Equities researchers at Morgan Stanley (NYSE: MS) lifted their target price on shares of Hudson Pacific Properties (NYSE: HPP) from $15.00 to $16.00 in a report issued on Wednesday.
The analysts wrote, “HPP has a greater value-added bent than before, which could add incremental annual NOI of >$15M over time. Highlights below. In multiple cases, results are subject to a greater degree of uncertainty given the time required to redevelop and reposition these assets.”
Hudson Pacific Properties traded down 1.60% on Wednesday, hitting $15.36. Hudson Pacific Properties has a 52-week low of $10.58 and a 52-week high of $16.48. The company’s market cap is $519.8 million.
Separately, analysts at Ladenburg Thalmann initiated coverage on shares of Hudson Pacific Properties in a research note to investors on Tuesday, April 17th. They set a “neutral” rating and a $16.00 price target on the stock.
Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring high-quality office properties in select growth markets primarily in Northern and Southern California.
