Hudson Pacific Properties (NYSE:HPP) Given a $2.00 Price Target by Piper Sandler Analysts

Piper Sandler set a $2.00 target price on Hudson Pacific Properties (NYSE:HPP - Free Report) in a research report released on Friday, MarketBeat Ratings reports. The firm currently has a neutral rating on the real estate investment trust's stock.

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Company decreased their target price 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 price target for the stock from $4.00 to $5.00 in a research note on Friday, March 28th. Jefferies Financial Group began coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 price objective for the company. BTIG Research set a $8.00 price target on Hudson Pacific Properties and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $3.52.

Hudson Pacific Properties Price Performance

Hudson Pacific Properties stock traded down $0.09 during trading hours on Friday, hitting $1.90. 685,428 shares of the company traded hands, compared to its average volume of 2,869,132. 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 firm has a market cap of $267.94 million, a P/E ratio of -0.74 and a beta of 1.48. The firm's 50-day simple moving average is $2.33 and its two-hundred day simple moving average is $2.87. Hudson Pacific Properties has a 1-year low of $1.81 and a 1-year high of $6.29.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted 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 44.01% and a negative return on equity of 12.64%. The company had revenue of $198.46 million during the quarter, compared to analyst estimates of $199.95 million. As a group, analysts forecast that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Balyasny Asset Management L.P. boosted 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 worth $30,464,000 after purchasing an additional 7,303,472 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Hudson Pacific Properties by 303.5% during the 4th quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust's stock worth $22,374,000 after acquiring an additional 5,554,444 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Hudson Pacific Properties by 10.1% during the first 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 purchasing an additional 573,233 shares in the last quarter. Legal & General Group Plc grew its position in Hudson Pacific Properties by 0.5% in the fourth 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 bought a new position in shares of Hudson Pacific Properties during the 1st quarter valued at approximately $10,333,000. Hedge funds and other 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.