Hudson Pacific Properties, Inc. (NYSE:HPP) Receives Average Recommendation of “Reduce” from Brokerages

Hudson Pacific Properties, Inc. (NYSE:HPP) has been assigned a consensus recommendation of “Reduce” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.54.

Several equities research analysts have weighed in on the company. Wells Fargo & Company upgraded Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price objective for the company in a report on Monday, March 10th. Scotiabank dropped their price objective on 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. Mizuho lowered their target price on Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley lowered their target price on Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Piper Sandler lowered their target price on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a research note on Monday, February 24th.

Hudson Pacific Properties Trading Down 2.5 %

NYSE HPP opened at $2.93 on Monday. Hudson Pacific Properties has a fifty-two week low of $2.39 and a fifty-two week high of $6.82. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day simple moving average of $3.02 and a two-hundred day simple moving average of $3.67. The stock has a market cap of $413.46 million, a P/E ratio of -1.14 and a beta of 1.31.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. The business had revenue of $209.67 million during the quarter, compared to analysts’ expectations of $207.95 million. On average, analysts forecast that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GeoWealth Management LLC bought a new position in Hudson Pacific Properties during the 4th quarter valued at approximately $27,000. Xponance Inc. bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth $30,000. Opinicus Capital Inc. bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth $32,000. Cibc World Markets Corp bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth $39,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Hudson Pacific Properties in the 4th quarter worth $40,000. Institutional investors 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.