Hudson Pacific Properties (NYSE:HPP) Downgraded to "Hold" Rating by Jefferies Financial Group

Hudson Pacific Properties (NYSE:HPP - Get Free Report) was downgraded by research analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a $5.00 price target on the real estate investment trust's stock, down from their previous price target of $5.50. Jefferies Financial Group's price target would suggest a potential upside of 19.62% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on HPP. BMO Capital Markets cut Hudson Pacific Properties from an "outperform" rating to a "market perform" rating and cut their target price for the company from $8.00 to $6.00 in a research note on Thursday, August 8th. Wells Fargo & Company reduced their target price on Hudson Pacific Properties from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Wednesday, September 11th. Bank of America reduced their price target on Hudson Pacific Properties from $4.50 to $4.00 and set an "underperform" rating for the company in a report on Thursday, August 22nd. Piper Sandler downgraded shares of Hudson Pacific Properties from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $7.00 to $6.00 in a report on Thursday, August 8th. Finally, Wolfe Research cut Hudson Pacific Properties from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of "Hold" and an average price target of $6.30.

Hudson Pacific Properties Stock Performance

Shares of NYSE:HPP traded down $0.26 during trading on Tuesday, hitting $4.18. 2,305,338 shares of the company traded hands, compared to its average volume of 2,369,306. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.41. The business's fifty day moving average is $4.68 and its 200-day moving average is $4.99. The stock has a market capitalization of $590.35 million, a price-to-earnings ratio of -2.66 and a beta of 1.31. Hudson Pacific Properties has a one year low of $4.09 and a one year high of $9.85.

Insider Buying and Selling at Hudson Pacific Properties

In other news, COO Andy Wattula sold 9,356 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the completion of the transaction, the chief operating officer now owns 61,068 shares of the company's stock, valued at approximately $322,439.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Andy Wattula sold 9,356 shares of the business's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $5.28, for a total value of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares in the company, valued at approximately $322,439.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan M. Glaser sold 9,287 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $5.20, for a total transaction of $48,292.40. Following the sale, the director now directly owns 3,713 shares of the company's stock, valued at approximately $19,307.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.95% of the company's stock.

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of Hudson Pacific Properties by 549.1% during the 3rd quarter. Blue Trust Inc. now owns 5,926 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 5,013 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Hudson Pacific Properties during the third quarter valued at about $44,000. Key Client Fiduciary Advisors LLC purchased a new stake in Hudson Pacific Properties during the 2nd quarter valued at about $53,000. MQS Management LLC bought a new position in Hudson Pacific Properties during the 3rd quarter worth approximately $58,000. Finally, Metis Global Partners LLC bought a new stake in Hudson Pacific Properties in the third quarter valued at approximately $66,000. 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.