Hudson Pacific Properties (NYSE:HPP) Price Target Lowered to $2.25 at Morgan Stanley

Hudson Pacific Properties (NYSE:HPP) had its price objective lowered by Morgan Stanley from $2.40 to $2.25 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an underweight rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently commented on HPP. Mizuho reduced their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. The Goldman Sachs Group reduced their price objective on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Scotiabank reduced their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties in a research report on Monday. They issued a “hold” rating and a $2.70 price objective for the company. Finally, Wells Fargo & Company upgraded shares of Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price objective for the company in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.54.

Hudson Pacific Properties Price Performance

Shares of HPP opened at $2.97 on Tuesday. Hudson Pacific Properties has a fifty-two week low of $2.39 and a fifty-two week high of $6.82. The company has a market capitalization of $419.11 million, a price-to-earnings ratio of -1.15 and a beta of 1.31. The firm has a 50-day simple moving average of $3.00 and a 200-day simple moving average of $3.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Anthracite Investment Company Inc. purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter worth approximately $1,320,000. Green Alpha Advisors LLC increased its stake in shares of Hudson Pacific Properties by 77.7% during the 4th quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust’s stock worth $1,580,000 after purchasing an additional 228,079 shares in the last quarter. Stifel Financial Corp purchased a new stake in Hudson Pacific Properties in the 3rd quarter worth approximately $48,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Hudson Pacific Properties by 450.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust’s stock worth $5,096,000 after acquiring an additional 872,538 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Hudson Pacific Properties in the 4th quarter worth approximately $436,000. 97.58% of the stock is owned by hedge funds and other 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.