Brokerages Set Hudson Pacific Properties, Inc. (HPP) PT at $37.58

Hudson Pacific Properties, Inc. (NYSE:HPP) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $37.58.

A number of equities research analysts recently issued reports on HPP shares. Barclays PLC lifted their target price on Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. KeyCorp reissued a “buy” rating and issued a $39.00 target price on shares of Hudson Pacific Properties in a research report on Friday, August 25th. BidaskClub lowered Hudson Pacific Properties from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) started coverage on Hudson Pacific Properties in a research report on Tuesday, September 19th. They issued a “buy” rating and a $39.00 target price on the stock. Finally, Morgan Stanley dropped their target price on Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, September 1st.

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Hudson Pacific Properties (NYSE:HPP) traded up 0.18% during trading on Wednesday, reaching $33.48. The company had a trading volume of 941,121 shares. The company has a 50 day moving average price of $33.05 and a 200 day moving average price of $33.36. Hudson Pacific Properties has a 52-week low of $31.53 and a 52-week high of $36.75. The company has a market capitalization of $5.20 billion, a PE ratio of 95.11 and a beta of 0.75.

Hudson Pacific Properties (NYSE:HPP) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. The business had revenue of $166.85 million for the quarter, compared to analyst estimates of $175.79 million. During the same quarter last year, the firm earned $0.43 EPS. Hudson Pacific Properties’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities analysts forecast that Hudson Pacific Properties will post $0.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Monday, September 18th. Hudson Pacific Properties’s dividend payout ratio (DPR) is 277.78%.

In related news, Director Jonathan M. Glaser purchased 5,000 shares of the stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $31.98 per share, with a total value of $159,900.00. Following the transaction, the director now directly owns 132,405 shares of the company’s stock, valued at $4,234,311.90. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan M. Glaser purchased 15,000 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $31.78 per share, for a total transaction of $476,700.00. Following the transaction, the director now directly owns 132,405 shares in the company, valued at $4,207,830.90. The disclosure for this purchase can be found here. Insiders have acquired a total of 25,000 shares of company stock worth $797,600 in the last ninety days. Insiders own 0.33% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Teacher Retirement System of Texas increased its position in shares of Hudson Pacific Properties by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,333 shares of the real estate investment trust’s stock worth $422,000 after purchasing an additional 162 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Hudson Pacific Properties by 1.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 17,932 shares of the real estate investment trust’s stock worth $613,000 after purchasing an additional 336 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Hudson Pacific Properties by 0.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 150,264 shares of the real estate investment trust’s stock worth $5,138,000 after purchasing an additional 590 shares during the last quarter. Amalgamated Bank increased its position in shares of Hudson Pacific Properties by 5.3% during the 1st quarter. Amalgamated Bank now owns 14,200 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 716 shares during the last quarter. Finally, GAM Holding AG increased its position in shares of Hudson Pacific Properties by 7.2% during the 2nd quarter. GAM Holding AG now owns 13,329 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 896 shares during the last quarter.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.

Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

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