Hudson Pacific Properties (NYSE:HPP) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Hudson Pacific Properties (NYSE:HPP) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $2.70 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target would indicate a potential downside of 1.64% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Mizuho reduced their price target on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler cut their price target on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Scotiabank reduced their target price on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company raised Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price objective for the company in a research report on Monday, March 10th. Finally, The Goldman Sachs Group reduced their target price on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Hudson Pacific Properties currently has an average rating of “Hold” and a consensus price target of $4.23.

Hudson Pacific Properties Price Performance

Hudson Pacific Properties stock opened at $2.75 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock has a market cap of $388.01 million, a P/E ratio of -1.07 and a beta of 1.31. The company has a 50-day moving average price of $2.99 and a 200 day moving average price of $3.73. Hudson Pacific Properties has a 12-month low of $2.39 and a 12-month high of $6.82.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $209.67 million for the quarter, compared to analyst estimates of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. Sell-side analysts anticipate that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Insider Buying and Selling at Hudson Pacific Properties

In other Hudson Pacific Properties news, CEO Victor J. Coleman bought 50,000 shares of Hudson Pacific Properties stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $2.87 per share, with a total value of $143,500.00. Following the completion of the acquisition, the chief executive officer now owns 487,451 shares of the company’s stock, valued at approximately $1,398,984.37. This represents a 11.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.95% of the stock is owned by company insiders.

Institutional Trading of Hudson Pacific Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its position in Hudson Pacific Properties by 10.0% during the third quarter. Amalgamated Bank now owns 41,738 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 3,802 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Hudson Pacific Properties by 5.2% in the third quarter. Thrivent Financial for Lutherans now owns 110,760 shares of the real estate investment trust’s stock valued at $529,000 after purchasing an additional 5,448 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Hudson Pacific Properties by 16.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 46,527 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 6,704 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Hudson Pacific Properties by 71.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,674 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 7,807 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Hudson Pacific Properties by 15.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 65,672 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 8,775 shares during the period. 97.58% of the stock is owned by institutional investors and hedge funds.

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.