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

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) has earned a consensus rating of "Hold" from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $3.14.

A number of equities research analysts have commented on HPP shares. BMO Capital Markets upgraded Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and increased their target price for the company from $4.00 to $5.00 in a report on Friday, March 28th. Wells Fargo & Company upgraded 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. Mizuho decreased their price target 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. Morgan Stanley reissued an "underweight" rating and issued a $1.75 price objective on shares of Hudson Pacific Properties in a research report on Tuesday, April 15th. Finally, Jefferies Financial Group started coverage on shares of Hudson Pacific Properties in a research report on Monday, March 17th. They set a "hold" rating and a $2.70 target price on the stock.

Hedge Funds Weigh In On Hudson Pacific Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. GeoWealth Management LLC bought a new position in Hudson Pacific Properties during the 4th quarter valued at $27,000. Xponance Inc. acquired a new position in Hudson Pacific Properties in the fourth quarter worth $30,000. Opinicus Capital Inc. acquired a new stake in shares of Hudson Pacific Properties during the fourth quarter worth $32,000. Cibc World Markets Corp bought a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at about $39,000. Finally, Boothbay Fund Management LLC acquired a new stake in Hudson Pacific Properties during the fourth quarter worth about $40,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Down 1.8 %

HPP stock opened at $2.22 on Tuesday. Hudson Pacific Properties has a 52 week low of $1.88 and a 52 week high of $6.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The company has a market cap of $313.89 million, a P/E ratio of -0.86 and a beta of 1.48. The company's 50-day moving average price is $2.61 and its 200 day moving average price is $3.12.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $209.67 million for the quarter, compared to analyst estimates of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. On average, research analysts expect that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

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.

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