Hudson Pacific Properties, Inc. (NYSE:HPP) has been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $38.31.

A number of analysts recently issued reports on the company. Morgan Stanley decreased their target price on Hudson Pacific Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, September 1st. BidaskClub lowered Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. KeyCorp reiterated a “buy” rating and issued a $39.00 price objective on shares of Hudson Pacific Properties in a research note on Friday, August 25th. Barclays PLC boosted their price objective on Hudson Pacific Properties from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) started coverage on Hudson Pacific Properties in a research note on Tuesday, September 19th. They issued a “buy” rating and a $39.00 price objective for the company.

In other news, Director Jonathan M. Glaser acquired 15,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $31.78 per share, for a total transaction of $476,700.00. Following the transaction, the director now owns 132,405 shares in the company, valued at $4,207,830.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan M. Glaser acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $31.98 per share, with a total value of $159,900.00. Following the transaction, the director now owns 132,405 shares in the company, valued at approximately $4,234,311.90. The disclosure for this purchase can be found here. Insiders have acquired a total of 25,000 shares of company stock valued at $797,600 over the last ninety days. 13.35% of the stock is owned by insiders.

Several large investors have recently modified their holdings of HPP. Teacher Retirement System of Texas increased its stake in shares of Hudson Pacific Properties by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 12,333 shares of the real estate investment trust’s stock worth $422,000 after acquiring an additional 162 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Hudson Pacific Properties by 1.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 17,932 shares of the real estate investment trust’s stock worth $613,000 after purchasing an additional 336 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Hudson Pacific Properties by 0.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 150,264 shares of the real estate investment trust’s stock worth $5,138,000 after purchasing an additional 590 shares during the period. Amalgamated Bank increased its position in Hudson Pacific Properties by 5.3% during the 1st quarter. Amalgamated Bank now owns 14,200 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 716 shares during the period. Finally, GAM Holding AG increased its position in Hudson Pacific Properties by 7.2% during the 2nd quarter. GAM Holding AG now owns 13,329 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 896 shares during the period.

Shares of Hudson Pacific Properties (HPP) traded up 0.09% during mid-day trading on Friday, reaching $33.23. 964,398 shares of the company’s stock traded hands. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 94.40 and a beta of 0.75. The firm’s 50-day moving average is $32.61 and its 200 day moving average is $33.48. Hudson Pacific Properties has a one year low of $31.53 and a one year 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. Hudson Pacific Properties had a return on equity of 1.37% and a net margin of 7.87%. The company had revenue of $166.85 million for the quarter, compared to analyst estimates of $175.79 million. During the same quarter last year, the company posted $0.43 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. Analysts predict that Hudson Pacific Properties will post $0.29 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.01%. The ex-dividend date was Monday, September 18th. Hudson Pacific Properties’s dividend payout ratio (DPR) is presently 277.78%.

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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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