-week high of $9.84.

Insider Transactions at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $2.87 per share, with a total value of $143,500.00. Following the acquisition, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at $1,398,984.37. The trade was a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.95% of the stock is owned by insiders.

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Hudson Pacific Properties by 120.9% during the third quarter. Barclays PLC now owns 244,222 shares of the real estate investment trust’s stock worth $1,168,000 after purchasing an additional 133,673 shares during the last quarter. Geode Capital Management LLC lifted its position in Hudson Pacific Properties by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust’s stock worth $16,381,000 after buying an additional 154,101 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Hudson Pacific Properties by 11.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 212,406 shares of the real estate investment trust’s stock worth $1,015,000 after acquiring an additional 22,167 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Hudson Pacific Properties by 13.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 185,000 shares of the real estate investment trust’s stock valued at $884,000 after acquiring an additional 22,300 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Hudson Pacific Properties in the third quarter worth about $592,000. 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.