Hudson Pacific Properties (NYSE:HPP) Stock Price Down 4.7% - Should You Sell?

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP - Get Free Report) traded down 4.7% on Friday . The company traded as low as $4.43 and last traded at $4.43. 586,408 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 2,382,333 shares. The stock had previously closed at $4.65.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HPP shares. The Goldman Sachs Group decreased their target price on Hudson Pacific Properties from $6.50 to $4.70 and set a "neutral" rating for the company in a report on Wednesday, August 14th. Wells Fargo & Company cut their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Wednesday, September 11th. Bank of America lowered their price objective on Hudson Pacific Properties from $4.50 to $4.00 and set an "underperform" rating for the company in a research report on Thursday, August 22nd. Scotiabank cut their target price on Hudson Pacific Properties from $7.00 to $6.00 and set a "sector perform" rating on the stock in a research report on Monday, August 26th. Finally, BMO Capital Markets downgraded Hudson Pacific Properties from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $8.00 to $6.00 in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.94.

Hudson Pacific Properties Stock Down 5.7 %

The business's fifty day moving average price is $4.87 and its 200 day moving average price is $5.12. The firm has a market capitalization of $618.92 million, a price-to-earnings ratio of -2.74 and a beta of 1.31. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.41.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.33) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.50). Hudson Pacific Properties had a negative net margin of 25.42% and a negative return on equity of 7.41%. The business had revenue of $218.00 million during the quarter, compared to analyst estimates of $216.08 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The company's revenue for the quarter was down 11.1% compared to the same quarter last year. On average, equities analysts expect that Hudson Pacific Properties, Inc. will post 0.57 EPS for the current year.

Insiders Place Their Bets

In other news, COO Andy Wattula sold 9,356 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the transaction, the chief operating officer now owns 61,068 shares of the company's stock, valued at approximately $322,439.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of Hudson Pacific Properties stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $5.28, for a total value of $49,399.68. Following the sale, the chief operating officer now owns 61,068 shares of the company's stock, valued at approximately $322,439.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan M. Glaser sold 9,287 shares of the business's stock in a transaction that occurred 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 owns 3,713 shares in the company, valued at $19,307.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.95% of the stock is owned by insiders.

Institutional Investors Weigh In On Hudson Pacific Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted 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 acquiring an additional 5,013 shares during the period. Key Client Fiduciary Advisors LLC purchased a new position in Hudson Pacific Properties in the 2nd quarter valued at approximately $53,000. Regent Peak Wealth Advisors LLC acquired a new position in Hudson Pacific Properties during the third quarter worth $85,000. NorthRock Partners LLC purchased a new stake in Hudson Pacific Properties during the first quarter worth $104,000. Finally, Shell Asset Management Co. acquired a new stake in Hudson Pacific Properties in the first quarter valued at $107,000. Institutional investors and hedge funds 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.