Hudson Pacific Properties (HPP) Lowered to C at TheStreet

TheStreet lowered shares of Hudson Pacific Properties (NYSE:HPP) from a b rating to a c rating in a report published on Friday morning, TheStreetRatingsTable reports.

A number of other research analysts have also weighed in on the company. Sandler O’Neill raised Hudson Pacific Properties from a hold rating to a buy rating in a research note on Friday, February 15th. Robert W. Baird raised Hudson Pacific Properties from a neutral rating to an outperform rating in a research note on Tuesday, January 8th. Goldman Sachs Group raised Hudson Pacific Properties from a neutral rating to a buy rating and increased their price target for the stock from $37.00 to $40.00 in a research note on Monday, March 11th. Finally, Zacks Investment Research lowered Hudson Pacific Properties from a hold rating to a sell rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Hudson Pacific Properties presently has a consensus rating of Buy and a consensus target price of $38.67.

Shares of Hudson Pacific Properties stock opened at $35.34 on Friday. Hudson Pacific Properties has a fifty-two week low of $27.12 and a fifty-two week high of $36.06. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 2.97 and a beta of 0.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.28 and a current ratio of 1.28.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. Hudson Pacific Properties had a return on equity of 0.32% and a net margin of 1.68%. The company had revenue of $197.39 million for the quarter, compared to analyst estimates of $194.62 million. During the same quarter in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Analysts expect that Hudson Pacific Properties will post 2 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of Hudson Pacific Properties by 0.8% in the 1st quarter. State of Alaska Department of Revenue now owns 67,812 shares of the real estate investment trust’s stock worth $2,331,000 after buying an additional 532 shares during the period. Utah Retirement Systems raised its position in shares of Hudson Pacific Properties by 1.9% in the 4th quarter. Utah Retirement Systems now owns 32,965 shares of the real estate investment trust’s stock worth $958,000 after buying an additional 600 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Hudson Pacific Properties by 0.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 152,761 shares of the real estate investment trust’s stock worth $5,258,000 after buying an additional 600 shares during the period. Eaton Vance Management raised its position in shares of Hudson Pacific Properties by 3.5% in the 4th quarter. Eaton Vance Management now owns 21,416 shares of the real estate investment trust’s stock worth $622,000 after buying an additional 728 shares during the period. Finally, Eagle Asset Management Inc. raised its position in shares of Hudson Pacific Properties by 0.6% in the 4th quarter. Eagle Asset Management Inc. now owns 136,509 shares of the real estate investment trust’s stock worth $3,966,000 after buying an additional 810 shares during the period.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.

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Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

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