BTIG Research Issues Pessimistic Forecast for Hudson Pacific Properties (NYSE:HPP) Stock Price

Hudson Pacific Properties (NYSE:HPP - Free Report) had its target price lowered by BTIG Research from $8.00 to $4.75 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust's stock.

HPP has been the topic of a number of other research reports. Wells Fargo & Company reduced their target price on Hudson Pacific Properties from $4.00 to $3.40 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Jefferies Financial Group assumed coverage on Hudson Pacific Properties in a research note on Monday, March 17th. They issued a "hold" rating and a $2.70 target price on the stock. Piper Sandler set a $2.00 target price on Hudson Pacific Properties and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Wedbush reiterated a "neutral" rating on shares of Hudson Pacific Properties in a research note on Monday, May 5th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $1.75 target price on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $3.22.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP traded up $0.03 during midday trading on Wednesday, reaching $2.71. 33,949,454 shares of the stock traded hands, compared to its average volume of 3,846,097. 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 stock has a market capitalization of $382.46 million, a PE ratio of -0.99 and a beta of 1.43. Hudson Pacific Properties has a one year low of $1.78 and a one year high of $6.29. The company's 50 day moving average is $2.29 and its 200 day moving average is $2.68.

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. Hudson Pacific Properties had a negative return on equity of 14.12% and a negative net margin of 47.56%. The company had revenue of $198.46 million for the quarter, compared to analyst estimates of $199.95 million. On average, equities research analysts anticipate that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Insider Buying and Selling at Hudson Pacific Properties

In related news, Director Ted R. Antenucci acquired 89,686 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $2.23 per share, for a total transaction of $199,999.78. Following the completion of the acquisition, the director now directly owns 254,934 shares in the company, valued at $568,502.82. The trade was a 54.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Harris II acquired 44,843 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were bought at an average price of $2.23 per share, for a total transaction of $99,999.89. Following the acquisition, the director now owns 174,731 shares of the company's stock, valued at approximately $389,650.13. This represents a 34.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 1,139,007 shares of company stock worth $2,539,986 over the last quarter. Insiders own 4.92% of the company's stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Large investors have recently bought and sold shares of the company. GeoWealth Management LLC purchased a new stake in Hudson Pacific Properties in the fourth quarter valued at approximately $27,000. US Bancorp DE boosted its position in Hudson Pacific Properties by 1,053.7% in the first quarter. US Bancorp DE now owns 9,772 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 8,925 shares during the last quarter. Xponance Inc. purchased a new stake in Hudson Pacific Properties in the fourth quarter valued at approximately $30,000. Cibc World Markets Corp purchased a new stake in Hudson Pacific Properties in the fourth quarter valued at approximately $39,000. Finally, Boothbay Fund Management LLC purchased a new stake in Hudson Pacific Properties in the fourth quarter valued at approximately $40,000. 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.