Hudson Pacific Properties, Inc. (NYSE:HPP) Given Average Rating of “Reduce” by Analysts

Hudson Pacific Properties, Inc. (NYSE:HPP) has been given an average rating of “Reduce” by the eleven analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $6.17.

Several brokerages have weighed in on HPP. Piper Sandler lowered their target price on Hudson Pacific Properties from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Wolfe Research lowered Hudson Pacific Properties from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Jefferies Financial Group downgraded Hudson Pacific Properties from a “buy” rating to a “hold” rating and decreased their target price for the stock from $5.50 to $5.00 in a research report on Tuesday, November 12th. Scotiabank reduced their price target on Hudson Pacific Properties from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Monday, August 26th. Finally, Wells Fargo & Company dropped their price target on Hudson Pacific Properties from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 11th.

Insider Transactions at Hudson Pacific Properties

In other Hudson Pacific Properties news, COO Andy Wattula sold 9,356 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $5.28, for a total transaction of $49,399.68. Following the transaction, the chief operating officer now directly owns 61,068 shares in the company, valued at $322,439.04. This trade represents a 13.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Victor J. Coleman acquired 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average price of $3.53 per share, for a total transaction of $176,500.00. Following the completion of the purchase, the chief executive officer now directly owns 437,451 shares of the company’s stock, valued at $1,544,202.03. This trade represents a 12.90 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.95% of the company’s stock.

Hedge Funds Weigh In On Hudson Pacific Properties

Institutional investors have recently made changes to their positions in the business. M&G Plc acquired a new stake in Hudson Pacific Properties during the second quarter worth about $169,000. Key Client Fiduciary Advisors LLC acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter worth approximately $53,000. Silver Lake Advisory LLC acquired a new position in shares of Hudson Pacific Properties in the 2nd quarter worth approximately $145,000. Bank of New York Mellon Corp raised its position in Hudson Pacific Properties by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,290,803 shares of the real estate investment trust’s stock worth $6,209,000 after purchasing an additional 43,728 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in Hudson Pacific Properties by 6.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 404,949 shares of the real estate investment trust’s stock worth $1,948,000 after purchasing an additional 24,235 shares during the last quarter. 97.58% of the stock is currently owned by institutional investors.

Hudson Pacific Properties Stock Performance

NYSE:HPP opened at $3.56 on Friday. The stock’s 50 day moving average price is $4.19 and its 200 day moving average price is $4.75. The company has a market capitalization of $502.79 million, a PE ratio of -1.70 and a beta of 1.27. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. Hudson Pacific Properties has a 52-week low of $3.01 and a 52-week high of $9.85.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.