Hudson Pacific Properties (NYSE:HPP) Rating Increased to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of Hudson Pacific Properties (NYSE:HPP) from a market perform rating to an outperform rating in a report published on Friday morning, MarketBeat.com reports. They currently have $5.00 price target on the real estate investment trust’s stock, up from their prior price target of $4.00.

A number of other research firms also recently commented on HPP. Scotiabank dropped 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 note on Tuesday, February 18th. Jefferies Financial Group started coverage on shares of Hudson Pacific Properties in a research report on Monday, March 17th. They set a “hold” rating and a $2.70 price target for the company. Piper Sandler decreased their price target on shares of Hudson Pacific Properties from $4.50 to $3.50 and set a “neutral” rating on the stock in a report on Monday, February 24th. The Goldman Sachs Group dropped their price objective 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. Finally, Morgan Stanley reduced their target price on Hudson Pacific Properties from $2.40 to $2.25 and set an “underweight” rating on the stock in a report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.43.

Hudson Pacific Properties Price Performance

NYSE:HPP opened at $2.98 on Friday. Hudson Pacific Properties has a 12-month low of $2.39 and a 12-month high of $6.69. The firm has a market cap of $420.53 million, a price-to-earnings ratio of -1.16 and a beta of 1.31. The company’s 50-day moving average is $3.02 and its two-hundred day moving average is $3.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.47.

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 (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $209.67 million for the quarter, compared to the consensus estimate of $207.95 million. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. Research analysts expect that Hudson Pacific Properties will post 0.45 EPS for the current year.

Institutional Trading of Hudson Pacific Properties

A number of institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC purchased a new position in Hudson Pacific Properties in the 4th quarter worth approximately $27,000. Xponance Inc. purchased a new position in shares of Hudson Pacific Properties in the fourth quarter valued at $30,000. Opinicus Capital Inc. purchased a new position in shares of Hudson Pacific Properties in the fourth quarter valued at $32,000. Cibc World Markets Corp acquired a new stake in Hudson Pacific Properties during the 4th quarter valued at $39,000. Finally, Boothbay Fund Management LLC purchased a new stake in Hudson Pacific Properties during the 4th quarter worth $40,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

About Hudson Pacific Properties

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.