Analysts Set Hudson Pacific Properties, Inc. (NYSE:HPP) Price Target at $9.05

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) has received a consensus recommendation of "Hold" from the ten analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.05.

Several equities research analysts recently weighed in on HPP shares. Wolfe Research upgraded shares of Hudson Pacific Properties from a "peer perform" rating to an "outperform" rating and set a $8.40 price target on the stock in a research report on Monday, March 18th. BMO Capital Markets upped their target price on shares of Hudson Pacific Properties from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Thursday, January 4th. Jefferies Financial Group upgraded Hudson Pacific Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $6.00 to $12.00 in a research report on Tuesday, January 2nd. Morgan Stanley decreased their price objective on Hudson Pacific Properties from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group raised their price objective on Hudson Pacific Properties from $7.10 to $10.60 and gave the company a "neutral" rating in a research note on Thursday, January 11th.

Hudson Pacific Properties Price Performance

HPP stock traded up $0.04 during mid-day trading on Friday, hitting $5.72. The company had a trading volume of 1,808,774 shares, compared to its average volume of 2,563,681. The company has a 50-day moving average price of $6.37 and a 200 day moving average price of $6.86. Hudson Pacific Properties has a 12-month low of $4.05 and a 12-month high of $9.85. The company has a market capitalization of $807.38 million, a price-to-earnings ratio of -4.20, a P/E/G ratio of 0.50 and a beta of 1.30. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.31.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.15 EPS for the quarter, hitting analysts' consensus estimates 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 period in the previous year, the business earned $0.49 earnings per share. The firm's revenue for the quarter was down 17.2% on a year-over-year basis. On average, research analysts anticipate that Hudson Pacific Properties will post 1.05 earnings per share for the current year.

Hudson Pacific Properties Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were given 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%.

Insider Transactions at Hudson Pacific Properties

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

Hedge Funds Weigh In On Hudson Pacific Properties

Several institutional investors have recently made changes to their positions in the company. Financial Gravity Asset Management Inc. increased its position in Hudson Pacific Properties by 103,925.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 4,161 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 4,157 shares during the period. Quantbot Technologies LP acquired a new stake in Hudson Pacific Properties in the third quarter worth about $58,000. Sage Rhino Capital LLC purchased a new stake in shares of Hudson Pacific Properties during the third quarter worth about $67,000. Optas LLC acquired a new position in shares of Hudson Pacific Properties during the third quarter valued at about $67,000. Finally, Paces Ferry Wealth Advisors LLC acquired a new position in shares of Hudson Pacific Properties during the third quarter valued at about $71,000. 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.