Hudson Pacific Properties (NYSE:HPP) Now Covered by Analysts at Odeon Capital Group

Stock analysts at Odeon Capital Group started coverage on shares of Hudson Pacific Properties (NYSE:HPP - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage set a "buy" rating and a $5.00 price target on the real estate investment trust's stock. Odeon Capital Group's target price points to a potential upside of 76.49% from the company's previous close.

HPP has been the subject of a number of other reports. Scotiabank cut their price target on Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a report on Tuesday, February 18th. BMO Capital Markets cut their price target on Hudson Pacific Properties from $4.00 to $3.50 and set an "outperform" rating for the company in a report on Friday, June 13th. BTIG Research set a $8.00 price target on Hudson Pacific Properties and gave the stock a "buy" rating in a report on Tuesday, May 6th. Morgan Stanley reiterated an "underweight" rating and set a $1.75 price target on shares of Hudson Pacific Properties in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group cut their price target on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Two research 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's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $3.51.

Hudson Pacific Properties Stock Up 2.6%

Shares of NYSE HPP traded up $0.07 during trading hours on Monday, hitting $2.83. The stock had a trading volume of 13,775,753 shares, compared to its average volume of 3,556,805. The company has a market capitalization of $400.56 million, a P/E ratio of -1.04 and a beta of 1.43. The firm's 50-day moving average price is $2.21 and its two-hundred day moving average price is $2.72. Hudson Pacific Properties has a 52 week low of $1.78 and a 52 week high of $6.29. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.79 and a current ratio of 1.79.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its quarterly 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 business had revenue of $198.46 million during the quarter, compared to analysts' expectations of $199.95 million. Hudson Pacific Properties had a negative return on equity of 14.12% and a negative net margin of 47.56%. Analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert L. Harris II acquired 44,843 shares of the company's stock in a transaction on Thursday, June 12th. The stock was purchased at an average cost of $2.23 per share, for a total transaction of $99,999.89. Following the completion of the purchase, the director now directly owns 174,731 shares of the company's stock, valued at $389,650.13. The trade was a 34.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Mark T. Lammas acquired 22,421 shares of the company's stock in a transaction on Thursday, June 12th. The shares were bought at an average price of $2.23 per share, with a total value of $49,998.83. Following the completion of the purchase, the president now directly owns 141,578 shares of the company's stock, valued at approximately $315,718.94. This represents a 18.82% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 1,139,007 shares of company stock worth $2,539,986 over the last three months. 4.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HPP. Balyasny Asset Management L.P. raised its stake in Hudson Pacific Properties by 265.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 10,054,067 shares of the real estate investment trust's stock worth $30,464,000 after acquiring an additional 7,303,472 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Hudson Pacific Properties by 303.5% during the fourth quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust's stock worth $22,374,000 after purchasing an additional 5,554,444 shares during the last quarter. Nuveen LLC bought a new stake in shares of Hudson Pacific Properties during the first quarter worth $10,333,000. Conversant Capital LLC bought a new stake in shares of Hudson Pacific Properties during the first quarter worth $8,019,000. Finally, Alta Fundamental Advisers LLC bought a new stake in shares of Hudson Pacific Properties during the first quarter worth $5,622,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

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.