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

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) have earned an average rating of "Hold" from the ten ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $9.05.

A number of analysts have weighed in on the company. BMO Capital Markets raised their price target on Hudson Pacific Properties from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Thursday, January 4th. The Goldman Sachs Group increased their target price on shares of Hudson Pacific Properties from $7.10 to $10.60 and gave the company a "neutral" rating in a research report on Thursday, January 11th. Jefferies Financial Group upgraded shares of Hudson Pacific Properties from a "hold" rating to a "buy" rating and upped their price objective for the company from $6.00 to $12.00 in a research note on Tuesday, January 2nd. Wolfe Research raised Hudson Pacific Properties from a "peer perform" rating to an "outperform" rating and set a $8.40 target price for the company in a report on Monday, March 18th. Finally, Piper Sandler decreased their target price on Hudson Pacific Properties from $11.00 to $9.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd.

Insider Buying and Selling

In other news, Director Barry A. Sholem purchased 40,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was purchased at an average price of $6.69 per share, with a total value of $267,600.00. Following the completion of the transaction, the director now owns 70,176 shares in the company, valued at $469,477.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hudson Pacific Properties news, Director Barry A. Sholem purchased 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average cost of $6.69 per share, with a total value of $267,600.00. Following the transaction, the director now owns 70,176 shares in the company, valued at $469,477.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Drew Gordon sold 10,000 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $7.11, for a total value of $71,100.00. Following the completion of the transaction, the executive now directly owns 116,694 shares in the company, valued at $829,694.34. The disclosure for this sale can be found here. Corporate insiders own 2.95% of the company's stock.

Institutional Trading of Hudson Pacific Properties

Large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Hudson Pacific Properties by 0.6% in the 2nd quarter. BlackRock Inc. now owns 24,343,532 shares of the real estate investment trust's stock worth $102,730,000 after buying an additional 148,537 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Hudson Pacific Properties by 0.7% in the first quarter. Vanguard Group Inc. now owns 22,183,249 shares of the real estate investment trust's stock valued at $615,584,000 after purchasing an additional 160,204 shares during the last quarter. Norges Bank acquired a new stake in Hudson Pacific Properties during the 4th quarter valued at approximately $101,242,000. State Street Corp increased its holdings in Hudson Pacific Properties by 10.6% during the 2nd quarter. State Street Corp now owns 9,164,405 shares of the real estate investment trust's stock worth $38,674,000 after purchasing an additional 875,483 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Hudson Pacific Properties by 6,191.3% during the 3rd quarter. FMR LLC now owns 5,393,766 shares of the real estate investment trust's stock valued at $35,869,000 after buying an additional 5,308,032 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Price Performance

NYSE HPP traded down $0.10 during trading on Monday, hitting $6.35. The stock had a trading volume of 2,207,787 shares, compared to its average volume of 2,741,500. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a 50 day moving average price of $7.11 and a 200 day moving average price of $6.92. Hudson Pacific Properties has a twelve month low of $4.05 and a twelve month high of $9.85.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Hudson Pacific Properties had a negative return on equity of 5.74% and a negative net margin of 19.20%. The company had revenue of $223.42 million for the quarter, compared to the consensus estimate of $223.93 million. During the same quarter in the prior year, the business earned $0.49 EPS. Hudson Pacific Properties's revenue was down 17.2% on a year-over-year basis. As a group, research analysts predict that Hudson Pacific Properties will post 1.05 earnings per share for the current year.

Hudson Pacific Properties Announces Dividend

The business also recently declared a -- dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 15th. Hudson Pacific Properties's dividend payout ratio (DPR) is presently -14.60%.

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.