Hudson Pacific Properties, Inc. (NYSE:HPP) Given Consensus Recommendation of “Reduce” by Brokerages

Hudson Pacific Properties, Inc. (NYSE:HPP) has been given a consensus recommendation of “Reduce” by the eleven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $5.08.

Several equities analysts recently commented on the company. Piper Sandler cut their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Mizuho reduced their target price on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group cut their price target on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a report on Thursday, January 2nd.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $3.16 on Friday. The firm has a market capitalization of $445.58 million, a PE ratio of -1.51 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties has a 12-month low of $2.39 and a 12-month high of $8.99. The firm has a 50-day moving average price of $3.16 and a 200 day moving average price of $4.29.

Insider Transactions at Hudson Pacific Properties

In related news, CEO Victor J. Coleman bought 50,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of $2.87 per share, with a total value of $143,500.00. Following the completion of the purchase, the chief executive officer now owns 487,451 shares of the company’s stock, valued at $1,398,984.37. This represents a 11.43 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.95% of the stock is owned by corporate insiders.

Institutional Trading of Hudson Pacific Properties

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in Hudson Pacific Properties by 549.1% during the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 5,013 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at about $44,000. Mutual Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the 4th quarter valued at approximately $44,000. Stifel Financial Corp bought a new stake in Hudson Pacific Properties during the 3rd quarter worth approximately $48,000. Finally, MQS Management LLC bought a new position in Hudson Pacific Properties in the third quarter valued at approximately $58,000. 97.58% of the stock is owned by institutional investors.

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.