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

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) has received an average recommendation of "Hold" from the ten analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $3.32.

HPP has been the subject of several research reports. The Goldman Sachs Group cut their price objective on Hudson Pacific Properties from $3.90 to $3.40 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Morgan Stanley reissued an "underweight" rating on shares of Hudson Pacific Properties in a research note on Tuesday. Jefferies Financial Group started coverage on shares of Hudson Pacific Properties in a research note on Monday, March 17th. They set a "hold" rating and a $2.70 target price on the stock. BMO Capital Markets raised shares of Hudson Pacific Properties from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $4.00 to $5.00 in a research note on Friday, March 28th. Finally, Mizuho lowered 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 report on Tuesday, January 7th.

Hudson Pacific Properties Price Performance

Shares of HPP stock traded up $0.07 during trading hours on Friday, hitting $2.32. 93,975 shares of the company's stock were exchanged, compared to its average volume of 2,867,011. The firm has a 50 day moving average of $2.84 and a two-hundred day moving average of $3.36. Hudson Pacific Properties has a fifty-two week low of $2.00 and a fifty-two week high of $6.28. The firm has a market cap of $327.23 million, a P/E ratio of -0.90 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $209.67 million for the quarter, compared to the consensus estimate of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. Sell-side analysts forecast that Hudson Pacific Properties will post 0.45 EPS for the current year.

Institutional Trading of Hudson Pacific Properties

Several hedge funds have recently made changes to their positions in HPP. Balyasny Asset Management L.P. lifted its holdings in Hudson Pacific Properties by 265.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 10,054,067 shares of the real estate investment trust's stock valued at $30,464,000 after acquiring an additional 7,303,472 shares during the last quarter. Millennium Management LLC raised its position in Hudson Pacific Properties by 303.5% in the fourth quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust's stock valued at $22,374,000 after purchasing an additional 5,554,444 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Hudson Pacific Properties by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,668,360 shares of the real estate investment trust's stock valued at $17,175,000 after purchasing an additional 458,783 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Hudson Pacific Properties by 0.5% during the 4th quarter. Legal & General Group Plc now owns 4,008,936 shares of the real estate investment trust's stock worth $12,147,000 after purchasing an additional 21,320 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Hudson Pacific Properties by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 3,488,285 shares of the real estate investment trust's stock worth $10,572,000 after purchasing an additional 61,868 shares during the last quarter. Hedge funds and other institutional investors 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.