Zacks Investment Research lowered shares of Hudson Pacific Properties Inc. (NYSE:HPP) from a buy rating to a hold rating in a report published on Wednesday.

According to Zacks, “Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in select growth markets primarily in Northern and Southern California. These markets include Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and the East Bay. The Company is headquartered in Los Angeles, California. “

Other analysts have also issued research reports about the stock. Mizuho upgraded shares of Hudson Pacific Properties from a neutral rating to a buy rating in a research note on Monday, November 7th. DA Davidson increased their price objective on shares of Hudson Pacific Properties from $37.00 to $40.00 and gave the stock a buy rating in a research note on Friday, August 5th. Barclays PLC increased their price target on shares of Hudson Pacific Properties from $36.00 to $38.00 and gave the stock an overweight rating in a report on Tuesday, July 19th. Robert W. Baird reissued an outperform rating and set a $38.00 price target on shares of Hudson Pacific Properties in a report on Friday, August 26th. Finally, BTIG Research began coverage on shares of Hudson Pacific Properties in a report on Thursday, August 25th. They set a buy rating and a $38.00 price target on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $36.00.

Shares of Hudson Pacific Properties (NYSE:HPP) traded up 1.38% during mid-day trading on Wednesday, reaching $32.99. 130,268 shares of the company’s stock were exchanged. The company’s 50 day moving average is $32.77 and its 200 day moving average is $31.41. The stock’s market capitalization is $3.80 billion. Hudson Pacific Properties has a 1-year low of $22.77 and a 1-year high of $34.38.

Hudson Pacific Properties (NYSE:HPP) last released its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. The firm had revenue of $164.60 million for the quarter, compared to analyst estimates of $17.50 million. Hudson Pacific Properties had a net margin of 1.51% and a return on equity of 0.25%. Equities research analysts anticipate that Hudson Pacific Properties will post $1.77 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the company. Shinko Asset Management Co. Ltd. boosted its stake in Hudson Pacific Properties by 84.2% in the second quarter. Shinko Asset Management Co. Ltd. now owns 2,294,991 shares of the real estate investment trust’s stock valued at $66,968,000 after buying an additional 1,049,207 shares during the last quarter. Legal & General Group Plc boosted its stake in Hudson Pacific Properties by 0.9% in the first quarter. Legal & General Group Plc now owns 143,737 shares of the real estate investment trust’s stock valued at $4,157,000 after buying an additional 1,310 shares during the last quarter. Jennison Associates LLC purchased a new stake in Hudson Pacific Properties during the second quarter valued at about $1,472,000. M&T Bank Corp purchased a new stake in Hudson Pacific Properties during the second quarter valued at about $213,000. Finally, BlackRock Advisors LLC boosted its stake in Hudson Pacific Properties by 10.7% in the second quarter. BlackRock Advisors LLC now owns 38,974 shares of the real estate investment trust’s stock valued at $1,137,000 after buying an additional 3,783 shares during the last quarter. Hedge funds and other institutional investors own 91.57% of the company’s stock.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc is a full-service, vertically integrated real estate investment trust (REIT). The Company is focused on owning, operating and acquiring office, and media and entertainment properties in select growth markets primarily in Northern and Southern California, and the Pacific Northwest.

5 Day Chart for NYSE:HPP

Receive News & Stock Ratings for Hudson Pacific Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Pacific Properties Inc. and related stocks with our FREE daily email newsletter.