Hudson Pacific Properties (NYSE:HPP) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Hudson Pacific Properties (NYSE:HPP) in a research report sent to investors on Monday morning, Marketbeat.com reports. The firm issued a hold rating and a $2.70 target price on the real estate investment trust’s stock.

A number of other research firms have also recently commented on HPP. The Goldman Sachs Group reduced their price target on Hudson Pacific Properties from $3.90 to $3.40 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Piper Sandler reduced their price target on Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Monday, February 24th. Wells Fargo & Company upgraded Hudson Pacific Properties from an “equal weight” rating to an “overweight” rating and set a $4.00 price target for the company in a report on Monday, March 10th. Mizuho cut their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Scotiabank cut their price objective on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.23.

Hudson Pacific Properties Price Performance

Shares of NYSE HPP opened at $3.03 on Monday. The stock has a market capitalization of $427.59 million, a price-to-earnings ratio of -1.18 and a beta of 1.31. The business has a 50-day moving average of $3.00 and a 200-day moving average of $3.71. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.26 and a quick ratio of 1.26. Hudson Pacific Properties has a fifty-two week low of $2.39 and a fifty-two week high of $6.82.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $209.67 million during the quarter, compared to analysts’ expectations of $207.95 million. Hudson Pacific Properties had a negative return on equity of 12.64% and a negative net margin of 44.01%. As a group, sell-side analysts predict that Hudson Pacific Properties will post 0.45 earnings per share for the current fiscal year.

Insider Activity at Hudson Pacific Properties

In related news, CEO Victor J. Coleman bought 50,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of $2.87 per share, with a total value of $143,500.00. Following the completion of the purchase, the chief executive officer now owns 487,451 shares in the company, valued at $1,398,984.37. This represents a 11.43 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.95% of the stock is currently owned by insiders.

Institutional Trading of Hudson Pacific Properties

A number of hedge funds and other institutional investors have recently modified their holdings of HPP. GeoWealth Management LLC bought a new stake in shares of Hudson Pacific Properties during the fourth quarter worth $27,000. Xponance Inc. bought a new stake in shares of Hudson Pacific Properties in the fourth quarter worth $30,000. Opinicus Capital Inc. bought a new stake in shares of Hudson Pacific Properties in the fourth quarter worth $32,000. Cibc World Markets Corp bought a new stake in shares of Hudson Pacific Properties in the fourth quarter worth $39,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Hudson Pacific Properties in the fourth quarter worth $40,000. Institutional investors own 97.58% of the company’s stock.

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.