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

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) has earned a consensus recommendation of "Reduce" from the eleven analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.08.

Several brokerages have commented on HPP. Mizuho dropped their price target on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group cut their target price on Hudson Pacific Properties from $3.70 to $3.00 and set a "hold" rating on the stock in a research note on Thursday, January 2nd. Finally, Piper Sandler decreased their price target on Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating for the company in a research note on Friday, November 15th.

Hudson Pacific Properties Stock Performance

NYSE HPP traded down $0.01 during trading hours on Friday, hitting $3.16. The company had a trading volume of 3,095,976 shares, compared to its average volume of 2,739,143. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The firm has a market cap of $445.58 million, a P/E ratio of -1.51 and a beta of 1.30. Hudson Pacific Properties has a fifty-two week low of $2.39 and a fifty-two week high of $8.99. The business has a fifty day simple moving average of $3.16 and a 200-day simple moving average of $4.29.

Insider Buying and Selling

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $3.53 per share, for a total transaction of $176,500.00. Following the completion of the acquisition, the chief executive officer now owns 437,451 shares of the company's stock, valued at approximately $1,544,202.03. This represents a 12.90 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in shares of Hudson Pacific Properties by 282.7% in the 2nd quarter. Millennium Management LLC now owns 1,786,692 shares of the real estate investment trust's stock worth $8,594,000 after acquiring an additional 1,319,869 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Hudson Pacific Properties by 450.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,066,056 shares of the real estate investment trust's stock worth $5,096,000 after buying an additional 872,538 shares during the period. GSA Capital Partners LLP lifted its stake in Hudson Pacific Properties by 1,822.5% during the third quarter. GSA Capital Partners LLP now owns 760,086 shares of the real estate investment trust's stock valued at $3,633,000 after buying an additional 720,549 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hudson Pacific Properties by 13.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,209,577 shares of the real estate investment trust's stock worth $24,902,000 after buying an additional 630,932 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Hudson Pacific Properties by 1,132.6% in the second quarter. Marshall Wace LLP now owns 363,048 shares of the real estate investment trust's stock worth $1,746,000 after acquiring an additional 333,594 shares in the last quarter. Institutional investors and hedge funds own 97.58% of the company's stock.

Hudson Pacific Properties Company Profile

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.