Hudson Pacific Properties (NYSE:HPP) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Wednesday.
A number of other research analysts have also recently weighed in on HPP. Zacks Investment Research upgraded Hudson Pacific Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Robert W. Baird raised their price target on Hudson Pacific Properties to $34.00 and gave the company an “outperform” rating in a research report on Monday, May 7th. Sandler O’Neill restated a “hold” rating and issued a $33.00 price target on shares of Hudson Pacific Properties in a research report on Friday, February 23rd. Wells Fargo & Co upgraded Hudson Pacific Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Friday, February 23rd. Finally, Mizuho restated a “hold” rating and issued a $32.00 price target on shares of Hudson Pacific Properties in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Hudson Pacific Properties presently has an average rating of “Hold” and an average target price of $36.44.
Hudson Pacific Properties opened at $34.22 on Wednesday, Marketbeat.com reports. Hudson Pacific Properties has a one year low of $28.25 and a one year high of $36.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 3.25 and a beta of 0.67.
Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.15). Hudson Pacific Properties had a net margin of 13.47% and a return on equity of 2.44%. The business had revenue of $174.12 million during the quarter, compared to analyst estimates of $173.65 million. During the same period last year, the business posted $0.48 EPS. Hudson Pacific Properties’s revenue was up 3.5% compared to the same quarter last year. analysts predict that Hudson Pacific Properties will post 1.91 earnings per share for the current year.
In related news, insider Harout Krikor Diramerian sold 10,000 shares of Hudson Pacific Properties stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $34.97, for a total transaction of $349,700.00. Following the completion of the sale, the insider now owns 60,828 shares in the company, valued at approximately $2,127,155.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.93% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. American International Group Inc. purchased a new stake in Hudson Pacific Properties during the 4th quarter worth about $113,000. MANA Advisors LLC purchased a new stake in Hudson Pacific Properties during the 4th quarter worth about $280,000. Creative Planning purchased a new stake in Hudson Pacific Properties during the 4th quarter worth about $317,000. Xact Kapitalforvaltning AB purchased a new stake in Hudson Pacific Properties in the 4th quarter valued at about $353,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in Hudson Pacific Properties in the 1st quarter valued at about $390,000.
Hudson Pacific Properties Company Profile
Hudson Pacific Properties is a vertically integrated real estate Company focused on acquiring, repositioning, developing and operating high-quality office and state-of-the-art studio properties in select West Coast markets. Hudson Pacific invests across the risk-return spectrum, favoring opportunities where it can employ leasing, capital investment and management expertise to create additional value.
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