Hudson Pacific Properties, Inc. (NYSE:HPP) Given Consensus Recommendation of “Hold” by Brokerages

Hudson Pacific Properties, Inc. (NYSE:HPP) has received a consensus rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.05.

HPP has been the subject of a number of research analyst reports. Piper Sandler decreased their price objective on shares of Hudson Pacific Properties from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. BTIG Research increased their price target on shares of Hudson Pacific Properties from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Wolfe Research raised shares of Hudson Pacific Properties from a “peer perform” rating to an “outperform” rating and set a $8.40 price objective on the stock in a report on Monday, March 18th. Wedbush downgraded shares of Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $11.00 to $7.50 in a report on Tuesday, February 20th. Finally, Jefferies Financial Group raised shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $6.00 to $12.00 in a research note on Tuesday, January 2nd.

Insider Transactions at Hudson Pacific Properties

In other news, CIO Drew Gordon sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $7.11, for a total transaction of $71,100.00. Following the completion of the sale, the executive now owns 116,694 shares in the company, valued at approximately $829,694.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CIO Drew Gordon sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $7.11, for a total transaction of $71,100.00. Following the completion of the sale, the executive now owns 116,694 shares in the company, valued at approximately $829,694.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barry A. Sholem bought 40,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average cost of $6.69 per share, for a total transaction of $267,600.00. Following the completion of the acquisition, the director now directly owns 70,176 shares in the company, valued at $469,477.44. The disclosure for this purchase can be found here. Insiders own 2.95% of the company’s stock.

Hedge Funds Weigh In On Hudson Pacific Properties

A number of institutional investors have recently modified their holdings of the business. abrdn plc increased its stake in Hudson Pacific Properties by 3,569.3% in the 3rd quarter. abrdn plc now owns 1,006,648 shares of the real estate investment trust’s stock valued at $6,694,000 after buying an additional 979,214 shares during the period. Jennison Associates LLC acquired a new position in shares of Hudson Pacific Properties during the 3rd quarter worth $820,000. FMR LLC grew its stake in shares of Hudson Pacific Properties by 6,191.3% during the 3rd quarter. FMR LLC now owns 5,393,766 shares of the real estate investment trust’s stock worth $35,869,000 after purchasing an additional 5,308,032 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Hudson Pacific Properties by 238.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 130,942 shares of the real estate investment trust’s stock worth $880,000 after buying an additional 92,304 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Hudson Pacific Properties in the 3rd quarter worth about $7,315,000. 97.58% of the stock is owned by institutional investors and hedge funds.

Hudson Pacific Properties Trading Down 4.7 %

NYSE:HPP opened at $5.67 on Friday. The company’s 50 day moving average price is $6.40 and its 200-day moving average price is $6.87. Hudson Pacific Properties has a 52 week low of $4.05 and a 52 week high of $9.85. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.31. The stock has a market cap of $800.32 million, a price-to-earnings ratio of -4.14, a PEG ratio of 0.50 and a beta of 1.30.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $223.42 million for the quarter, compared to the consensus estimate of $223.93 million. Hudson Pacific Properties had a negative net margin of 19.20% and a negative return on equity of 5.74%. The firm’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 earnings per share. On average, equities research analysts forecast that Hudson Pacific Properties will post 1.05 earnings per share for the current fiscal year.

Hudson Pacific Properties Dividend Announcement

The company also recently declared a — dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 15th. Hudson Pacific Properties’s dividend payout ratio is currently -14.60%.

Hudson Pacific Properties Company Profile

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.