Brokerages Set Hudson Pacific Properties, Inc. (NYSE:HPP) PT at $15.62

Shares of Hudson Pacific Properties, Inc. (NYSE:HPP) have received an average rating of “Hold” from the fifteen brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $15.6154.

HPP has been the subject of a number of analyst reports. New Street Research set a $16.80 price target on Hudson Pacific Properties in a report on Monday, October 13th. BTIG Research set a $26.00 price objective on Hudson Pacific Properties and gave the stock a “buy” rating in a report on Friday, January 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Hudson Pacific Properties in a research note on Monday, December 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $13.00 price target on shares of Hudson Pacific Properties in a research report on Monday, January 5th. Finally, Wells Fargo & Company set a $2.60 price target on shares of Hudson Pacific Properties in a report on Tuesday, November 25th.

Hudson Pacific Properties Stock Up 3.9%

HPP stock opened at $8.16 on Thursday. The stock has a fifty day moving average of $10.58 and a 200-day moving average of $15.23. Hudson Pacific Properties has a fifty-two week low of $7.72 and a fifty-two week high of $23.52. The company has a market capitalization of $442.25 million, a price-to-earnings ratio of -0.48 and a beta of 1.49. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.78 and a current ratio of 1.78.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $186.62 million during the quarter, compared to analyst estimates of $186.05 million. Hudson Pacific Properties had a negative net margin of 59.61% and a negative return on equity of 16.24%. As a group, equities research analysts predict that Hudson Pacific Properties will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Inscription Capital LLC purchased a new position in shares of Hudson Pacific Properties during the 4th quarter valued at $273,000. Pensionfund Sabic bought a new stake in Hudson Pacific Properties during the fourth quarter valued at $59,000. Pensionfund PDN purchased a new position in Hudson Pacific Properties during the fourth quarter worth about $131,000. JPMorgan Chase & Co. increased its stake in Hudson Pacific Properties by 38.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,320,823 shares of the real estate investment trust’s stock worth $11,925,000 after acquiring an additional 1,192,974 shares during the last quarter. Finally, Hudson Bay Capital Management LP increased its stake in Hudson Pacific Properties by 1.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 6,987,635 shares of the real estate investment trust’s stock worth $19,286,000 after acquiring an additional 68,089 shares during the last quarter. 97.58% of the stock is owned by institutional investors.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a self-managed real estate investment trust focused on the acquisition, development and management of high-quality office and studio properties. The company’s portfolio spans strategic West Coast markets in the United States and key markets in Canada, providing space for technology, media and creative companies as well as major film and television producers. As an owner and operator of both traditional office buildings and specialized production facilities, Hudson Pacific seeks to deliver stable income through long-term leases and strategic property enhancements.

In its office segment, Hudson Pacific targets markets with strong job growth and limited supply, including Los Angeles, Silicon Valley, San Diego and Seattle, as well as Vancouver, British Columbia.