Hudson Pacific Properties, Inc. (NYSE:HPP) Receives Consensus Rating of "Reduce" from Analysts

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) have received an average rating of "Reduce" from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.49.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their target price on Hudson Pacific Properties from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Wednesday, September 11th. Jefferies Financial Group downgraded shares of Hudson Pacific Properties from a "buy" rating to a "hold" rating and lowered their price objective for the company from $5.50 to $5.00 in a report on Tuesday, November 12th. Finally, Piper Sandler cut their price objective on shares of Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating on the stock in a research report on Friday, November 15th.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman acquired 50,000 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the purchase, the chief executive officer now directly owns 487,451 shares of the company's stock, valued at approximately $1,398,984.37. This represents a 11.43 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.95% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HPP. Bank of New York Mellon Corp increased its holdings in shares of Hudson Pacific Properties by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 1,290,803 shares of the real estate investment trust's stock valued at $6,209,000 after purchasing an additional 43,728 shares during the last quarter. Wolverine Asset Management LLC grew its stake in Hudson Pacific Properties by 6.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 404,949 shares of the real estate investment trust's stock valued at $1,948,000 after buying an additional 24,235 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Hudson Pacific Properties by 37.3% in the 2nd quarter. Victory Capital Management Inc. now owns 110,566 shares of the real estate investment trust's stock valued at $532,000 after acquiring an additional 30,058 shares during the period. Davis Selected Advisers lifted its position in Hudson Pacific Properties by 78.0% during the second quarter. Davis Selected Advisers now owns 1,224,493 shares of the real estate investment trust's stock worth $5,890,000 after acquiring an additional 536,540 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in Hudson Pacific Properties by 28.8% during the second quarter. Texas Permanent School Fund Corp now owns 142,802 shares of the real estate investment trust's stock worth $687,000 after acquiring an additional 31,939 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Stock Up 4.8 %

Shares of HPP traded up $0.14 during midday trading on Wednesday, hitting $3.03. The stock had a trading volume of 5,393,285 shares, compared to its average volume of 3,729,505. The firm has a market cap of $427.93 million, a price-to-earnings ratio of -1.45 and a beta of 1.27. The company has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $4.53. Hudson Pacific Properties has a twelve month low of $2.39 and a twelve month high of $9.85. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26.

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.