Hudson Pacific Properties (NYSE:HPP) Shares Down 3.7%

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) were down 3.7% during mid-day trading on Friday . The company traded as low as $5.40 and last traded at $5.41. Approximately 562,339 shares were traded during trading, a decline of 78% from the average daily volume of 2,531,659 shares. The stock had previously closed at $5.62.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wedbush downgraded shares of Hudson Pacific Properties from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $11.00 to $7.50 in a report on Tuesday, February 20th. Piper Sandler reissued an "overweight" rating and set a $7.00 target price (down from $9.00) on shares of Hudson Pacific Properties in a research report on Friday, May 3rd. Wolfe Research raised Hudson Pacific Properties from a "peer perform" rating to an "outperform" rating and set a $8.40 price target for the company in a report on Monday, March 18th. The Goldman Sachs Group decreased their price objective on Hudson Pacific Properties from $9.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, May 7th. Finally, Morgan Stanley cut their target price on Hudson Pacific Properties from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Thursday, March 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Hudson Pacific Properties presently has a consensus rating of "Hold" and an average target price of $8.49.

Hudson Pacific Properties Stock Down 4.6 %

The company has a debt-to-equity ratio of 1.38, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a 50 day simple moving average of $6.02 and a 200-day simple moving average of $6.89. The stock has a market capitalization of $756.56 million, a price-to-earnings ratio of -3.35, a price-to-earnings-growth ratio of 0.55 and a beta of 1.31.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $223.42 million during the quarter, compared to the consensus estimate of $223.93 million. Hudson Pacific Properties had a negative net margin of 23.48% and a negative return on equity of 6.91%. The firm's quarterly revenue was down 17.2% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. On average, sell-side analysts forecast that Hudson Pacific Properties, Inc. will post 0.92 EPS for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were given a dividend of $0.05 per share. The ex-dividend date was Friday, March 15th. Hudson Pacific Properties's dividend payout ratio (DPR) is presently -12.50%.

Insider Buying and Selling at Hudson Pacific Properties

In related news, Director Barry A. Sholem bought 40,000 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was bought at an average cost of $6.69 per share, with a total value of $267,600.00. Following the completion of the purchase, the director now owns 70,176 shares in the company, valued at approximately $469,477.44. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.95% of the company's stock.

Institutional Investors Weigh In On Hudson Pacific Properties

Institutional investors have recently modified their holdings of the business. Financial Gravity Asset Management Inc. grew its holdings 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 worth $28,000 after acquiring an additional 4,157 shares during the period. Quantbot Technologies LP bought a new stake in Hudson Pacific Properties in the third quarter valued at about $58,000. Paces Ferry Wealth Advisors LLC acquired a new position in Hudson Pacific Properties in the third quarter valued at about $71,000. Tower Research Capital LLC TRC boosted its holdings in Hudson Pacific Properties by 42.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,688 shares of the real estate investment trust's stock worth $72,000 after buying an additional 2,286 shares during the last quarter. Finally, Versor Investments LP acquired a new position in shares of Hudson Pacific Properties during the 4th quarter worth about $99,000. Institutional investors and hedge funds 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.