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

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) have received a consensus rating of "Hold" from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $3.22.

HPP has been the subject of a number of research analyst reports. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Odeon Capital Group initiated coverage on Hudson Pacific Properties in a research report on Monday, June 16th. They set a "buy" rating and a $5.00 price target for the company. Jefferies Financial Group initiated coverage on Hudson Pacific Properties in a report on Monday, March 17th. They issued a "hold" rating and a $2.70 price objective on the stock. Piper Sandler set a $2.00 target price on shares of Hudson Pacific Properties and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, BTIG Research reduced their target price on shares of Hudson Pacific Properties from $8.00 to $4.75 and set a "buy" rating for the company in a research report on Wednesday.

Hudson Pacific Properties Price Performance

NYSE HPP traded up $0.03 on Wednesday, hitting $2.71. The company had a trading volume of 33,949,454 shares, compared to its average volume of 3,845,300. The company has a market capitalization of $382.46 million, a PE ratio of -0.99 and a beta of 1.43. The company's fifty day moving average price is $2.29 and its 200-day moving average price is $2.68. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.79 and a quick ratio of 1.79. Hudson Pacific Properties has a 12-month low of $1.78 and a 12-month high of $6.29.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $199.95 million. As a group, analysts predict that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Insider Activity at Hudson Pacific Properties

In related news, CEO Victor J. Coleman bought 224,215 shares of the stock in a transaction on Thursday, June 12th. The stock was bought at an average price of $2.23 per share, with a total value of $499,999.45. Following the completion of the purchase, the chief executive officer now directly owns 711,666 shares in the company, valued at $1,587,015.18. This represents a 46.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur X. Suazo purchased 22,421 shares of Hudson Pacific Properties stock in a transaction dated Thursday, June 12th. The stock was bought at an average cost of $2.23 per share, for a total transaction of $49,998.83. Following the completion of the purchase, the executive vice president now directly owns 115,123 shares in the company, valued at approximately $256,724.29. This trade represents a 24.19% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,139,007 shares of company stock valued at $2,539,986. 4.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. raised its position in Hudson Pacific Properties by 265.5% in the fourth 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 during the period. Millennium Management LLC raised 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 buying an additional 5,554,444 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Hudson Pacific Properties by 10.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,241,593 shares of the real estate investment trust's stock worth $18,413,000 after acquiring an additional 573,233 shares in the last quarter. Legal & General Group Plc lifted its stake in Hudson Pacific Properties by 0.5% during the 4th quarter. Legal & General Group Plc now owns 4,008,936 shares of the real estate investment trust's stock worth $12,147,000 after acquiring an additional 21,320 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Hudson Pacific Properties during the 1st quarter valued at about $10,333,000. Hedge funds and other institutional investors own 97.58% of the company's stock.

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.