Odeon Capital Group Begins Coverage on Hudson Pacific Properties (NYSE:HPP)

Equities research analysts at Odeon Capital Group initiated coverage on shares of Hudson Pacific Properties (NYSE:HPP - Get Free Report) in a research report issued on Monday. The firm set a "buy" rating and a $5.00 price target on the real estate investment trust's stock. Odeon Capital Group's price objective would indicate a potential upside of 73.91% from the stock's previous close.

HPP has been the topic of several other research reports. Jefferies Financial Group assumed coverage on Hudson Pacific Properties in a research report on Monday, March 17th. They set a "hold" rating and a $2.70 target price on the stock. The Goldman Sachs Group dropped their price target on shares of 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. Wedbush reissued a "neutral" rating on shares of Hudson Pacific Properties in a research report on Monday, May 5th. BMO Capital Markets decreased their price objective on shares of Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating for the company in a report on Friday. Finally, BTIG Research set a $8.00 price target on shares of Hudson Pacific Properties and gave the stock a "buy" rating in a report on Tuesday, May 6th. Two investment 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 company has an average rating of "Hold" and an average target price of $3.51.

Hudson Pacific Properties Stock Up 4.9%

HPP stock traded up $0.14 during trading on Monday, reaching $2.88. 1,115,045 shares of the stock were exchanged, compared to its average volume of 3,263,937. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties has a twelve month low of $1.78 and a twelve month high of $6.29. The firm's 50 day moving average is $2.18 and its 200 day moving average is $2.73. The firm has a market cap of $406.50 million, a P/E ratio of -1.13 and a beta of 1.43.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. The company had revenue of $198.46 million for the quarter, compared to analysts' expectations of $199.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. As a group, research analysts forecast that Hudson Pacific Properties will post 0.45 EPS for the current year.

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors have recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. lifted its position in Hudson Pacific Properties by 8.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 62,503 shares of the real estate investment trust's stock worth $186,000 after buying an additional 5,051 shares during the last quarter. Winslow Asset Management Inc. lifted its holdings in shares of Hudson Pacific Properties by 15.8% in the 1st quarter. Winslow Asset Management Inc. now owns 49,030 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 6,685 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Hudson Pacific Properties by 71.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 7,807 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Hudson Pacific Properties by 25.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 41,563 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 8,430 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Hudson Pacific Properties by 15.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust's stock valued at $199,000 after acquiring an additional 8,775 shares during the last quarter. 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.

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