Zacks Investment Research upgraded shares of Hudson Pacific Properties, Inc. (NYSE:HPP) from a sell rating to a hold rating in a research note released on Monday.

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. “

HPP has been the topic of several other research reports. Morgan Stanley cut their target price on Hudson Pacific Properties from $38.00 to $36.00 and set an overweight rating on the stock in a research report on Friday, September 1st. KeyCorp reaffirmed a buy rating and set a $39.00 target price on shares of Hudson Pacific Properties in a research report on Friday, August 25th. BidaskClub raised Hudson Pacific Properties from a strong sell rating to a sell rating in a research report on Thursday, August 17th. Barclays PLC lifted their target price on Hudson Pacific Properties from $40.00 to $41.00 and gave the company an overweight rating in a research report on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Hudson Pacific Properties in a research report on Tuesday, September 19th. They set a buy rating and a $39.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Hudson Pacific Properties has a consensus rating of Hold and an average target price of $37.79.

Shares of Hudson Pacific Properties (HPP) traded up $0.18 during midday trading on Monday, hitting $34.82. The stock had a trading volume of 1,044,760 shares, compared to its average volume of 966,476. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.40 and a current ratio of 1.40. Hudson Pacific Properties has a one year low of $31.52 and a one year high of $36.75. The stock has a market capitalization of $5,450.00, a PE ratio of 17.85, a PEG ratio of 3.07 and a beta of 0.77.

Hudson Pacific Properties (NYSE:HPP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. Hudson Pacific Properties had a return on equity of 1.58% and a net margin of 8.98%. The firm had revenue of $190.02 million during the quarter, compared to analysts’ expectations of $183.37 million. During the same quarter last year, the firm posted $0.46 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. analysts predict that Hudson Pacific Properties will post 1.96 EPS for the current fiscal year.

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In other Hudson Pacific Properties news, Director Jonathan M. Glaser purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $31.98 per share, for a total transaction of $159,900.00. Following the completion of the acquisition, the director now owns 132,405 shares of the company’s stock, valued at approximately $4,234,311.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan M. Glaser purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $31.78 per share, for a total transaction of $476,700.00. Following the completion of the acquisition, the director now directly owns 132,405 shares of the company’s stock, valued at approximately $4,207,830.90. The disclosure for this purchase can be found here. Insiders have purchased 25,000 shares of company stock worth $797,600 over the last quarter. 0.33% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of HPP. PNC Financial Services Group Inc. lifted its holdings in Hudson Pacific Properties by 126.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,740 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 2,091 shares during the period. KCG Holdings Inc. raised its stake in shares of Hudson Pacific Properties by 11.3% in the first quarter. KCG Holdings Inc. now owns 13,131 shares of the real estate investment trust’s stock valued at $455,000 after buying an additional 1,334 shares during the period. AQR Capital Management LLC raised its stake in shares of Hudson Pacific Properties by 19.5% in the first quarter. AQR Capital Management LLC now owns 147,992 shares of the real estate investment trust’s stock valued at $5,126,000 after buying an additional 24,151 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of Hudson Pacific Properties by 7.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 86,683 shares of the real estate investment trust’s stock valued at $3,003,000 after buying an additional 6,342 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Hudson Pacific Properties by 31.2% in the second quarter. Bank of Montreal Can now owns 67,954 shares of the real estate investment trust’s stock valued at $2,323,000 after buying an additional 16,154 shares during the period.

About Hudson Pacific Properties

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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