Hudson Pacific Properties (NYSE:HPP) Now Covered by Jefferies Financial Group

Equities research analysts at Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties (NYSE:HPP - Get Free Report) in a research note issued on Monday, MarketBeat.com reports. The brokerage set a "hold" rating and a $2.70 price target on the real estate investment trust's stock. Jefferies Financial Group's price target would suggest a potential downside of 9.91% from the company's previous close.

Other research analysts have also issued research reports about the company. Scotiabank cut their price objective on Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating for the company in a report on Tuesday, February 18th. Mizuho cut their price target on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group decreased their price target on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company raised shares of Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price objective for the company in a report on Monday, March 10th. Finally, Piper Sandler reduced their target price on Hudson Pacific Properties from $4.50 to $3.50 and set a "neutral" rating on the stock in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $3.54.

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Hudson Pacific Properties Price Performance

Shares of HPP traded up $0.03 during midday trading on Monday, hitting $3.00. 746,451 shares of the company traded hands, compared to its average volume of 2,692,499. Hudson Pacific Properties has a one year low of $2.39 and a one year high of $6.82. The firm has a market cap of $423.63 million, a P/E ratio of -1.17 and a beta of 1.31. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a 50-day moving average of $3.00 and a 200-day moving average of $3.70.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. GeoWealth Management LLC bought a new stake in Hudson Pacific Properties in the fourth quarter valued at approximately $27,000. Xponance Inc. purchased a new position in Hudson Pacific Properties during the 4th quarter valued at $30,000. Opinicus Capital Inc. purchased a new position in Hudson Pacific Properties during the 4th quarter valued at $32,000. Cibc World Markets Corp bought a new position in Hudson Pacific Properties in the 4th quarter worth $39,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at about $40,000. Hedge funds and other 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.