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

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $3.51.

HPP has been the subject of a number of research reports. Jefferies Financial Group started coverage on Hudson Pacific Properties in a research report on Monday, March 17th. They issued a "hold" rating and a $2.70 price objective for the company. BTIG Research set a $8.00 price target on shares of Hudson Pacific Properties and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Odeon Capital Group began coverage on Hudson Pacific Properties in a report on Monday, June 16th. They set a "buy" rating and a $5.00 price objective on the stock. Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. Finally, The Goldman Sachs Group cut their target price on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd.

Hudson Pacific Properties Price Performance

Shares of Hudson Pacific Properties stock opened at $2.72 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $383.88 million, a PE ratio of -0.99 and a beta of 1.44. The firm has a fifty day moving average price of $2.26 and a two-hundred day moving average price of $2.69. Hudson Pacific Properties has a fifty-two week low of $1.78 and a fifty-two week high of $6.29.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. Hudson Pacific Properties had a negative net margin of 47.56% and a negative return on equity of 14.12%. The business had revenue of $198.46 million during the quarter, compared to analyst estimates of $199.95 million. Analysts expect that Hudson Pacific Properties will post 0.45 EPS for the current year.

Insiders Place Their Bets

In related news, President Mark T. Lammas bought 22,421 shares of the company's stock in a transaction on Thursday, June 12th. The stock was bought at an average cost of $2.23 per share, with a total value of $49,998.83. Following the completion of the purchase, the president now owns 141,578 shares in the company, valued at approximately $315,718.94. The trade was a 18.82% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert L. Harris II purchased 44,843 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $2.23 per share, for a total transaction of $99,999.89. Following the completion of the purchase, the director now directly owns 174,731 shares of the company's stock, valued at $389,650.13. The trade was a 34.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,139,007 shares of company stock valued at $2,539,986. 3.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

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

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.

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