Hudson Pacific Properties, Inc. (NYSE:HPP) Receives Average Rating of "Hold" from Analysts

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) have been given an average recommendation of "Hold" by the twelve brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.52.

A number of analysts have recently issued reports on the company. Morgan Stanley restated an "underweight" rating and set a $1.75 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Jefferies Financial Group started coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They issued a "hold" rating and a $2.70 price target on the stock. Wells Fargo & Company dropped their price objective on shares of Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating for the company in a research note on Monday, May 19th. BMO Capital Markets upgraded shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $4.00 to $5.00 in a research report on Friday, March 28th. Finally, Piper Sandler set a $2.00 price target on shares of Hudson Pacific Properties and gave the stock a "neutral" rating in a research report on Friday, May 23rd.

Institutional Trading of Hudson Pacific Properties

Several hedge funds have recently modified their holdings of HPP. Strs Ohio bought a new stake in Hudson Pacific Properties during the 1st quarter worth approximately $73,000. IFM Investors Pty Ltd bought a new position in Hudson Pacific Properties in the 1st quarter valued at $93,000. Caxton Associates LLP acquired a new position in Hudson Pacific Properties in the first quarter worth $82,000. Presima Securities ULC grew its holdings in shares of Hudson Pacific Properties by 10.4% during the first quarter. Presima Securities ULC now owns 2,765,776 shares of the real estate investment trust's stock worth $8,159,000 after purchasing an additional 260,793 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Hudson Pacific Properties by 140.3% during the first quarter. AQR Capital Management LLC now owns 348,203 shares of the real estate investment trust's stock worth $1,027,000 after purchasing an additional 203,283 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Stock Performance

NYSE HPP traded down $0.11 during midday trading on Friday, hitting $1.88. The company had a trading volume of 6,555,120 shares, compared to its average volume of 2,884,993. The firm has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $2.82. Hudson Pacific Properties has a fifty-two week low of $1.81 and a fifty-two week high of $6.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock has a market cap of $265.11 million, a price-to-earnings ratio of -0.73 and a beta of 1.48.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $198.46 million during the quarter, compared to analysts' expectations of $199.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. Equities analysts forecast that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

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.