Hudson Pacific Properties (NYSE:HPP) had its price target reduced by research analysts at Barclays from $42.00 to $39.00 in a research report issued on Tuesday. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Barclays’ target price indicates a potential upside of 21.99% from the company’s previous close.

A number of other research firms also recently weighed in on HPP. Goldman Sachs Group downgraded shares of Hudson Pacific Properties from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Hudson Pacific Properties from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Sandler O’Neill cut shares of Hudson Pacific Properties from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a report on Friday, January 12th. Finally, Mizuho restated a “hold” rating and set a $32.00 price objective on shares of Hudson Pacific Properties in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.83.

Shares of Hudson Pacific Properties (HPP) opened at $31.97 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $4,915.92, a P/E ratio of 77.98, a P/E/G ratio of 2.61 and a beta of 0.79. Hudson Pacific Properties has a 12 month low of $31.16 and a 12 month high of $36.75.

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

In other news, insider Richard B. Fried sold 17,417 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $34.66, for a total value of $603,673.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sanford Dale Shimoda sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $35.68, for a total transaction of $99,904.00. Following the completion of the transaction, the executive vice president now owns 83,072 shares of the company’s stock, valued at approximately $2,964,008.96. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in HPP. UBS Asset Management Americas Inc. boosted its holdings in shares of Hudson Pacific Properties by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 471,746 shares of the real estate investment trust’s stock valued at $16,129,000 after buying an additional 56,778 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Hudson Pacific Properties in the second quarter valued at approximately $656,000. California Public Employees Retirement System boosted its holdings in shares of Hudson Pacific Properties by 93.0% in the second quarter. California Public Employees Retirement System now owns 309,300 shares of the real estate investment trust’s stock valued at $10,575,000 after buying an additional 149,000 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of Hudson Pacific Properties by 4.6% in the second quarter. Parametric Portfolio Associates LLC now owns 75,786 shares of the real estate investment trust’s stock valued at $2,591,000 after buying an additional 3,325 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Hudson Pacific Properties by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,166,374 shares of the real estate investment trust’s stock valued at $74,068,000 after buying an additional 183,645 shares during the period. Institutional investors own 99.70% of the company’s stock.

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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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