Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) has been assigned a consensus rating of "Reduce" from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3.54.
Several research firms have issued reports on HPP. Morgan Stanley cut their price target on Hudson Pacific Properties from $2.40 to $2.25 and set an "underweight" rating for the company in a report on Tuesday. Jefferies Financial Group started coverage on Hudson Pacific Properties in a research note on Monday. They set a "hold" rating and a $2.70 price objective for the company. Scotiabank decreased their target price on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 18th. The Goldman Sachs Group lowered their price target on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, Piper Sandler reduced their price objective on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a "neutral" rating for the company in a research note on Monday, February 24th.
Check Out Our Latest Stock Analysis on HPP
Hudson Pacific Properties Stock Performance
Shares of NYSE:HPP traded up $0.07 during trading on Monday, hitting $3.04. The company's stock had a trading volume of 56,639 shares, compared to its average volume of 2,737,306. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $429.01 million, a price-to-earnings ratio of -1.18 and a beta of 1.31. The company has a 50-day moving average of $3.00 and a 200-day moving average of $3.70. Hudson Pacific Properties has a 12 month low of $2.39 and a 12 month high of $6.82.
Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The business had revenue of $209.67 million for the quarter, compared to the consensus estimate of $207.95 million. On average, sell-side analysts expect that Hudson Pacific Properties will post 0.45 earnings per share for the current year.
Hedge Funds Weigh In On Hudson Pacific Properties
A number of hedge funds and other institutional investors have recently modified their holdings of HPP. GeoWealth Management LLC purchased a new stake in Hudson Pacific Properties in the 4th quarter worth $27,000. Xponance Inc. bought a new stake in shares of Hudson Pacific Properties in the fourth quarter worth about $30,000. Stifel Financial Corp bought a new stake in shares of Hudson Pacific Properties in the third quarter worth about $48,000. Opinicus Capital Inc. purchased a new stake in shares of Hudson Pacific Properties in the fourth quarter worth about $32,000. Finally, Cibc World Markets Corp bought a new position in Hudson Pacific Properties during the fourth quarter valued at approximately $39,000. Institutional investors own 97.58% of the company's stock.
Hudson Pacific Properties Company Profile
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Get Free ReportHudson 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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