Hudson Pacific Properties (HPP) Stock Rating Lowered by Sandler O’Neill

Hudson Pacific Properties (NYSE:HPP) was downgraded by equities research analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research report issued on Friday. They currently have a $36.00 price target on the real estate investment trust’s stock. Sandler O’Neill’s price target would indicate a potential upside of 9.52% from the stock’s current price.

Several other equities analysts have also commented on the stock. Goldman Sachs Group lowered shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research report on Monday, November 20th. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Finally, KeyCorp reiterated a “buy” rating on shares of Hudson Pacific Properties in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $37.67.

Shares of Hudson Pacific Properties (HPP) traded down $0.53 during trading hours on Friday, hitting $32.87. 986,700 shares of the company were exchanged, compared to its average volume of 744,022. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.61. Hudson Pacific Properties has a 12-month low of $31.52 and a 12-month high of $36.75. The company has a market capitalization of $5,130.00, a price-to-earnings ratio of 84.28, a price-to-earnings-growth ratio of 2.65 and a beta of 0.79.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. Hudson Pacific Properties had a net margin of 8.98% and a return on equity of 1.58%. The firm had revenue of $190.02 million during the quarter, compared to analyst estimates of $183.37 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. Hudson Pacific Properties’s revenue for the quarter was up 15.5% on a year-over-year basis. equities research analysts anticipate that Hudson Pacific Properties will post 1.96 EPS for the current year.

In other news, insider Richard B. Fried sold 17,417 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total value of $603,673.22. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Sanford Dale Shimoda sold 2,800 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total transaction of $99,904.00. Following the completion of the sale, the executive vice president now directly owns 83,072 shares in the company, valued at approximately $2,964,008.96. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Hudson Pacific Properties by 1.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,932 shares of the real estate investment trust’s stock valued at $613,000 after acquiring an additional 336 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Hudson Pacific Properties by 2.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 75,904 shares of the real estate investment trust’s stock valued at $2,545,000 after acquiring an additional 1,582 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Hudson Pacific Properties by 27.9% in the third quarter. Advisors Asset Management Inc. now owns 11,489 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 2,509 shares during the period. Pacer Advisors Inc. raised its stake in shares of Hudson Pacific Properties by 11.6% in the third quarter. Pacer Advisors Inc. now owns 28,155 shares of the real estate investment trust’s stock valued at $944,000 after acquiring an additional 2,925 shares during the period. Finally, Comerica Bank raised its stake in shares of Hudson Pacific Properties by 37.5% in the second quarter. Comerica Bank now owns 11,464 shares of the real estate investment trust’s stock valued at $367,000 after acquiring an additional 3,124 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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About Hudson Pacific Properties

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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