Hudson Pacific Properties Inc. (HPP) Given Consensus Rating of “Buy” by Analysts
Hudson Pacific Properties Inc. (NYSE:HPP) has been assigned an average recommendation of “Buy” from the eleven research firms that are currently covering the firm. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $35.50.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Hudson Pacific Properties from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, August 2nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $38.00 price target on shares of Hudson Pacific Properties in a research report on Friday, August 26th. Mizuho raised Hudson Pacific Properties from a “neutral” rating to a “buy” rating in a research report on Monday, November 7th. DA Davidson set a $40.00 price target on Hudson Pacific Properties and gave the company a “buy” rating in a research report on Monday, October 10th. Finally, Bank of America Corp. reiterated a “positive” rating on shares of Hudson Pacific Properties in a research note on Thursday, September 22nd.
Hudson Pacific Properties (NYSE:HPP) traded up 1.24% during trading on Tuesday, hitting $34.97. The stock had a trading volume of 498,595 shares. Hudson Pacific Properties has a 52 week low of $22.77 and a 52 week high of $35.59. The stock has a 50-day moving average price of $32.96 and a 200-day moving average price of $31.62. The company’s market cap is $4.02 billion.
Hudson Pacific Properties (NYSE:HPP) last posted its earnings results on Thursday, November 3rd. The real estate investment trust reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The firm had revenue of $164.60 million for the quarter, compared to the consensus estimate of $17.50 million. Hudson Pacific Properties had a net margin of 1.51% and a return on equity of 0.25%. Equities analysts predict that Hudson Pacific Properties will post $1.77 EPS for the current year.
Several hedge funds have recently modified their holdings of HPP. Victory Capital Management Inc. bought a new stake in shares of Hudson Pacific Properties during the third quarter worth $116,000. BlackRock Japan Co. Ltd raised its stake in shares of Hudson Pacific Properties by 14.3% in the second quarter. BlackRock Japan Co. Ltd now owns 4,444 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 557 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Hudson Pacific Properties during the second quarter worth $195,000. M&T Bank Corp bought a new stake in shares of Hudson Pacific Properties during the second quarter worth $213,000. Finally, Societe Generale purchased a new position in shares of Hudson Pacific Properties during the second quarter worth $227,000.
Hudson Pacific Properties Company Profile
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.
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