Hudson Pacific Properties (NYSE:HPP) Price Target Cut to $4.75 by Analysts at BTIG Research

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 report published on Wednesday,Benzinga reports. The firm currently has a buy rating on the real estate investment trust's stock.

A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group lowered their price objective on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley reissued an "underweight" rating and issued a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. 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. Odeon Capital Group assumed coverage on shares of Hudson Pacific Properties in a research report on Monday, June 16th. They set a "buy" rating and a $5.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $3.22.

Hudson Pacific Properties Stock Performance

NYSE HPP traded up $0.00 during trading on Wednesday, hitting $2.69. The company's stock had a trading volume of 9,968,885 shares, compared to its average volume of 3,717,931. Hudson Pacific Properties has a 52 week low of $1.78 and a 52 week high of $6.29. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.62. The firm has a market cap of $380.76 million, a P/E ratio of -0.99 and a beta of 1.43. The firm has a 50 day moving average price of $2.27 and a 200 day moving average price of $2.69.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $198.46 million during the quarter, compared to analysts' expectations of $199.95 million. Hudson Pacific Properties had a negative net margin of 47.56% and a negative return on equity of 14.12%. Equities research analysts forecast that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

Insider Activity at Hudson Pacific Properties

In other news, Director Robert L. Harris II acquired 44,843 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $2.23 per share, with a total value of $99,999.89. Following the completion of the acquisition, the director now owns 174,731 shares in the company, valued at approximately $389,650.13. This represents a 34.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ted R. Antenucci purchased 89,686 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average price of $2.23 per share, for a total transaction of $199,999.78. Following the completion of the transaction, the director now owns 254,934 shares in the company, valued at $568,502.82. The trade was a 54.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 1,139,007 shares of company stock valued at $2,539,986 in the last ninety days. Insiders own 4.92% of the company's stock.

Institutional Trading of Hudson Pacific Properties

Several large investors have recently made changes to their positions in the business. GeoWealth Management LLC acquired a new position in Hudson Pacific Properties during the 4th quarter worth about $27,000. US Bancorp DE raised its stake in shares of 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 worth $29,000 after acquiring an additional 8,925 shares during the last quarter. Xponance Inc. bought a new position in shares of Hudson Pacific Properties in the fourth quarter worth about $30,000. Cibc World Markets Corp acquired a new position in shares of Hudson Pacific Properties during the fourth quarter worth approximately $39,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Hudson Pacific Properties during the fourth quarter valued at approximately $40,000. 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.