Shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) have received an average recommendation of "Hold" from the twelve analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $3.63.
HPP has been the subject of several analyst reports. Wedbush reaffirmed a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. BTIG Research set a $8.00 price objective on Hudson Pacific Properties and gave the company a "buy" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group lowered their price objective on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley reissued an "underweight" rating and set a $1.75 price target on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company raised Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price target for the company in a research note on Monday, March 10th.
View Our Latest Report on Hudson Pacific Properties
Institutional Investors Weigh In On Hudson Pacific Properties
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Balyasny Asset Management L.P. raised its position in Hudson Pacific Properties by 265.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 10,054,067 shares of the real estate investment trust's stock valued at $30,464,000 after purchasing an additional 7,303,472 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Hudson Pacific Properties by 303.5% in the 4th quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust's stock valued at $22,374,000 after acquiring an additional 5,554,444 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Hudson Pacific Properties by 10.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,241,593 shares of the real estate investment trust's stock valued at $18,413,000 after acquiring an additional 573,233 shares during the period. Legal & General Group Plc increased its holdings in shares of Hudson Pacific Properties by 0.5% in the 4th quarter. Legal & General Group Plc now owns 4,008,936 shares of the real estate investment trust's stock valued at $12,147,000 after acquiring an additional 21,320 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Hudson Pacific Properties by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,488,285 shares of the real estate investment trust's stock valued at $10,572,000 after acquiring an additional 61,868 shares during the period. 97.58% of the stock is owned by institutional investors.
Hudson Pacific Properties Price Performance
NYSE HPP traded up $0.03 during trading on Tuesday, hitting $2.30. 1,290,889 shares of the stock traded hands, compared to its average volume of 2,858,798. The company has a market capitalization of $325.20 million, a P/E ratio of -0.89 and a beta of 1.48. The firm has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $3.05. 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 $1.88 and a 12-month high of $6.29.
Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly 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 return on equity of 12.64% and a negative net margin of 44.01%. As a group, analysts predict that Hudson Pacific Properties will post 0.45 EPS for the current year.
Hudson Pacific Properties Company Profile
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Get Free ReportHudson 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.
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