Analysts Set Hudson Pacific Properties, Inc. (NYSE:HPP) PT at $4.54

Hudson Pacific Properties, Inc. (NYSE:HPP) has received a consensus rating of “Reduce” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.31.

A number of analysts recently weighed in on the stock. Mizuho dropped their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Jefferies Financial Group decreased their target price on shares of Hudson Pacific Properties from $3.70 to $3.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. The Goldman Sachs Group decreased their target price on shares of Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a research report on Tuesday. Piper Sandler decreased their target price on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Monday. Finally, Scotiabank decreased their target price on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 18th.

Hudson Pacific Properties Stock Performance

Shares of HPP stock opened at $3.08 on Thursday. The firm has a market capitalization of $434.99 million, a P/E ratio of -1.20 and a beta of 1.30. Hudson Pacific Properties has a 12 month low of $2.39 and a 12 month high of $7.20. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. The company’s fifty day moving average price is $2.98 and its two-hundred day moving average price is $3.91.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS 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 company had revenue of $209.67 million during the quarter, compared to analyst estimates of $207.95 million. On average, research analysts anticipate that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Victor J. Coleman acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $2.87 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 487,451 shares of the company’s stock, valued at approximately $1,398,984.37. The trade was a 11.43 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. DigitalBridge Group Inc. acquired a new stake in Hudson Pacific Properties during the fourth quarter valued at approximately $2,199,000. Alpine Global Management LLC acquired a new stake in shares of Hudson Pacific Properties during the 4th quarter valued at $185,000. Two Sigma Advisers LP boosted its stake in shares of Hudson Pacific Properties by 98.1% during the 4th quarter. Two Sigma Advisers LP now owns 631,800 shares of the real estate investment trust’s stock valued at $1,914,000 after buying an additional 312,900 shares during the period. Two Sigma Investments LP boosted its stake in shares of Hudson Pacific Properties by 103.2% during the 4th quarter. Two Sigma Investments LP now owns 1,192,633 shares of the real estate investment trust’s stock valued at $3,614,000 after buying an additional 605,759 shares during the period. Finally, Saba Capital Management L.P. boosted its stake in shares of Hudson Pacific Properties by 105.2% during the 4th quarter. Saba Capital Management L.P. now owns 1,790,762 shares of the real estate investment trust’s stock valued at $5,426,000 after buying an additional 918,045 shares during the period. 97.58% of the stock is currently 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.