Hudson Pacific Properties Sets New 52-Week High at $26.23 (HPP)
Shares of Hudson Pacific Properties (NYSE:HPP) hit a new 52-week high during mid-day trading on Tuesday , Stock Ratings News reports. The stock traded as high as $26.23 and last traded at $26.22, with a volume of 180,122 shares trading hands. The stock had previously closed at $25.97.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Hudson Pacific Properties from $26.00 to $28.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Analysts at KeyCorp upgraded shares of Hudson Pacific Properties from a “hold” rating to a “buy” rating in a research note on Thursday, June 19th. They now have a $28.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $24.93.
The stock has a 50-day moving average of $25.43 and a 200-day moving average of $23.48. The company’s market cap is $1.732 billion.
Hudson Pacific Properties (NYSE:HPP) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ 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.
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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