Shares of Hudson Pacific Properties Inc (NYSE:HPP) have earned an average rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $38.00.
A number of equities research analysts have issued reports on HPP shares. Zacks Investment Research raised Hudson Pacific Properties from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Wednesday, July 18th. Mizuho reissued a “hold” rating and set a $34.00 price target on shares of Hudson Pacific Properties in a research report on Monday, August 6th. Robert W. Baird downgraded Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Tuesday, August 21st. Scotiabank started coverage on Hudson Pacific Properties in a research report on Tuesday, October 16th. They set an “outperform” rating for the company. Finally, TheStreet downgraded Hudson Pacific Properties from a “b” rating to a “c+” rating in a research report on Wednesday, August 8th.
In other news, Director Jonathan M. Glaser purchased 6,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was purchased at an average price of $32.97 per share, with a total value of $197,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher James Barton sold 20,166 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $33.02, for a total value of $665,881.32. The disclosure for this sale can be found here. 1.93% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of HPP. Cbre Clarion Securities LLC boosted its position in shares of Hudson Pacific Properties by 167.9% in the second quarter. Cbre Clarion Securities LLC now owns 4,568,180 shares of the real estate investment trust’s stock worth $161,851,000 after buying an additional 2,862,705 shares during the period. American Century Companies Inc. purchased a new stake in shares of Hudson Pacific Properties in the second quarter worth about $36,726,000. Citadel Advisors LLC boosted its position in shares of Hudson Pacific Properties by 104.1% in the second quarter. Citadel Advisors LLC now owns 1,706,962 shares of the real estate investment trust’s stock worth $60,478,000 after buying an additional 870,665 shares during the period. Renaissance Technologies LLC boosted its position in shares of Hudson Pacific Properties by 162.1% in the second quarter. Renaissance Technologies LLC now owns 1,105,900 shares of the real estate investment trust’s stock worth $39,182,000 after buying an additional 683,900 shares during the period. Finally, Glenmede Trust Co. NA boosted its position in shares of Hudson Pacific Properties by 27.9% in the second quarter. Glenmede Trust Co. NA now owns 2,103,719 shares of the real estate investment trust’s stock worth $74,535,000 after buying an additional 458,568 shares during the period.
Hudson Pacific Properties stock traded up $0.14 during trading on Friday, hitting $30.33. The company’s stock had a trading volume of 231,605 shares, compared to its average volume of 1,015,626. The firm has a market capitalization of $4.67 billion, a P/E ratio of 15.24, a PEG ratio of 2.81 and a beta of 0.67. Hudson Pacific Properties has a 1-year low of $28.25 and a 1-year high of $36.06. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.60.
Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.36). The business had revenue of $180.70 million during the quarter, compared to analyst estimates of $175.92 million. Hudson Pacific Properties had a net margin of 15.99% and a return on equity of 2.93%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. As a group, equities analysts predict that Hudson Pacific Properties will post 1.85 EPS for the current year.
About Hudson Pacific Properties
Hudson Pacific Properties, Inc is areal estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Media & Entertainment Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.
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