Hudson Pacific Properties (NYSE:HPP - Get Free Report) had its target price lowered by research analysts at Morgan Stanley from $2.40 to $2.25 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "underweight" rating on the real estate investment trust's stock. Morgan Stanley's target price would indicate a potential downside of 23.08% from the company's current price.
HPP has been the subject of a number of other research reports. Mizuho decreased their target price on shares of 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. The Goldman Sachs Group decreased their target price on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a "neutral" rating for the company in a research 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 target for the company in a report on Monday, March 10th. Jefferies Financial Group began coverage on shares of Hudson Pacific Properties in a report on Monday, March 17th. They issued a "hold" rating and a $2.70 price target for the company. Finally, Scotiabank cut their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Hudson Pacific Properties currently has an average rating of "Hold" and an average price target of $3.54.
View Our Latest Stock Report on HPP
Hudson Pacific Properties Stock Performance
Shares of Hudson Pacific Properties stock traded down $0.08 during trading on Tuesday, hitting $2.93. 5,335,473 shares of the stock were exchanged, compared to its average volume of 2,720,574. The stock's fifty day moving average is $3.02 and its 200 day moving average is $3.66. The stock has a market cap of $413.46 million, a PE ratio of -1.14 and a beta of 1.31. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. Hudson Pacific Properties has a 12 month low of $2.39 and a 12 month high of $6.69.
Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $209.67 million during the quarter, compared to analyst estimates of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. As a group, sell-side analysts anticipate that Hudson Pacific Properties will post 0.45 EPS for the current year.
Institutional Investors Weigh In On Hudson Pacific Properties
Institutional investors have recently modified their holdings of the stock. GeoWealth Management LLC acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at $27,000. Xponance Inc. acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at $30,000. Stifel Financial Corp acquired a new stake in shares of Hudson Pacific Properties during the 3rd quarter valued at $48,000. Opinicus Capital Inc. acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at $32,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 97.58% of the company's stock.
Hudson Pacific Properties Company Profile
(
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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.
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