Jefferies Financial Group Cuts Hudson Pacific Properties (NYSE:HPP) Price Target to $3.00

Hudson Pacific Properties (NYSE:HPP - Free Report) had its price objective trimmed by Jefferies Financial Group from $3.70 to $3.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the real estate investment trust's stock.

Other equities analysts have also recently issued research reports about the company. Piper Sandler decreased their price objective on Hudson Pacific Properties from $5.00 to $4.50 and set a "neutral" rating for the company in a report on Friday, November 15th. Wells Fargo & Company reduced their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an "equal weight" rating for the company in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.29.

Hudson Pacific Properties Stock Performance

NYSE:HPP traded down $0.17 during mid-day trading on Thursday, hitting $2.86. The company's stock had a trading volume of 2,859,511 shares, compared to its average volume of 3,729,505. Hudson Pacific Properties has a 1 year low of $2.39 and a 1 year high of $9.84. 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 market cap of $403.92 million, a price-to-earnings ratio of -1.37 and a beta of 1.27. The business's fifty day moving average is $3.60 and its two-hundred day moving average is $4.51.

Insider Activity

In other news, CEO Victor J. Coleman acquired 50,000 shares of Hudson Pacific Properties stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of $3.53 per share, with a total value of $176,500.00. Following the purchase, the chief executive officer now owns 437,451 shares in the company, valued at $1,544,202.03. This trade represents a 12.90 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.95% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its holdings in shares of Hudson Pacific Properties by 120.9% during the 3rd quarter. Barclays PLC now owns 244,222 shares of the real estate investment trust's stock worth $1,168,000 after acquiring an additional 133,673 shares during the period. Geode Capital Management LLC increased its position in Hudson Pacific Properties by 4.7% during the third quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust's stock worth $16,381,000 after purchasing an additional 154,101 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Hudson Pacific Properties by 11.7% during the third quarter. Public Employees Retirement System of Ohio now owns 212,406 shares of the real estate investment trust's stock worth $1,015,000 after purchasing an additional 22,167 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Hudson Pacific Properties by 13.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 185,000 shares of the real estate investment trust's stock valued at $884,000 after purchasing an additional 22,300 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Hudson Pacific Properties in the 3rd quarter valued at approximately $592,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.

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.