Shares of Hudson Pacific Properties Inc (NYSE:HPP) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $37.33.
HPP has been the topic of several research reports. KeyCorp reissued a “buy” rating on shares of Hudson Pacific Properties in a research report on Tuesday, September 26th. Goldman Sachs Group assumed coverage on Hudson Pacific Properties in a research report on Tuesday, September 19th. They issued a “buy” rating and a $39.00 target price on the stock. Finally, Zacks Investment Research raised Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 6th.
In other news, EVP Sanford Dale Shimoda sold 2,800 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.68, for a total transaction of $99,904.00. Following the transaction, the executive vice president now directly owns 83,072 shares of the company’s stock, valued at approximately $2,964,008.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard B. Fried sold 17,417 shares of Hudson Pacific Properties stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total value of $603,673.22. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of HPP. Citadel Advisors LLC lifted its position in shares of Hudson Pacific Properties by 468.9% during the 3rd quarter. Citadel Advisors LLC now owns 2,576,552 shares of the real estate investment trust’s stock valued at $86,392,000 after buying an additional 2,123,642 shares in the last quarter. Balyasny Asset Management LLC lifted its position in shares of Hudson Pacific Properties by 5,293.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,402,201 shares of the real estate investment trust’s stock valued at $47,941,000 after buying an additional 1,376,201 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Hudson Pacific Properties by 162.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,174,369 shares of the real estate investment trust’s stock valued at $72,907,000 after buying an additional 1,344,969 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Hudson Pacific Properties by 13.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,125,974 shares of the real estate investment trust’s stock worth $205,403,000 after purchasing an additional 734,232 shares in the last quarter. Finally, Cbre Clarion Securities LLC lifted its holdings in Hudson Pacific Properties by 14.1% in the 2nd quarter. Cbre Clarion Securities LLC now owns 5,416,970 shares of the real estate investment trust’s stock worth $185,206,000 after purchasing an additional 668,985 shares in the last quarter. 99.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hudson Pacific Properties (NYSE HPP) traded up $0.06 during trading hours on Monday, reaching $33.40. The company’s stock had a trading volume of 781,951 shares, compared to its average volume of 713,694. The stock has a market capitalization of $5,221.79, a PE ratio of 81.46, a price-to-earnings-growth ratio of 2.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32. Hudson Pacific Properties has a fifty-two week low of $31.52 and a fifty-two week high of $36.75.
Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $190.02 million for the quarter, compared to analysts’ expectations of $183.37 million. Hudson Pacific Properties had a return on equity of 1.58% and a net margin of 8.98%. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. equities analysts forecast that Hudson Pacific Properties will post 1.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Monday, December 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.99%. Hudson Pacific Properties’s payout ratio is currently 243.90%.
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About Hudson Pacific Properties
Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.
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