Hudson Pacific Properties, Inc. (NYSE:HPP) has received an average recommendation of “Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $38.31.

A number of brokerages have recently commented on HPP. Morgan Stanley lowered their price objective on Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, September 1st. KeyCorp reissued a “buy” rating and set a $39.00 price objective on shares of Hudson Pacific Properties in a report on Friday, August 25th. BidaskClub raised Hudson Pacific Properties from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Barclays PLC increased their price objective on Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th.

In other Hudson Pacific Properties news, CEO Victor J. Coleman sold 58,086 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $35.50, for a total value of $2,062,053.00. Following the completion of the sale, the chief executive officer now owns 936,165 shares in the company, valued at approximately $33,233,857.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sanford Dale Shimoda sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $35.55, for a total value of $177,750.00. Following the completion of the sale, the executive vice president now owns 93,872 shares of the company’s stock, valued at approximately $3,337,149.60. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 25,000 shares of company stock valued at $797,600 and have sold 140,549 shares valued at $4,990,039. 13.35% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in HPP. BlackRock Inc. lifted its position in shares of Hudson Pacific Properties by 5,818.7% in the 1st quarter. BlackRock Inc. now owns 12,354,125 shares of the real estate investment trust’s stock worth $427,947,000 after acquiring an additional 12,145,395 shares during the period. Vanguard Group Inc. lifted its position in shares of Hudson Pacific Properties by 24.8% in the 1st quarter. Vanguard Group Inc. now owns 24,132,050 shares of the real estate investment trust’s stock worth $835,935,000 after acquiring an additional 4,791,213 shares during the period. Principal Financial Group Inc. lifted its position in shares of Hudson Pacific Properties by 25,550.9% in the 1st quarter. Principal Financial Group Inc. now owns 4,708,482 shares of the real estate investment trust’s stock worth $163,102,000 after acquiring an additional 4,690,126 shares during the period. Brookfield Asset Management Inc. lifted its position in shares of Hudson Pacific Properties by 124.0% in the 1st quarter. Brookfield Asset Management Inc. now owns 4,195,994 shares of the real estate investment trust’s stock worth $145,349,000 after acquiring an additional 2,323,164 shares during the period. Finally, FMR LLC lifted its position in shares of Hudson Pacific Properties by 18.4% in the 1st quarter. FMR LLC now owns 12,413,747 shares of the real estate investment trust’s stock worth $430,013,000 after acquiring an additional 1,931,747 shares during the period.

Hudson Pacific Properties (NYSE:HPP) traded down 0.68% during trading on Tuesday, reaching $32.19. The company had a trading volume of 831,967 shares. The company has a market capitalization of $5.00 billion, a P/E ratio of 91.45 and a beta of 0.76. The stock has a 50 day moving average of $32.51 and a 200-day moving average of $33.84. Hudson Pacific Properties has a 12 month low of $31.53 and a 12 month high of $36.75.

Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. The business had revenue of $166.85 million for the quarter, compared to analyst estimates of $175.79 million. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. Equities research analysts expect that Hudson Pacific Properties will post $0.29 EPS for the current fiscal year.

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Hudson Pacific Properties Company Profile

Hudson Pacific Properties, Inc is a real estate investment trust (REIT). The Company operates in two segments: office properties, and media and entertainment properties. The Company is focused on acquiring, repositioning, developing and operating office and media and entertainment properties in submarkets throughout Northern and Southern California and the Pacific Northwest.

Analyst Recommendations for Hudson Pacific Properties (NYSE:HPP)

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