Hudson Pacific Properties (NYSE:HPP) Price Target Cut to $3.00 by Analysts at Mizuho

Hudson Pacific Properties (NYSE:HPP) had its target price reduced by Mizuho from $5.00 to $3.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other brokerages have also recently weighed in on HPP. Piper Sandler reduced their price target on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating for the company in a research report on Friday, November 15th. Wells Fargo & Company reduced their target price on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating for the company in a report on Wednesday, September 11th. Finally, Jefferies Financial Group lowered their price target on Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, Hudson Pacific Properties currently has a consensus rating of “Hold” and a consensus price target of $5.08.

Hudson Pacific Properties Stock Down 1.5 %

Hudson Pacific Properties stock opened at $2.71 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties has a 1-year low of $2.39 and a 1-year high of $9.44. The firm’s fifty day simple moving average is $3.47 and its 200-day simple moving average is $4.45. The company has a market capitalization of $382.74 million, a P/E ratio of -1.30 and a beta of 1.30.

Insider Activity at Hudson Pacific Properties

In other news, CEO Victor J. Coleman acquired 50,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the transaction, the chief executive officer now owns 487,451 shares in the company, valued at approximately $1,398,984.37. This trade represents a 11.43 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.95% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HPP. Barclays PLC raised its position in Hudson Pacific Properties by 120.9% in the third quarter. Barclays PLC now owns 244,222 shares of the real estate investment trust’s stock worth $1,168,000 after purchasing an additional 133,673 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hudson Pacific Properties by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust’s stock worth $16,381,000 after buying an additional 154,101 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Hudson Pacific Properties by 11.7% during the 3rd 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 buying an additional 22,167 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake 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 buying an additional 22,300 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Hudson Pacific Properties in the third quarter valued at $592,000. 97.58% of the stock is owned by 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.