KeyCorp Upgrades Hudson Pacific Properties to “Buy” (HPP)
Hudson Pacific Properties (NYSE:HPP) was upgraded by investment analysts at KeyCorp from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Hudson Pacific Properties (NYSE:HPP) opened at 25.02 on Thursday. Hudson Pacific Properties has a one year low of $18.95 and a one year high of $25.26. The stock’s 50-day moving average is $23.95 and its 200-day moving average is $22.66. The company’s market cap is $1.657 billion.
Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.02. On average, analysts predict that Hudson Pacific Properties will post $1.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 20th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, June 18th.
Separately, analysts at Barclays raised their price target on shares of Hudson Pacific Properties from $24.00 to $26.00 in a research note on Tuesday, April 22nd. They now have an “overweight” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Hudson Pacific Properties currently has a consensus rating of “Buy” and a consensus target price of $23.23.
Hudson Pacific Properties, Inc is a full-service, vertically integrated real estate investment trust (NYSE:HPP) focused on owning, operating and acquiring high-quality office properties in select growth markets primarily in Northern and Southern California.
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