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

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) has earned a consensus recommendation of "Reduce" from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $4.54.

A number of analysts recently weighed in on the company. Piper Sandler dropped their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating for the company in a research report on Friday, November 15th. Jefferies Financial Group dropped their target price on Hudson Pacific Properties from $3.70 to $3.00 and set a "hold" rating for the company in a research report on Thursday, January 2nd. Scotiabank dropped their target price on Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a research report on Tuesday. Finally, Mizuho dropped their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP traded down $0.21 during midday trading on Thursday, hitting $2.91. 2,039,509 shares of the company's stock were exchanged, compared to its average volume of 2,757,964. Hudson Pacific Properties has a 12-month low of $2.39 and a 12-month high of $7.20. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The company has a market cap of $410.27 million, a price-to-earnings ratio of -1.39 and a beta of 1.30. The business's fifty day moving average price is $2.98 and its two-hundred day moving average price is $3.97.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative return on equity of 9.64% and a negative net margin of 33.39%. The company had revenue of $209.67 million during the quarter, compared to analyst estimates of $207.95 million. As a group, research analysts forecast that Hudson Pacific Properties will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 487,451 shares in the company, valued at $1,398,984.37. The trade was a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.95% of the company's stock.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in HPP. Blue Trust Inc. raised its holdings in shares of Hudson Pacific Properties by 549.1% during the third quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 5,013 shares in the last quarter. Everence Capital Management Inc. raised its holdings in shares of Hudson Pacific Properties by 17.4% during the third quarter. Everence Capital Management Inc. now owns 27,430 shares of the real estate investment trust's stock valued at $131,000 after acquiring an additional 4,070 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Hudson Pacific Properties by 6.9% in the third quarter. Louisiana State Employees Retirement System now owns 68,200 shares of the real estate investment trust's stock worth $326,000 after purchasing an additional 4,400 shares during the period. State of Alaska Department of Revenue grew its stake in Hudson Pacific Properties by 3.9% in the third quarter. State of Alaska Department of Revenue now owns 145,331 shares of the real estate investment trust's stock worth $692,000 after purchasing an additional 5,398 shares during the period. Finally, abrdn plc grew its stake in Hudson Pacific Properties by 10.5% in the third quarter. abrdn plc now owns 28,406 shares of the real estate investment trust's stock worth $136,000 after purchasing an additional 2,710 shares during the period. Institutional investors own 97.58% of the company's stock.

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.