BMO Capital Markets Upgrades Hudson Pacific Properties (NYSE:HPP) to Outperform

BMO Capital Markets upgraded shares of Hudson Pacific Properties (NYSE:HPP - Free Report) from a market perform rating to an outperform rating in a report issued on Friday, MarketBeat Ratings reports. They currently have $5.00 price objective on the real estate investment trust's stock, up from their previous price objective of $4.00.

A number of other research analysts have also commented on the company. Wells Fargo & Company raised Hudson Pacific Properties from an "equal weight" rating to an "overweight" rating and set a $4.00 price objective on the stock in a report on Monday, March 10th. Jefferies Financial Group initiated coverage on Hudson Pacific Properties in a report on Monday, March 17th. They set a "hold" rating and a $2.70 price target on the stock. The Goldman Sachs Group reduced their price objective on shares of 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 lowered their target price on shares of Hudson Pacific Properties from $2.40 to $2.25 and set an "underweight" rating on the stock in a research note on Tuesday, March 18th. Finally, Mizuho dropped their target price on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $3.43.

Hudson Pacific Properties Stock Up 1.2 %

HPP traded up $0.04 during midday trading on Friday, hitting $2.99. 1,102,738 shares of the company's stock traded hands, compared to its average volume of 2,767,742. 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 company has a market cap of $421.94 million, a PE ratio of -1.16 and a beta of 1.31. The stock's fifty day simple moving average is $3.02 and its 200-day simple moving average is $3.57. Hudson Pacific Properties has a one year low of $2.39 and a one year 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 earnings per share for the quarter, beating analysts' consensus estimates 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%. As a group, equities analysts anticipate that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Pacific Properties

A number of institutional investors have recently added to or reduced their stakes in HPP. Balyasny Asset Management L.P. increased its position in shares of Hudson Pacific Properties by 265.5% during 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 purchasing an additional 7,303,472 shares during the period. Millennium Management LLC boosted its stake in Hudson Pacific Properties by 303.5% during the fourth quarter. Millennium Management LLC now owns 7,384,275 shares of the real estate investment trust's stock worth $22,374,000 after buying an additional 5,554,444 shares in the last quarter. Marshall Wace LLP increased its holdings in Hudson Pacific Properties by 853.2% in the 4th quarter. Marshall Wace LLP now owns 1,844,926 shares of the real estate investment trust's stock valued at $5,590,000 after buying an additional 1,651,382 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of Hudson Pacific Properties by 95.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,605,516 shares of the real estate investment trust's stock valued at $7,895,000 after buying an additional 1,275,236 shares in the last quarter. Finally, Davis Selected Advisers lifted its holdings in shares of Hudson Pacific Properties by 88.0% during the 4th quarter. Davis Selected Advisers now owns 2,280,963 shares of the real estate investment trust's stock worth $6,911,000 after acquiring an additional 1,067,940 shares during the period. 97.58% of the stock is 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.