Hudson Pacific Properties (NYSE:HPP) Reaches New 12-Month Low - Time to Sell?

Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $4.11 and last traded at $4.25, with a volume of 217136 shares. The stock had previously closed at $4.11.

Analyst Ratings Changes

Several brokerages have recently weighed in on HPP. The Goldman Sachs Group decreased their price target on shares of Hudson Pacific Properties from $6.50 to $4.70 and set a "neutral" rating for the company in a research note on Wednesday, August 14th. Piper Sandler cut shares of Hudson Pacific Properties from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $7.00 to $6.00 in a research note on Thursday, August 8th. Morgan Stanley cut shares of Hudson Pacific Properties from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $6.00 to $4.25 in a research note on Wednesday, July 10th. Wells Fargo & Company decreased their price target on shares of Hudson Pacific Properties from $5.00 to $4.50 and set an "equal weight" rating for the company in a research note on Wednesday, September 11th. Finally, BMO Capital Markets cut shares of Hudson Pacific Properties from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $8.00 to $6.00 in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.94.

Hudson Pacific Properties Stock Performance

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 stock has a market cap of $600.24 million, a price-to-earnings ratio of -2.63 and a beta of 1.31. The company has a 50 day simple moving average of $4.78 and a 200 day simple moving average of $5.05.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.50). The company had revenue of $218.00 million during the quarter, compared to the consensus estimate of $216.08 million. Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. The business's revenue was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. As a group, equities research analysts forecast that Hudson Pacific Properties, Inc. will post 0.57 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Hudson Pacific Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. 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 position in shares of Hudson Pacific Properties during the 3rd quarter valued at about $44,000. Key Client Fiduciary Advisors LLC purchased a new position in shares of Hudson Pacific Properties during the 2nd quarter valued at about $53,000. Regent Peak Wealth Advisors LLC purchased a new position in shares of Hudson Pacific Properties during the 3rd quarter valued at about $85,000. Finally, NorthRock Partners LLC purchased a new position in Hudson Pacific Properties in the 1st quarter worth approximately $104,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

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.